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2017 concluded with the Calgary & Area (C&A)industrial market posting positive net absorption along with a vacancy rate that decreased for a fourth consecutive quarter. Compared to 2016, which saw two quarters of negative net absorption and increasing vacancy rates, 2017 market activity showed greater signs of recovery. The largest decrease in vacancy occurred in the Southeast quadrant, where vacancy fell from 6.0 percent to 5.4 percent. A driving force for this decrease was multiple transactions ranging from 30,000 to 100,000 square feet. Vacancy in the South-central increased from 4.8 percent to 5.4 percent and remained stable in the Northeast at 10.1 percent.
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