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Industrial activity in the Greater Calgary Area (GCA) increased throughout 2017 and continued into the first quarter of this year, as demand was evident in all sectors of the market. This demand was demonstrated in both positive net absorption continuing for five consecutive quarters and vacancy decreasing by 70 basis points quarter-over-quarter. With real GDP growth expected to be 2.5 percent for Alberta in 2018, it is anticipated that the increased demand will continue throughout the year.
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