Calgary Retail Market Report – Q3 2023

Investment continued to pick up steam through the last quarter. From April through June 2023, an additional $1.198 billion in transactions closed. Fueling year-to-date (YTD) activity was very strong demand for land plus a dramatic increase in investors’ appetites for retail and industrial properties.

The general retail category was leading sales volumes, comprising nearly half of total YTD dollar volume and drawing more investment than seen at the midpoints of the three previous years combined. Shopping centres accounted for one-fourth of total sales…

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