JLL Calgary Industrial Group
JLL Calgary Industrial Group is a public company specializing in industrial real estate, offering comprehensive management services and end-to-end solutions for occupiers and investors. Based in Calgary, Alberta, the group focuses on identifying unique opportunities in the industrial market and has delivered significant new industrial space while maintaining stable rental rates.
Services Offered
The JLL Calgary Industrial Group provides a range of services tailored to the industrial real estate sector. These services include lease negotiations, building owner user sales, landlord representation, land leases, due diligence, investment sales, lease renewals, tenant representation, land sales, and design & build solutions. The company focuses on delivering comprehensive management services for the sale of investment and development properties, ensuring that both occupiers and investors receive end-to-end real estate solutions.
Market Insights
In Q1 2024, Calgary's industrial market experienced a net absorption of 1.0 million square feet, indicating a robust demand for industrial space. The average rental rates remained stable at $10.67 per square foot during the same period. The market's vacancy rate increased to 3.7%, up from 3.1% in the previous quarter. The company anticipates 4.4 million square feet of speculative construction completions in 2024, with 21% already preleased, reflecting ongoing interest in industrial properties.
Key Properties
The JLL Calgary Industrial Group manages significant properties in high-demand areas. One notable property is located at 261090 Wagon Wheel View, Balzac, featuring 148,831 square feet on a 14.01-acre site. Another key property is situated at 3111 Shepard Place SE, Calgary, which consists of a multi-service facility with 107,545 square feet across three buildings on an 11.77-acre site. These properties are strategically positioned to leverage Calgary's role as a western distribution hub.
Industry Focus
The JLL Calgary Industrial Group specializes in the industrial real estate sector, focusing on uncovering unique opportunities that are often overlooked by other brokerages. The company's expertise includes industrial leasing, industrial renewal, industrial land purchasing, and industrial land sales. This specialization allows the team to effectively navigate the complexities of the industrial market and provide tailored solutions to clients.
Company Overview
The JLL Calgary Industrial Group operates within the real estate industry and is classified as a public company. The company is headquartered in Calgary, Alberta, and describes itself as 'Calgary's experienced brokerage team for your industrial market real estate needs.' The team is dedicated to serving the industrial market, leveraging local knowledge and expertise to assist clients in achieving their real estate objectives.