By Altus Group | November 28, 2017

Industrial Sector Boosts Calgary Commercial Real Estate Investment in Q3 2017

Q3 2017 registered a total of 135 transactions over $1 million, representing a total investment value of $688 million

CALGARY ‒ Altus Group, a leading provider of commercial real estate services, software and data solutions, today announced the commercial real estate investment results for the third quarter of 2017 for the Calgary market area. Overall sales volumes were up from the previous quarter by 28%. Year-to-date, however, activity remains more subdued than in 2016 (by about 12%).

Graph showing Calgary property transaction dollar volume and number of transactions for all sectors by quarter.

Source:  Altus Group 

Of the seven asset classes tracked, the Industrial sector was the strongest performer in Q3 with the highest transaction value ($219 million which accounted for 32% of the total investment), the largest quarter to quarter dollar growth and the largest year-over-year growth.


Pie chart showing Calgary Q3 2017 Property Transactions, total dollar volume by sector.

Source:  Altus Group

While Residential Land sales were down slightly from the previous quarter (to $87 million), this sector posted the strongest year-to-date growth, up by 53% from the first three quarters of 2016. ICI Land sales were up modestly in Q3 from the previous quarter (to $101 million) but were down 36% from Q3 2016.

In the Apartment sector, there were 14 transactions worth $46 million in Q3; the dollar volume was down from both last quarter (by 50%) and Q3 2016 (by 60%).

While both the Office and Retail sectors recorded increases in Q3 (to $91 million and $125 million, respectively), year-to-date sales volumes are down in both sectors by about one-third.

“This is the second quarter this year that Industrial transaction values have surpassed the $200 million mark,” noted Paul Richter, Director, Data Solutions, Altus Group. “Investor interest is being sustained by Calgary’s evolution as a logistics hub.”


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Data Solutions connects the Canadian real estate industry through the delivery of data with unparalleled breadth, integrity and relevance.  We cover new homes, investment transactions and commercial market inventory in key markets, and also provide intelligence on the national housing market and consumer home buying and borrowing patterns.

Our solutions are used by real estate industry stakeholders to gain market intelligence, identify and validate opportunities, benchmark, strategically plan, manage risk and more.

Data Solutions is part of Altus Analytics, the software and data solutions business of Altus Group, where our focus is to empower real estate clients and partners to work collaboratively to enhance decision making, drive performance and optimize transactional efficiency. Our solutions enable firms to better organize and manage data and connect with the right information and analytics to help them gain a complete picture of real estate assets, portfolios and transactions.

For more information on Data Solutions, please visit



Altus Group Limited is a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,500 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.

For more information on Altus Group, please visit:



Elizabeth Lambe
Manager, Communications
Altus Group
(416) 641 – 9787

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