No major industrial real estate projects are expected to come online between late 2010 and early 2011 in Calgary until development costs decrease and market lease rates increase, says a report by CB Richard Ellis. This coupled with continued positive absorption (the change in occupied space) could push vacancy rates below three per cent within 18 months, says the commercial real estate company. The vacancy rate is currently 4.6 per cent. To view the publication by  Mario Toneguzzi Calgary Herald click here.

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