Market Overview
The Glenmore Industrial area is one of Calgary's most accessible and well-established industrial corridors, situated along Glenmore Trail SE between Barlow Trail NE/SE and 52nd Street SE. The area hosts a diverse mix of light and medium industrial users, commercial-industrial hybrids, and logistics-oriented tenants who benefit from direct access to the Glenmore Trail freeway and quick connections to Deerfoot Trail and the ring road. Industrial NNN lease rates range from $11 to $20 per sq ft.
Unlike many of Calgary's newer industrial parks, the Glenmore Industrial area offers a mature built environment with established infrastructure, functional loading configurations, and a broad range of bay sizes that accommodate tenants from small trades contractors to regional distribution operations. The corridor's central location within the city — equidistant from downtown and the SE ring road — makes it attractive to operators who service customers across the broader Calgary region.
Key Commercial Corridors
Glenmore Trail SE is the primary arterial spine, providing high-speed east-west connectivity that links this industrial area to Deerfoot Trail to the west and 52nd Street SE to the east. Several industrial streets perpendicular to Glenmore Trail host clusters of multi-tenant industrial bays, standalone warehouses, and service commercial buildings in configurations ranging from 2,000 to over 50,000 sq ft.
The Barlow Trail NE connection gives Glenmore Industrial users quick access to the Trans-Canada Highway and northeastern Calgary, while the Glenmore Trail SW connection links to the ring road and the growing southwest industrial and commercial districts. This dual-direction freeway access is a key operational advantage for distribution tenants serving the full Calgary market.
Asset Classes
Light Industrial / Flex
Multi-tenant bays 2,000–15,000 sq ft for trades, contractors, and light manufacturing. Rates $11–$17 NNN.
Warehouse & Distribution
Larger bay formats 15,000–50,000+ sq ft with dock loading and grade-level access. Rates $12–$18 NNN.
Commercial-Industrial
Showroom-fronted bays with office component; suitable for building material, equipment, and auto-related tenants.
Service Commercial
Auto repair, welding, fabrication, and trade contractor operations requiring industrial zoning and yard space.
Investment Drivers
Glenmore Industrial properties offer investors exposure to Calgary's resilient industrial market, which has maintained strong fundamentals through multiple energy price cycles due to the city's diverse tenant base across trades, construction, distribution, and light manufacturing. Cap rates for stabilised multi-tenant industrial in this corridor typically range from 5.5% to 7.0%.
Value-add opportunities exist in older multi-tenant buildings where below-market rents, deferred maintenance, or lease rollover create the opportunity to reposition and achieve current market rates upon renewal. The corridor's central Calgary location insulates it from the softer demand that can affect outlying industrial parks when the broader Calgary economy contracts.
Development Pipeline
New industrial development in the Glenmore corridor is limited by the area's fully built-out character, but several older properties are being extensively renovated to meet modern industrial standards including increased clear heights, improved loading infrastructure, and upgraded electrical service. Demand from e-commerce logistics and last-mile delivery operators has been a positive demand driver for functional buildings in this centrally located corridor.