Shepard Industrial Calgary Commercial Real Estate
Calgary's SE industrial expansion zone — a newer large-format industrial area with modern warehousing, distribution and logistics facilities benefiting from direct Deerfoot Trail and CP Rail access. Lower land costs and newer buildings make Shepard Calgary's fastest-growing industrial destination.
Shepard Industrial Calgary — Market Overview
Shepard Industrial is SE Calgary's primary industrial expansion area — a newer large-format industrial zone located south and east of the established Foothills and Ogden industrial areas. Development has accelerated since 2010, with modern warehousing, distribution and logistics facilities taking advantage of lower land costs, modern servicing and direct Deerfoot Trail access.
The area is characterized by larger building footprints than older Calgary industrial parks, with distribution centres, logistics facilities and modern light manufacturing plants designed to contemporary specifications — higher clear heights (28–40 ft), ESFR sprinklers, large truck courts and energy-efficient building systems. CP Rail access is available for select sites.
Shepard Industrial's lease rates of $13–18/sf net reflect both the quality of its newer building stock and the supply constraints of SE Calgary industrial. As Calgary's population and retail economy grow, demand for SE logistics and distribution space continues to intensify, making Shepard Industrial the natural beneficiary.
Shepard Industrial Cap Rates & Market Data (2025)
| Asset Class | Location | Cap Rate / Rate | Notes |
|---|---|---|---|
| Warehousing / Distribution | Shepard Industrial Core | 6.0–7.0% | Modern large-format, 3PL, e-commerce |
| Logistics / Truck Terminal | Deerfoot Trail corridor | 6.0–7.0% | National freight, Deerfoot direct access |
| Manufacturing — Modern | Shepard Industrial Park | 6.0–7.5% | Light to medium, modern specifications |
| Rail-Served Industrial | CP Rail corridor sites | 6.0–6.5% | Rail access premium, intermodal |
| Light Industrial / Flex | Multi-tenant buildings | $12–16/sf net | Smaller users, bay format |
| Industrial Land | Development sites | $/ac varies | New build, purpose-built |
| Non-Residential Mill Rate | City of Calgary 2025 | $17.18/1,000 AV | Applied to assessed value |
Why Investors Choose Shepard Industrial
Calgary's newest major industrial product. Shepard Industrial offers the most modern building stock in SE Calgary — higher clear heights, better loading configurations, and energy-efficient systems that meet current occupant requirements.
Direct Deerfoot Trail access. Deerfoot Trail is Calgary's primary north-south expressway, connecting Shepard Industrial to downtown, the airport, and southern Alberta. This is a decisive logistics advantage.
CP Rail availability. Rail-served sites in Shepard Industrial enable bulk commodity and intermodal users who cannot find suitable rail access in other Calgary industrial parks.
Land for new development. Unlike fully built-out older industrial parks, Shepard Industrial still has serviced and near-serviced land for new purpose-built construction — enabling owner-users and developers to specify exactly the building they need.
No provincial income tax. Alberta's zero provincial income tax advantage applies across all Shepard Industrial property types.
Shepard Industrial Calgary — Frequently Asked Questions
What is Shepard Industrial Calgary?
What are industrial lease rates in Shepard Industrial?
How does Shepard Industrial compare to Foothills Industrial?
Is there rail access in Shepard Industrial?
How do I buy or lease industrial space in Shepard Industrial?
Exploring Shepard Industrial?
Our Calgary industrial advisors cover Shepard Industrial warehousing, logistics, manufacturing and land development — SE Calgary's newest and most modern industrial market.
Talk to a Broker