Amazon AMXL centres specialize in heavy and bulky products and this particular project, the first of its kind in Canada, cost an estimated $131M.
The second-highest project was a nearby build: a new Sofina Foods poultry facility valued at $75M and located between YYC6 and YYC4. All three projects are part of the East Shephard Industrial Park.
According to the Amazon spokesperson, YYC6 is the second fulfilment centre in Calgary, where the company also has a sortation centre, a delivery station, and an AMXL delivery station.in November 2021 that it would be opening a new Amazon Web Services cloud computing hub to service Western Canada in Calgary by late-2023 or early-2024 as part of an estimated $4.3B investment in the Calgary region planned across a 15-year period.
"Relative to the frantic pace Calgary’s industrial market saw in 2022, market activity in the first two quarters of 2023 has decreased," said Avison Young. "Net absorption has leveled off from the record-breaking previous year as overall vacancy has risen.""Limited inventory in the region will continue to sustain both lease rates and sale prices, which bodes well for Calgary’s industrial market," Avison Young added.
According to the brokerage, there is approximately 5.25 million sq. ft of industrial space currently under construction, with an additional 4.92 million sq. ft set to be approved.
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