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Research

National Industrial Dashboard Population Under 1M Q4 2018

National Industrial Dashboard Population Under 1M Q4 2018

National Industrial Dashboard Population Under 1M Q4 2018
  • Victoria saw the industrial vacancy decline to 1.1% in 2018, and the vacancy rate is expected to remain stagnant in 2019 without much change.
  • Industrial activity in the Thompson Okanagan remains strong resulting in a drop in the vacancy rate from 1.7% in Q3 2018 to 1.6% in Q4 2018.
  • The Saskatoon industrial market is still experiencing the after-effect of speculative construction during 2014-2016.
  • Regina’s industrial market remains at decade high vacancy levels, despite a drop in vacancy at year's end.

  • Though leasing activity in the Winnipeg Market has been steady, vacancy increased from 2.7% in Q3 2018 to 3.0% at the end of 2018.
  • The Waterloo Region continues to see positive absorption totaling 847,000 square feet in the past twelve months and 311,000 square feet of this during Q4 2018.
  • Vacancy continues to decline in the Halifax industrial market, dropping 260 basis points since Q4 2017 to a rate of 11.9% overall to close 2018.

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