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Research

Victoria Industrial Market Report Summer 2018

Victoria Industrial Market Report Summer 2018

Victoria Industrial Market Report Summer 2018

The CRD’s industrial vacancy rate is at a decade low, following eight consecutive quarters of positive absorption. Leasing and sales in the industrial market remained robust, with overall vacancy decreasing in all the municipalities. Here is a preview of the Victoria Summer 2018 Industrial Report:

  • The Westshore is an emerging market for industrial acquisitions due to lack of supply in other markets.
  • The most notable addition to inventory was the 44,000 square-foot warehouse and distribution facility built for Islands West Produce in Royal Oak.
  • Saanich experienced the most significant change in vacancy over the past 12 months 





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