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Research

Waterloo Region Industrial Market Report Q1 2019

Waterloo Region Industrial Market Report Q1 2019

Waterloo Region Industrial Market Report Q1 2019
  • The steady pace of sale and lease transactions in Waterloo Region in the first quarter of 2019 has resulted in continued low vacancy.
  • Demand for owner-occupier purchase opportunities continues to outpace demand for leasing options.
  • Sale prices are achieving record numbers with some existing properties pushing prices into replacement cost territory.
  • Asking lease rates are eclipsing the $7.00 per square foot mark and setting a new benchmark in the Region.
  • Lack of supply is resulting in upward pressure on both lease rates and per square foot sale prices.

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Karl Innanen

Karl Innanen

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