Waterloo Office Market Report Q2 2020

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research article

As of Q2 2020, the world is still trying to comprehend the economic consequences of COVID-19. With business taking a cautious approach to return to the workplace, the impact on the office sector will take time to fully emerge.

  • The average asking rent rate remains stable at $14.39 PSF and is expected to remain relatively stable going forward.
  • No new office space was delivered to the market in the second quarter, but construction activity has resumed. New space is expected to come to the market in the second half of the year, impacting the availability rate.

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Waterloo Office Market Report Q2 2020

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For More Information, Please Contact:

Karl Innanen

Managing Director

Waterloo Region

Karl Innanen quickly became a “spokesman” for the investment real estate market in Southwestern Ontario. He was able to dovetail his economics education from the University of Western Ontario with the practical experiences working in the real estate brokerage field since 1990.

Karl’s expertise is in understanding and analyzing clients' needs in relation to the dynamics of the market, and formulating strategies that will enable the client to attain their business goals.

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