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Kelowna Industrial Report April 2021

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research article

The industrial sector remains strong in the Kelowna marketplace. Vacancy rate is at a low of 0.5% as demand continues to increase.

  • New build industrial rental rates in the greater Kelowna market continue to surge as the are currently on average $15.00 (PSF)
  • The demand for industrial space continues to be a priority, as there as been 437K SF added to the Kelowna inventory in the past year and 217K SF of planned development in the future

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Kelowna Industrial Report April 2021

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For More Information, Please Contact:

Eric Weber

Vice President | Personal Real Estate Corporation

Kelowna

Eric Weber brings over 44 years of real estate experience to his role as Vice President with Colliers Kelowna, the last 25 of which have been in the sales and leasing of industrial properties. His wealth of knowledge and market insight gathered over that time make him not only the industrial specialist in the office, but a much sought after advisor and agent for his impressive list of local and national clients.

Eric is known for his ability to bring deals to completion and help his clients achieve success in all their real estate transactions. He has a thorough understanding of the local market and the trends associated with industrial real estate.

Eric also is involved in the training and mentoring of young brokers in the office who are members of the Colliers Acceleration program. He provides guidance and exposure to the young brokers so that they get exposure to the fine details in commercial real estate assignments that cannot be taught in a classroom.

 

 

 

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