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Nanaimo & Mid-Vancouver Island Industrial Report Fall 2021

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research article

High demand and record-low supply have escalated industrial land and rental rates in the city of Nanaimo.

  • Although not as low as Victoria’s vacancy rate of 0.2% for Q3 2021, the City of Nanaimo is not far behind at 0.48%. This also represents a decrease in the vacancy rate from the same quarter last year, when it was 0.83%.
  • With limited available space, the average asking net rent has increased 21.5% from $13.40 to $16.27 per square foot, year-over-year.




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Nanaimo & Mid-Vancouver Island Industrial Report Fall 2021

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For More Information, Please Contact:

Tyler Dolan

Managing Director, Vancouver Island and Okanagan

Victoria

yler Dolan is the Managing Director, Vancouver Island and Okanagan responsible for the execution of Colliers business strategy in the region. He is also the National Debt Advisory Lead for Canada.

Tyler has been active in the commercial real estate industry since 2001, and spent the majority of his career in both real estate and commercial finance with major financial institutions.

Tyler joined Colliers’ Leadership Team in May 2018 working with advisors and operations staff on the success of their clients’ real estate needs. His priorities include business development, employee engagement, professional development, recruiting, market identity, financial management and performance.

Tyler is an alumnus of Royal Roads University with a Bachelor of Commerce, Camosun College with a Diploma in Business Administration, and UBC Sauder School of Business in Mortgage Brokerage Brokerage and Real Estate Trading Services in British Columbia.

Tyler is a past Board Member of the Downtown Victoria Business Association, Peninsula Minor Hockey Association, the Urban Development Institute, and the Victoria Brain Injury Society.

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