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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

As Managing Director, Tyler is responsible for execution of Colliers business strategy on Vancouver Island.  Tyler has and 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. In May 2018, Tyler assumed the role of Managing Director for the Colliers Vancouver Island office.

Tyler's priorities include business development, employee engagement, professional development, recruiting, financial management and performance, market identity and public relations. Tyler also takes an active role to ensure that all services offered by Colliers are offered to our clients.

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