National Industrial Dashboard Population Under 1M Q1 2018
- The Waterloo Region, Winnipeg, the Thompson Okanagan Region and Victoria all have industrial vacancy rates of 3.0% or below.
- Absorption for the seven markets with populations less than 1M is 1,364,800 SF for Q1.
- Annualized occupancy growth in these markets is 2.74% in the past Quarter and 2.25% for the past twelve months, more than twice that seen for the markets over 1M in population.
- There are only 753,415 SF under construction in these markets, but the last quarter absorption is almost double that.