Q4 National Market Snapshot 2020

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COVID-19 continues to impact the Canadian commercial real estate industry, although Q4 2020 has brought good news on the vaccine front. Wide distribution of the vaccine in the first half of 2021 may remove some of the overall economic uncertainty, but we are not in the clear yet and some asset types will take longer to rebound than others. 

Colliers Canada is pleased to present our 2020 Q4 National Market Snapshot, with national statistics and regional market insights including vacancy rates and average net asking rents for office and industrial fundamentals in 11 key markets across Canada. 

Key findings from the report include:

One in 10 offices in Canada were vacant in Q4;
The average asking rent price for offices in Q4 2020 was the highest since the same period in 2019, reaching a high of $17.72 per square foot;
The Canadian industrial market remains stable with an average vacancy rate of 2.2% across the country

Download the full report for more insights.

View the official News Release here.

 

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Q4 National Market Snapshot 2020

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For More Information, Please Contact:

Roelof van Dijk

Senior Director, National Research & Analytics | Canada

Toronto Downtown

As Senior Director, Research & Analytics | Canada, Roelof leads the strategy and operation of Colliers Canada Research, delivering market intelligence initiatives that give Colliers and its clients a competitive advantage. He focuses on developing a high-performance national research team that leverages Colliers’ best-in-class market intelligence to produce relevant insights on local and national market and industry trends that inform client decisions, address market needs and support Colliers’ growth strategies.

Roelof has 15 years of experience covering the Canadian commercial real estate market. Prior to his career in commercial real estate, he also worked as a project manager and urban planning consultant for residential developers across the Greater Toronto Area.

Roelof is regularly cited in national publications, such as The Globe & Mail, CBC News, Bloomberg, Reuters, Maclean’s Magazine and the National Post, as well as in local outlets across Canada.

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