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Victoria Industrial Market Report Q4 2020

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research article

The industrial market has seen continued strength in Greater Victoria, contrary to the impacts COVID-19 has had on other commercial real estate asset classes. Quarter-over-quarter we saw a decrease of 0.6% in industrial vacancy to 1.0%.

  • The tightness in the industrial market has created a need for build-to-suit opportunities for those who need to expand their business.
  • The Westshore region continues to lead the way in new construction and absorption. Several projects are being developed and planned for the coming years.

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Victoria Industrial Market Report Q4 2020

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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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