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Victoria Industrial Market Report Q2 2021

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research article

The industrial sector remains strong in the Greater Victoria marketplace. The vacancy rate is at an all-time low of 0.4% as demand continues to heavily outpace supply.

  • The average net rental rate is the highest in the country, currently sitting at $15.65 per square foot.
  • Leading the way in new developments are the Westshore jurisdictions of Langford and Colwood which will add over 2.8 million square feet of inventory over the next few years.

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Victoria Industrial Market Report Q2 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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