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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

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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