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Victoria Industrial Market Report Q3 2019

research article

Industrial vacancy reaches decade lows with no availability of space in Esquimalt and Westshore regions. Rental rates continue to feel upwards pressure with lack of supply while the market awaits completion of new inventory. 

  • Average net rental rates are sitting at $15 per square foot for the Greater Victoria region.
  • Forecasts expect vacancy to continue declining for the foreseeable quarters until new supply reaches the market. 


For More Information, Please Contact:

Tyler Dolan

Managing Director, Vancouver Island and Okanagan


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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