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Victoria Industrial Market Report Q4 2019

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research article
By Tyler Dolan

Greater Victoria industrial vacancy remains below 1%. Major business parks are at capacity as tenants find limited options for relocation and expansion limiting growth opportunities.

  • Demand and supply imbalances exert upward pressure on rental rates to unprecedented levels.
  • Vacancy will remain stable at below 1% until new supply reaches the market. 
  • The Allandale Lands are a landmark development in the Westshore region providing 225,000 sf of industrial strata space for lease and sale over a number of phases. This is expected to temporarily ease the downward pressure on the vacancy rate. 
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Victoria Industrial Market Report Q4 2019

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For More Information, Please Contact:
Tyler Dolan | Colliers | Victoria

Tyler Dolan

Managing Director, Vancouver Island and Okanagan

Victoria

+1 250 414 8388
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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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