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Waterloo Industrial Market Report Q4 2020

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research article

Despite seeing negative absorption this quarter, lease rates continue to climb in the Waterloo region, with a 4.2% year-over-year increase in average asking net rent recorded, now measured at $6.89 per square foot.

  • A lack of supply continues to place pressure and drive lease rates and sale prices in an upward trend.
  • Economic indicators and market fundamentals paint a picture of ‘more of the same’ for the next two quarters, with demand remaining strong across most sizes and classes of space.  
 

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Waterloo Industrial Market Report Q4 2020

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For More Information, Please Contact:

Karl Innanen

Managing Director, Broker

Waterloo Region

Karl Innanen quickly became a “spokesman” for the investment real estate market in Southwestern Ontario. He was able to dovetail his economics education from the University of Western Ontario with the practical experiences working in the real estate brokerage field since 1990.

Karl’s expertise is in understanding and analyzing clients' needs in relation to the dynamics of the market, and formulating strategies that will enable the client to attain their business goals.

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