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Waterloo Industrial Market Report Q1 2021

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research article

The Waterloo industrial market has hit its lowest vacancy rate since 2018 at 2.3%, and continues to see high demand.

  • Industrial supply in the region is unable to keep up with demand. High-quality spaces move quickly, often with multiple offers.
  • Average asking lease rates are being held back by the less desirable, lower quality spaces on the market, with C-class space making up over 60% of the available inventory. 
  • The industrial market will see very strong growth over the next 24 months as anticipated developments by Broccolini, iPort, BentallGreenOak and Crestpoint are set to deliver over 2 million square feet of new supply.




Waterloo Industrial Market Report Q1 2021

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For More Information, Please Contact:

Karl Innanen

Executive Vice President, 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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