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Waterloo Industrial Market Report Q3 2021

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research article

Waterloo Region’s industrial market as vacancy fell to 0.9% this quarter, dropping by 30 basis points since the previous quarter. This makes Waterloo Region one of the tightest industrial markets in Canada.

  • Lease rates and sale prices continue to achieve record highs with some transactions showing over $11.00 per square foot and $280 per square foot respectively.
  • Based on the current rate of absorption, supply is expected to not be able to keep up with the level of demand in the medium term.
 

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Waterloo Industrial Market Report Q3 2021

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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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