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.
