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Waterloo Industrial Market Report Q3 2020

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research article

This quarter, the Waterloo Region industrial market saw positive absorption of 576k square feet, with availability coming back down to 2.6% after an increase last quarter.

  • Availability dropped to 0.9% for Class A space.
  • Kitchener, Waterloo and Cambridge have seen rental growth upwards of 18% year-over-year since Q3 2019, as landlords hold firm to pre-COVID pricing despite uncertainty.
  • Speculative developers remain cautious, and with limited construction activity, we have seen little relief to the supply challenges the market has faced throughout 2020.

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Waterloo Industrial Market Report Q3 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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