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Waterloo Office Market Report Q4 2021

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research article

Q4 of 2021 saw slight negative absorption across the region coming which came completely from the Downtown markets, while suburban markets across the region showed positive absorption.

  • Downtown markets across the region hit an all-time high availability rate of 27%, while suburban markets showed over 130,000 square feet of positive net absorption.
  • The average net rent continues to grow steadily as the price per square foot for the region increased by 200 basis points since the previous year to $15.22.

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Waterloo Office Market Report Q4 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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