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Research

Waterloo Region Office Market Report Q3 2018

Waterloo Region Office Market Report Q3 2018

Waterloo Region Office Market Report Q3 2018
  • The Waterloo Region office market remains stable and consistent: the weighted asking net rent continues to be within the $13.95 to $14.50 per square foot range.

  • Regional absorption is positive for the fifth consecutive quarter and vacancy continues to decline.

  • In Waterloo, the suburban market is becoming categorically divided into buildings serviced by the new light rail transit system and those that are not.

  • In Kitchener, a number of existing office towers are undergoing or will soon be going through major renovations.

  • Office vacancy in Cambridge remains the lowest in the Region; new proposed developments are being offered.

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For more information, please contact

Karl Innanen

Karl Innanen

Managing Director, Kitchener | Broker
Office:
Dir:
+1 519 904 7005
Mob:
+1 519 241 4151
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