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Research

Victoria Industrial Market Report Q2 2019

Victoria Industrial Market Report Q2 2019

Victoria Industrial Market Report Q2 2019

Greater Victoria reaches decade lows for industrial vacancy. Strong market demand results in rapid appreciation of land value, building values, and unprecedented rental rates. 

  • Westshore, Esquimalt and other sub-markets are operating nearly at full occupancy. 
  • Industrial business park tenants are growing at vast rates with no room for expansion.
  • With majority of new supply planned for the Westshore region, it is expected to become the third largest industrial sub-market. 

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