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 industrial 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. 

Victoria Industrial Market Report Q2 2019