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London Industrial Market Report Q1 2023

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research article
With the current situation of inadequate available space, availability decreased 50 basis points (bps) Year-over-Year to 0.6% this quarter. Not surprisingly, the asking rental rate continues to rise to $9.92 per square feet, an increase of 33.6% YoY. The average sale price has decreased to $177 per square feet; but we are still seeing an increase of 65% YoY.

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London Industrial Market Report Q1 2023

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Chris Kirwin

President | Broker of Record

London

Since Chris began selling real estate in 1989, he has achieved various designations including Broker of Record, AACI, CRA & SIOR.    From 1997 to 2005 Chris was President of Kirwin & Associates, a real estate brokerage & appraisal firm with offices in London & Kitchener, Ontario. In 2005 Chris brought Colliers International to London, Ontario and focused solely on real estate brokerage. Chris' background in commercial & industrial appraisals provides him with the unique ability to understand the complexities of all investment properties.  Chris specializes in the sales of investment properties (mulit family, retirement, commercial & industrial).   Colliers International London Ontario provides full real estate brokerage coverage thoughout Southwestern Ontario. 

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Matt Chambers

Vice President | Sales Representative

London

Matt specializes in acquisitions, dispositions and leasing of industrial, warehouse/logistics and investment properties. Matt assists his clients with site selection, real estate knowledge and creating transactions. His specializations include real estate marketing and deal negotiating. Matt has been a relied upon expert to many local, national and international corporations in a wide variety of fields. He strives to produce results for his clients with dependable, goal oriented strategies.

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Bryan VanAcker

Associate Vice President | Sales Representative

London

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David Leeming

Senior Vice President | Sales Representative

Collingwood

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