The industrial sector remains strong in the Greater Victoria marketplace. The vacancy rate is at an all-time low of 0.4% as demand continues to heavily outpace supply.
- The average net rental rate is the highest in the country, currently sitting at $15.65 per square foot.
- Leading the way in new developments are the Westshore jurisdictions of Langford and Colwood which will add over 2.8 million square feet of inventory over the next few years.