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Victoria Industrial Market Report Q2 2023

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research article
  • Greater Victoria’s industrial vacancy is 0.1%. This is the lowest in the country as it waits for new inventory to arrive.
  • Perpetually limited supply has continued to drive rental rates higher, with net rent averaging $18.98 per square foot for Q2.
  • Victoria’s average asking rent remains the second highest in country, just behind Vancouver’s $22.05 per square foot. Colliers anticipates that this rental rate appreciation will continue throughout 2023, but at reduced speeds compared to previous quarters.

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Victoria Industrial Market Report Q2 2023

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Pour plus d’informations, veuillez contacter:

Tyler Dolan

Managing Director | Vancouver Island

Victoria

As Managing Director, Tyler is responsible for execution of Colliers business strategy on Vancouver Island.  Tyler has and has been active in the commercial real estate industry since 2001, and spent the majority of his career in both real estate and commercial finance with major financial institutions. In May 2018, Tyler assumed the role of Managing Director for the Colliers Vancouver Island office.

Tyler's priorities include business development, employee engagement, professional development, recruiting, financial management and performance, market identity and public relations. Tyler also takes an active role to ensure that all services offered by Colliers are offered to our clients.

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Adam Jacobs

Head of Research | Canada

Toronto Downtown

Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. 

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