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Waterloo Industrial Market Report Q2 2021

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research article

The Waterloo industrial market has now hit a historic low vacancy rate, reaching an all-time low of 1.3% with no signs of demand slowing in the Region.

  • Industrial supply has been unable to keep up with the high level of demand in the region, leading to an imbalance.
  • Average asking lease rates are continuing to increase but are being held in check by sub-lease space, which now makes up 23% of all vacant space in the region.
  • Construction projects in the Cambridge and Kitchener sub-markets are set to increase the Region’s overall supply by over 2 million square feet, which should help answer the imbalance between supply and demand.

Waterloo Industrial Market Report Q2 2021

Télécharger le rapport
Pour plus d’informations, veuillez contacter:

Karl Innanen

Managing Director, Kitchener | Broker

Waterloo Region

Karl Innanen quickly became a “spokesman” for the investment real estate market in Southwestern Ontario. He was able to dovetail his economics education from the University of Western Ontario with the practical experiences working in the real estate brokerage field since 1990.

Karl’s expertise is in understanding and analyzing clients' needs in relation to the dynamics of the market, and formulating strategies that will enable the client to attain their business goals.

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