The Waterloo Industrial has once again hit an all time record low vacancy rate and record high average asking net rent rates.
- The industrial market has reached a record high average asking net lease rate, at $10.15 per square foot.
- Industrial vacancy fell to an all time low of 0.5%, a 150 basis point decrease since the previous year.
- Demand continues to outpace supply across the region due to the “spillover effect” from the GTA market.
