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Waterloo Office Market Report Q3 2021

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research article

Q3 of 2021 has marked the first quarter of positive absorption in Waterloo Region since the start of the pandemic and broken a four quarter streak of negative absorption.

  • Despite the positive absorption, availability saw a quarter over quarter increase of 1%, this could be due to many businesses being hesitant to return to office and pushing their plans to return to the start of 2022.
  • The average net rent continues to grow steadily as the price per square foot for the region increased by $0.10 since Q2 2021 to $15.10.
  • Sub-lease space makes up 22.7% of all available space in Waterloo Region’s office sector, with the majority of space being in the City of Waterloo’s Suburban submarket.


Waterloo Office Market Report Q3 2021

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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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