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Waterloo Office Market Report Q3 2022

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research article

The summer months in Waterloo Region have seen an uptick in touring activity for office spaces and increased interest from prospective users.

  • Growth in asking net rental rates has been steady for the overall Region, but has been most strongly exhibited in Kitchener's Downtown market and Cambridge's Suburban market.
  • While the availability rate has not reached its pre-pandemic level, it does fall in line with numbers seen over the latter half of 2020, closer to the initial onset of Covid and the subsequent rise of the work-from-home model.
  • On the investment side, price per square foot values have decreased year-over-year by 6.6% but they have increased by 9.5% quarter-over-quarter, with the number of completed transactions increasing from Q2.

Waterloo Office Market Report Q3 2022

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Pour plus d’informations, veuillez contacter:

Peter Garrigan

Managing Director, Industrial Practice Group, Toronto Region

Toronto West

Peter is committed to accelerating the success of clients by leveraging market knowledge to forge new paths in the industrial Real Estate industry and create connections between landlords and investors and landlords and tenants.  Peter focuses on maximizing value and minimizing risk by developing unique solutions to achieve clients’ real estate goals.

Peter has maximized returns and minimized risk for many large landlords by effectively targeting and securing key tenants.  His strong personable character has enabled him to develop a network of business owners/tenants within the GTA.

Peter’s ability to create relationships with key tenants and landlords has produced many opportunities for his clients.

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Adam Jacobs

Senior National Director, 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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