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In Waterloo Region, both the Industrial and Office markets have been driven mostly by Owner-Occupier transactions. Scarcity of land, high development charges and construction costs are fueling industrial re-sales, and A-Class office buildings are proving their resilience with several large notable sales in the area.
The Industrial market has remained resilient overall, however we are starting to see separation between the various sectors. Read the report to learn more about the state of the Industrial market in Waterloo Region, recent transaction highlights and what’s on the market.
Quality office buildings are still commanding strong interest with some notable sale activity, however leases of +20K SF floor plates face a limited Tenant pool. Read the report to learn more about the state of the Office market in Waterloo Region, recent transaction highlights and what’s on the market.
The commercial real estate market showed continued resilience in 2023. The industrial market continues to lead the way in Waterloo Region. Land is selling, buildings are leasing and more are being built. There has been positive movement in the office market for the first time in years and the investment market is surprisingly strong against rising interest rates.
Read our report for more insights on commercial real estate in Waterloo Region.
WHITNEY Insite is a monthly LinkedIn newsletter that provides insights on commercial real estate in Waterloo Region.
Subscribe on LinkedInWHITNEY & Company’s long-standing presence in commercial real estate is a testament to our expertise and commitment to the industry. Over the course of more than a century, we have developed and maintained strong connections within Waterloo Region, Southwestern Ontario and beyond. We provide a client-centric approach to real estate services, ensuring our clients receive tailored solutions, helping them navigate the complexities of the commercial real estate market.
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