As we enter the Fall season, there seems to be hope in the air in Waterloo Region. We have seen a significant increase in the number of people who are fully vaccinated, and now with the vaccine mandates for office and schools, we are hopeful we will not be hurt by a fourth wave!
The Commercial Real Estate Market continues to be strong. Who would have thought Industrial land would be priced at $1M/Acre! The Industrial vacancy rate of 1% has driven the pricing up to these levels.
The new “hybrid office” is about to roll out as people start the return to the office. It has many companies re-assessing their office space needs. Office tours are increasing and we are seeing more offers to lease from companies preparing to welcome back their staff.
The Residential Market continues to be strong with multiple offers and aggressive pricing being the norm.
We are optimistic that life as we remember it is slowly beginning to return. Enjoy this edition of WHITNEY INSITE that gives you a look at what’s happening in Waterloo Region.