| |
|
Victoria has experienced rapid appreciation in all areas of the industrial market segment. Tenants who 5 years ago were paying $8.00 per square foot, are now facing net rental rates of $13.00 to $14.00 per square foot. Land owners in Victoria’s suburbs have seen property values double to $30.00 per square foot over the same period. Building values have reached $200.00 per square foot that just 5 years ago were $120.00 per square foot or less.
All of these scenarios have been fueled by Victoria’s limited supply of industrial land and sustained record low vacancy rates.
Contact Alessandro Roethel at 250.388.6454 for more information.
  2008 Victoria Industrial Report.pdf
Email Report Link To Your Friend
|
|