Q1 2021 Industrial Market Update - Presented by: John Whitney Michael Lambert Richie Evanoff Joe Anstett - Whitney Commercial Real ...
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Q1 2021 Industrial Market Update Presented by: John Whitney Michael Lambert Richie Evanoff Joe Anstett
Q1 Market Update - Continued Acceleration
As we close in on the end of Q1 we have seen sustained growth in asking rental rates and sale prices. Waterloo has seen the value of
its industrial land creep toward the $1M/Acre mark and net lease rates are reaching double-digit figures. As long as construction costs
continue to climb, land remains scare and interest rates low, we expect to see these trends to continue into Q2-Q3.
The Industrial Market has proven to not only be resilient to the pandemic but has been driven by it.
Michael Lambert - Team Lead
Current Client Requirements
PURCHASE/LEASE MIN SF MAX SF OCCUPANCY LOCATION TERM LENGTH USE
Lease 4,500 7,000 6-12 Months Kitchener/Waterloo 3-5 Years Printing
Lease 40,000 60,000 Immediate Kitchener/Waterloo 10 Years Advanced Manufacturing
Lease 8,000 10,000 1-6 Months Waterloo 10 Years Auto Parts Wholesaler
Lease 20,000 30,000 Immediate Kitchener/Waterloo 3-7 Years Warehouse with Outdoor Storage
Purchase 3,000 5,000 Flexible Waterloo Region N/A Contracting
Purchase 8,000 12,000 Flexible Waterloo Region N/A Warehouse with Outdoor Storage
Purchase 1,500 3,500 Flexible Waterloo Region N/A Flex/Industrial
Purchase 5,000 10,000 Immediate Kitchener/Waterloo N/A Automotive
Purchase 5,000 10,000 1-6 Months Kitchener/Waterloo N/A Doctor
Purchase 20,000 30,000 Flexible Waterloo Region N/A Construction
Purchase 1 Acre 2 Acres Flexible Waterloo Region N/A Outdoor Storage
Purchase 3 Acres 6 Acres Flexible Waterloo Region N/A Outdoor Storage
Purchase/Lease 15,000 20,000 Flexible Waterloo/Guelph 5 Years Advanced Manufacturing
Purchase/Lease 8,000 12,000 Flexible Waterloo Region 3-5 Years Warehouse
Purchase/Lease 12,000 16,000 Flexible Waterloo Region 2-4 Years Manufacturing/Warehousing
Purchase/Lease 50,000 70,000 Immediate Kitchener 5-10 Years Manufacturing
NEW PROPERTIES IN 2021
Total 2,515 SF / 2.006 Acres Total 9,966 SF / 0.765 Acres
Loading Drive-in Loading Drive-in
Corner lot with high exposure Industrial building with 47 self
Other Other
and outdoor signage storage units
FOR SALE | 650 Weber St N, Waterloo | $2,250,000 FOR SALE | 278 Woolwich St S, Breslau | $1,950,000
Total 3,400 SF / 0.63 Acres Land Area 9.00 Acres
Loading Drive-in Zoning M-4
Automotive sales and service Vacant industrial development
Other Other
shop land
FOR SALE | 338 Mill St, Kitchener | $1,750,000 FOR SALE | 41 Ardelt Pl, Kitchener | Call for details
OTHER AVAILABILITIES
Total SF 16,628 SF Total SF 6,000 SF
Loading Dock and drive-in Loading Dock and drive-in
Clear Clear
11’10” - 14’ 16’
Height Height
FOR LEASE | 35 Union St, Elmira | $6.50/SF NET FOR LEASE | 8 Sereda Rd, Kitchener | $6.50/SF NET
CONDITIONALLY SOLD
Total 8,774 SF / 1.27 Acres Total 10,125 SF / 1.91 Acres
Loading Drive-in Loading Dock and drive-in
High exposure onto Northfield
Zoning E-3, allows outdoor storage Other
Drive
UNDER CONTRACT | 99 Northland Rd, Waterloo UNDER CONTRACT | 235 Frobisher Dr, Waterloo
TRANSACTIONS COMPLETED IN 2021
Total SF 2,908 SF Total SF 3,562 SF
Loading Drive-in Loading Drive-in
Clear Temperature controlled
17’ Other
Height advanced manufacturing unit
LEASED | Unit 4-5, 100 Rankin St, Waterloo LEASED | Unit B, 75 Bathurst Dr, Waterloo
Total SF 3,264 SF Total SF 4,874 SF
Loading Drive-in Loading Dock
Clear Clear
16’6” 16’
Height Height
LEASED | Unit 5, 350 Shirley Ave, Kitchener LEASED | Unit 2, 500 Dotzert Crt, Waterloo
Total SF 2,433 SF Unit A22-23
Total SF 3,600 SF
Loading Drive-in Loading Drive-in
Clear
13’10” Other Flex industrial unit
Height
LEASED | Unit A19, 550 Parkside Dr, Waterloo LEASED | Unit A22-23, 550 Parkside Dr, Waterloo
Total SF 35,317 SF Total SF 3,425 SF
Clear
Loading Dock 9’
Height
Clear
10’ Other Flex industrial unit
Height
LEASED | 525 Conestogo Rd, Waterloo LEASED | Unit B3-4, 550 Parkside Dr, Waterloo
Why Choose
WHITNEY & Company?
Working with WHITNEY & Company
100+
For over 100 years, WHITNEY & Company has been providing real estate services to our community
and beyond. We are locally owned and operated and based in Waterloo, Ontario. Our strong
industry knowledge and exemplary customer service is backed by long-term client commitment. 100+ Years of Expertise
WHITNEY & Company is a connected Team that values communication and works hard to deliver top
results.
Our roots are in the Waterloo Region and our reputation withstands the test of time.
What WHITNEY & Company Can Do For You! History of Success
Complimentary Opinion of Value
If you do not have a recent Opinion of Value for your property, contact one of our team members.
Status Reports
Proactive target marketing and constant communication with the Owner is the cornerstone of
executing our marketing plan. Every 30 days, WHITNEY & Company provides clients with a Status
Report to review our marketing efforts. These Status Reports include: Dedicated Team
▪ Written report and a meeting to review the activity
▪ A detailed review of the prospect list, including those who viewed the property information and
follow up phone calls
▪ What interest has been expressed in the availabilities
▪ Who has toured the property
▪ What the comments or reactions were to the offering
Strong Partnerships
▪ Information on similar properties that have come to the market or any comparable completed
Leases or Sales that have occurred
▪ Propose what our plan is for the next 30 days of the marketing campaign
Target Marketing
Dedicated Professionals Delivering Results
John Whitney, SIOR | Broker of Record, CEO
John Whitney is a 4th generation Whitney Realtor with strong local expertise specializing in Industrial, Commercial and Investment Real Estate in
the Region of Waterloo. After graduating from Wilfrid Laurier University with an honours degree in Urban Geography and Planning, he joined the
family business in 1975. Currently he leads an experienced team of professional agents and personally handles major real estate transactions across
the Region. John has been involved in all facets of Industrial/Commercial Real Estate. He was a founding member of Communitech and served as
Chairman for 10 years.
john.whitney@whitneyre.com | 519.590.0416
Michael Lambert | Sales Representative, 2x Olympian
Michaels’ background is in competitive sport, representing Canada in 2 Olympic games; Vancouver 2010 and Sochi 2014. Michael brings the work
ethic, focus and determination from his athletic career to the table for his clients. Always focused on the process and never the outcome, Michael is
accountable, reliable and believes in working harder than the next person. Under the mentorship of John Whitney, Michael specializes in Investment
Sales, Industrial Sales/Leasing and Land Development.
michael.lambert@whitneyre.com | 519.590.0286
Richie Evanoff | Sales Representative
Richie joined WHITNEY & Company in 2018 after competing as a World Cup Snowboard Athlete and Coach for 10 years. His exceptional work ethic and
mindset have allowed him to progress quickly within the company and also in the commercial real estate industry. Richie is WHITNEY & Company’s
Industrial/Investment/Institutional team lead for managing target marketing campaigns and prospecting efforts.
richie.evanoff@whitneyre.com | 226.752.7197
Joe Anstett | Sales Representative
Joe comes to WHITNEY & Company after working for Auburn Developments as a Leasing Agent, at their Barrel Yards Development in Uptown
Waterloo, consisting of multiple residential towers, hotel and office building. Joe received his education from Adrian College, in Michigan, where he
was Captain of the Men’s Hockey Team and received a double Degree in Business Administration and Interior Design.
Joe offers professional first class advisory services for Industrial, Office and Investment Assets. He works in partnership with John Whitney, Michael
Lambert and Richie Evanoff. Joe is part of the newest and latest when it comes to Commercial Real Estate in South Western Ontario.
joe.anstett@whitneyre.com | 519.721.1659
WHITNEY & Company Realty Ltd. Brokerage | 103 Bauer Place, Suite 2 | Waterloo, Ontario | N2L 6B5
www.whitneyre.com | 519.746.6300
Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, or other changes without notice and should not be relied upon without
independent verification. These statements are not guarantees of future performance and undue reliance should not be placed on them. WHITNEY & Company Realty Limited Brokerage © 04/2021
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