URBANICS
Urbanics conducts an annual analysis of industrial real estate conditions in Nanaimo and Mid-Vancouver Island, examining key indicators including vacancy rates, asking rents, new supply, development activity, land values, and major investment transactions. The research covers Nanaimo and surrounding Mid-Island markets, providing a comprehensive picture of changing industrial market conditions.
The 2025 analysis identified a particularly tight industrial market, with overall Mid-Island vacancy declining to below 1% and limited new supply expected to keep availability constrained. The research also highlighted continued upward pressure on rents and land values, strong demand for well-located industrial properties, and significant industrial sales activity across the region. The annual report provides property owners, investors, developers, and other market participants with current, locally grounded intelligence to support real estate and investment decisions.