Canadian Industrial Labour Trends: What They Mean for Waterloo Region

Cushman & Wakefield’s latest Canadian Industrial Labour Report takes a closer look at how labour market trends are shaping industrial real estate across the country—and right here in Waterloo Region.

With Canada’s labour force growing nearly 8% in just three years, strong population gains and post-pandemic demand triggered a boom in e-commerce, logistics, and manufacturing activity. In many major markets—including ours—vacancy rates hit historic lows and new industrial construction surged to meet demand.

Now, as the market begins to stabilize, Waterloo Region finds itself in a more balanced position. While demand remains steady, new supply has tapered off, and employers are more focused on labour access, site efficiency, and long-term resilience.

Local Outlook:

Waterloo Region remains a strategic hub for industrial occupiers thanks to our:

• Access to a skilled and growing labour pool
• Strong transportation infrastructure
• Diversifying industrial base in tech, manufacturing, and distribution

Explore the full national report for insights on how industrial labour and space trends are intersecting across Canada: View Canadian Industrial Labour Report