Canadian Industrial Real Estate Report: Q4 2018
Canadian industrial real estate markets are undergoing transformational change in response to the rise in e-commerce, driving unprecedented growth across key gateway markets. The result is historically low availability rates and rising rental rate pressure.
Vancouver and Montreal are also feeling the heat, with strong demand against a limited supply response. Space shortages and upward rental rate pressure are challenging tenants as they approach their lease expiry within what has become the strongest landlord market in history. This change is driving unprecedented growth across gateway markets such as Vancouver, Toronto and Montreal and has driven availability rates to record lows and rental rate pressure to historic highs.
It’s hard to remember now, but prior to COVID-19 there were signs of an impending recession in Canada.Adam Jacobs • 8/6/2021