Insider Report: Q2 2018 Industrial Real Estate
Juana Ross • 8/21/2018
Greater Toronto Area (GTA) industrial real estate is in one of the most intense, long-run cycles ever. Vacancy is at historic lows while demand remains red hot.
Now at 2.1%, for a market of more than 760 million square feet, this is nothing short of astounding for North America’s third largest market – and there’s no sign of easing demand. Nine years into the boom-cycle and demand is relentless, rents are soaring, and supply can’t keep up. In the GTA West – the distribution hub of Canada – vacancy in Mississauga and Brampton fell to historical lows of 1.4% and 0.8% respectively.