Of the seven markets covered in our latest U.S. update, a total of 1.2 GW is under construction, assisting with new supply to ease local area pressure. The investment market remains very strong, with several large portfolio, M&A, and individual asset deals as new and current investors snap up all they can find.
As for Canadian markets, the story remains constant, with Toronto of continued interest by occupiers and Montreal still suffering from an overhang of vacancy that is getting absorbed very slowly.
Key markets featured in this report include:
- Northern Virginia
- Silicon Valley