Most of Canada's Major Industrial Real Estate Markets Forecast to Perform Solidly in 2013
Economic uncertainty continues to exert pressure on investment markets and business activity around the globe, slowing or stalling economic recovery in many local and international markets. The debt crisis in Europe remains unresolved, the U.S. faces the difficult task of negotiating a debt ceiling now that the so-called fiscal cliff has been sidestepped, and consumer confidence levels are shaky at best. The Consumer Board of Canada reported three consecutive months of decline in consumer confidence at the end of 2012.
- Overall Greater Toronto Area (GTA) industrial space availability rate in 5.0% range
- Lease rates under pressure to rise as demand for modern logistics and warehouse space increases
- Our Global Corporate Services Group strengthened with GTA West Office appointment
Demand for Modern Warehousing and Distribution Space Spurs Activity in GTA's Industrial Real Estate Market
The GTA maintains a total built inventory of over 850 million square feet of industrial space. It is the largest industrial market in Canada and the fourth largest in North America.
NKF Devencore, Toronto Industrial Report - Winter 2013