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Industrial Market Study - Greater Toronto Area - Spring 2016

GTA Industrial Real Estate Landscape

In the first few months of 2016, Canada's economy continued to be challenged by global oil prices that have plummeted to historic lows and a currency that has declined significantly against the US dollar. Those provinces whose life-blood is the oil industry-Alberta, Newfoundland and Labrador, and Saskatchewan to a somewhat lesser degree-are suffering these circumstances most sharply. Some economists foresee the Alberta and Newfoundland and Labrador economies shrinking in 2016 (for the second consecutive year) and unemployment rates continuing to escalate.

Highlights

  • Overall Greater Toronto Area (GTA) availability rate drops to 4.0%
  • Industrial development boom in GTA West continues
  • Tightening market may spur increase in rental rates for Class "A" distribution space

 

Industrial Market Overview

The GTA has a total building inventory of approximately 867 million square feet distributed amongst approximately 17,000 buildings. In the GTA as a whole, the overall availability rate currently stands at a 4.0%, down from 4.5% at the same time last year and as low as it has been for the past few years.

 

NKF Devencore, Industrial Market Study - Greater Toronto Area - Spring 2016

 



Industrial Market Study - Greater Toronto Area - Spring 2016
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