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Dynamic Industrial Market Drives Available Space to Historic Low
Availability Rate In GTA Falls to Historic Low and Asking Rental Rates Edge Upward
The industrial real estate market across most of the GTA was very active over the past two quarters. As a result, the availability rate has reached a historic low of 3.4% despite the 3.3 million square feet of new inventory that was delivered to the marketplace over the past six months. Year over year, the total inventory of industrial space has increased by over 8 million square feet. The GTA's total existing inventory of built space now exceeds 872 million square feet.
NKF Devencore - Greater Toronto Area Year-end 2016 Industrial Market