The Greater Toronto Area (GTA) industrial market maintained similar metrics from the previous quarter with overall market vacancy remaining at 1.0% and average net asking rent once again surpassing the double-digit mark at $10.08. With COVIDI19’s impact felt by all in the commercial real estate sector, the GTA industrial market closed out the year as the dominant asset type. While
record-setting levels of construction did its best to satisfy rapid demand from e-commerce and logistic sectors, online shopping spurred by the pandemic has created even more stress on warehouse and distribution supply.
record-setting levels of construction did its best to satisfy rapid demand from e-commerce and logistic sectors, online shopping spurred by the pandemic has created even more stress on warehouse and distribution supply.
Looking towards the new year, tenants will watch Ontario’s roll-out of vaccinations as a key indicator for market stabilization.
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