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Research

Toronto Industrial Market Report Q1 2017

Toronto Industrial Market Report Q1 2017

Toronto Industrial Market Report Q1 2017

The Greater Toronto Area (GTA) industrial market is experiencing steady tenant demand and the availability rate remains among the lowest in North America at 2.7% in Q1 2017.

  • The GTA West market experienced the highest positive absorption, as approximately 1 million square feet of industrial space was occupied
  • The availability rate within the GTA North market remains very low at 2.5%
  • A total of 1,721,073 square feet of new supply was introduced to the market this quarter, mostly in GTA West, with the reminder in GTA North
  • The overall average sales price per square foot for industrial buildings purchased in GTA this quarter was $159, a 73% increase from $92.18 in Q1 2016 

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