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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