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Research

Toronto Industrial Market Report Q2 2017

Toronto Industrial Market Report Q2 2017

Toronto Industrial Market Report Q2 2017

Tenant demand remained steady this quarter as the availability rate in the GTA was unchanged at 2.7%

  • The GTA West market experienced the highest positive absorption, as 396,518 square feet of industrial space was occupied
  • A total of 2,534,996 square feet of new supply was introduced to the market this quarter, all in the GTA West
  • The overall average sales prices per square foot for industrial buildings purchased in the GTA this quarter was $135.76, a 42% increase from $95.41 in Q2 2016
  • The availability rate within the GTA Central market remains low at 1.7%

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