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Research

GTA Industrial Market Report Q1 2018

GTA Industrial Market Report Q1 2018

GTA Industrial Market Report Q1 2018
  • The availability rate in the first quarter dropped -31bps QoQ and -95bps YoY reaching 1.70%.
  • Rental rates in the GTA have grown by 9.76% YoY from $5.84 to $6.41 per square foot, with the largest YoY increase experienced in the GTA East.
  • The largest lease transaction of the quarter was a pre-lease deal on 2233 Sheppard Avenue West, totaling 544,000 square feet.
  • There were 110 investment transactions in Q1 grossing over $770 million, resulting in an average price per square foot of $136.38, representing a growth rate of 29% when compared to the same period one year ago.
  • The GTA had net new supply of 1,118,605 square feet of which nearly 900,000 of supply came to GTA West, with the rest attributable to GTA North.

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