The e-commerce sector is thriving. Major retailers have been upping the ante to fulfill customers’ expectations as some are shifting towards a same-day delivery option as the new norm.
- Better serving the last mile has spurred on major investments from the likes of Purolator who have announced the construction of a $330 million, 430,000 SF national "super hub" in the Central GTA.
- Availability rate has been at an all time low over the past year. While the rate of decline has shown signs of levelling off this quarter, tenants are still considering making lower quality space fit their existing requirements.
- New supply expected this quarter (around 1.2 million SF) was pushed out to the second half of the year. This has resulted in 90,710 SF of net absorption in Q2 2019.
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