The Greater Toronto area's industrial inventory is the fifth-largest between Canada and the United States. Here are a few highlights from our recent Spark Report:
- Industrial vacancy rate is the lowest out of all the major American industrial markets, nearly 200 basis points lower than the second lowest market.
- Average asking net rent, when converted to USD, is among the lower end of its peer group. However, both its one-year and two-year rental growth increases are among the highest.
- Construction as a percentage of inventory is quite low, when compared to major American markets.
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