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Spark Report

Greater Toronto Industrial: All Signs Point North

Greater Toronto Industrial: All Signs Point North

Greater Toronto Industrial: All Signs Point North

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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