GTA Industrial Market Report Q4 2019

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research article

A theme throughout much of 2019 was the delay in completion of new developments. In Q4, some of these properties came to market, which provided marginal relief to availability.  

Key Findings

  • Net absorption was 3.1 million SF, the highest quarterly level of 2019.
  • 2.8 million SF of new supply came to market, which provided marginal relief to availability.
  • Annual asking net rental rates increased by 30% to $9.44 PSF.

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GTA Industrial Market Report Q4 2019

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Leo Lee

Regional Director - Research Eastern Canada

Toronto West

Leo is the Regional Director of Research for Eastern Canada and oversees the delivery of Colliers research reports and consultancy services. He plays a key role in the senior leadership and operation of the research business in Canada.  

He joined Colliers International in 2008, most recently as the Research Manager in New Zealand. He draws on his professional experience as a commercial appraiser and real estate consultant to provide valuable market insights and strategic advice for clients and professionals across the Colliers service lines.    

He is committed to addressing the needs of clients who are making real estate decisions by providing business intelligence solutions through leveraging the use of data and technology using Colliers’ platforms.

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Max Shapinko

Research Analyst

Toronto North

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