Greater Toronto Area Industrial Market Report Q2 2020

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  • The GTA industrial market is holding firm despite the dramatic effects COVID-19 is having on the economy and the other real estate sectors.
  • Transaction volumes are noticeably down in both leasing and sales activity this quarter with industrial asking net rents declining slightly to $9.80 PSF. This is the first decrease in GTA rents since 2017.
  • E-commerce shows no signs of slowing down. The likes of Amazon, Walmart and Goodfood have all made major investments recently, looking to further expand distribution channels in the GTA and across Canada.
  • The availability rate in the GTA has risen this quarter to 1.7%, after two consecutive quarters of a 1.1% rate.

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Greater Toronto Area Industrial Market Report Q2 2020

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For More Information, Please Contact:

Peter Garrigan

Managing Director, Industrial, Toronto Region

Toronto West

Peter is committed to accelerating the success of clients by leveraging market knowledge to forge new paths in the industrial Real Estate industry and create connections between landlords and investors and landlords and tenants.  Peter focuses on maximizing value and minimizing risk by developing unique solutions to achieve clients’ real estate goals.

Peter has maximized returns and minimized risk for many large landlords by effectively targeting and securing key tenants.  His strong personable character has enabled him to develop a network of business owners/tenants within the GTA.

Peter’s ability to create relationships with key tenants and landlords has produced many opportunities for his clients.

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