GTA Industrial Spark Report: Toronto Strategy Last Mile

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This Colliers International Spark Report presents an overview of the complexities and benefits of the current supply of highway infrastructure and its relationship with industrial real estate in the Greater Toronto Area.

  • The demand for industrial real estate within driving distance to highway infrastructure in Toronto is far outpacing the total supply.  
  • Companies are continuing to strategically reduce their “last mile” costs to keep up with the multifaceted delivery requirements of their customers. 
  • Since transportation is the highest supply chain cost for last mile delivery, access to efficient highway infrastructure is a paramount consideration for companies.
  • Proximity to highway infrastructure can reduce transportation costs, leading to lower vacancy and increased rental rates for efficient, highway-accessible industrial buildings. 
  • Companies locating in Toronto must look beyond the real estate costs of an industrial building and assess the transportation costs associated with selecting a site.
  • Toronto has a drastically lower supply of total highway infrastructure than most of its North American peers. Canadian regions, particularly Toronto and Vancouver, are currently undersupplied with regards to their highway infrastructure.

Spark_TorontoLastMile

GTA Industrial Spark Report: Toronto Strategy Last Mile

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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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