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GTA Industrial Market Report Q2 2019

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research article

The e-commerce sector is thriving. Major retailers have been upping the ante to fulfill customers’ expectations, as some are, shifting towards same-day delivery option as the new norm. 

  • Better serving the last mile has spurred on major investments from the likes of Purolator, who have announced the construction of a $330 million, 430,000 SF national "super hub" in Central GTA.
  • Availability rate has been at historically low levels over the past year. While the rate of decline has shown signs of levelling off this quarter, tenants are still considering making lower quality space fit their existing requirements.
  • New supply expected this quarter (around 1.2 million SF) was pushed out to the second half of the year. This has resulted in 90,710 SF of net absorption in Q2 2019.

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GTA Industrial Market Report Q2 2019

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For More Information, Please Contact:

Leo Lee

Director, National Research Operations | Canada

Toronto West

Leo Lee is the Director of National Research Operations | Canada and oversees the strategic direction and operations of Colliers Canada Research. He focuses on developing the capabilities of the national research team that leverages Colliers' best-in-class market intelligence and platforms to provide clients with valuable market insights.

Leo joined Colliers International in 2008 and was most recently the Regional Director of Research for Eastern Canada.

He has over 10 years of experience in the real estate market across Canada and New Zealand and draws on his professional experience as a commercial appraiser and real estate consultant.

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Max Shapinko

Research Analyst

Toronto North

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