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GTA Industrial Market Report Q3 2018

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By Max Shapinko

Key Trends 

  • The GTA’s availability rate decreased to 1.4% in Q3 2018, declining by 94 basis points YoY, reaching historically low levels yet again.
  • Strong tenant demand has pushed rental rates in the GTA to $6.85 per square foot (+10.0% YoY), with the GTA East growing the most at 21.0% YoY from an average asking rent of $5.12 to $6.19 per square foot.
  • The GTA had a net new supply of 277,307 square feet in the third quarter, with almost all of it coming from Mississauga.
  • The largest leasing transaction of Q3 was the Amazon lease of a planned speculative property on Coleraine Drive in Caledon for over one million square feet.
  • The 2018 Q3 average price per square foot of an industrial investment transaction in the GTA was $149.41 per square foot, a decrease of less than one dollar when compared to the same period one year ago.
Toronto Industrial

GTA Industrial Market Report Q3 2018

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For More Information, Please Contact:
Peter Garrigan | Colliers | Toronto West

Peter Garrigan

Senior Managing Director, Industrial | Greater Toronto Area

Toronto West

+1 416 620 2854
+1 416 716 6965
Email

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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Leo Lee | Colliers | Toronto West

Leo Lee

Director, National Research Operations | Canada

Toronto West

+1 416 620 2839
Email

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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