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GTA Industrial Market Report Q3 2019

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research article

Key themes this quarter include slower than expected new supply deliveries and landlords showing interest in expanding their footprint in tertiary municipalities.

  • Construction delays continue in the GTA, and as a result, new supply in Q3 was 1.7 million SF short of expectations.
  • Vacancy is either 0% or close to 0% in many submarkets and Q3 year-over-year asking net rent growth was in excess of 30%.
  • Availability of developable land is decreasing leading developers to move into tertiary markets in the Greater Golden Horseshoe to undertake new projects. 


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GTA Industrial Market Report Q3 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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