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. 


GTA Industrial Market Report Q3 2019

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Leo Lee

Director, National Research Operations | Canada

Toronto West

Leo is the Regional Director of Research for Eastern Canada and oversees the delivery of Colliers research reports and consultancy services. He plays a key role in the senior leadership and operation of the research business in Canada.  

He joined Colliers International in 2008, most recently as the Research Manager in New Zealand. He draws on his professional experience as a commercial appraiser and real estate consultant to provide valuable market insights and strategic advice for clients and professionals across the Colliers service lines.    

He is committed to addressing the needs of clients who are making real estate decisions by providing business intelligence solutions through leveraging the use of data and technology using Colliers’ platforms.

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Max Shapinko

Research Analyst

Toronto North

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