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GTA Industrial Market Report Q4 2019

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research article

A theme throughout much of 2019 was the delay in completion of new developments. In Q4, some of these properties came to market, which provided marginal relief to availability.  

Key Findings

  • Net absorption was 3.1 million SF, the highest quarterly level of 2019.
  • 2.8 million SF of new supply came to market, which provided marginal relief to availability.
  • Annual asking net rental rates increased by 30% to $9.44 PSF.

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GTA Industrial Market Report Q4 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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