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Greater Toronto Area Industrial Market Report Q2 2020

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  • The GTA industrial market is holding firm despite the dramatic effects COVID-19 is having on the economy and the other real estate sectors.
  • Transaction volumes are noticeably down in both leasing and sales activity this quarter with industrial asking net rents declining slightly to $9.80 PSF. This is the first decrease in GTA rents since 2017.
  • E-commerce shows no signs of slowing down. The likes of Amazon, Walmart and Goodfood have all made major investments recently, looking to further expand distribution channels in the GTA and across Canada.
  • The availability rate in the GTA has risen this quarter to 1.7%, after two consecutive quarters of a 1.1% rate.


Greater Toronto Area Industrial Market Report Q2 2020

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For More Information, Please Contact:

Peter Garrigan

Executive Managing Director | Greater Toronto Area Brokerage

Toronto West

Peter Garrigan is the Executive Managing Director for the Greater Toronto Area Brokerage and National Industrial Brokerage Lead for Canada.

As Exectuive Managing Director, Peter is responsible for helping the growth of all practice groups including Industrial, Office, Investment, Retail and Debt across Downtown Toronto, Toronto West, Toronto North, Burlington, and Kitchener-Waterloo with their respective Managing Directors.

Peter began his real estate career at Colliers in 2004, growing his network as he took on progressive roles within the organization. As the Senior Managing Director, Industrial Practice Group, Toronto Region, Peter empowered, supported, mentored his 60+ advisors to help foster new opportunities with landlords and tenants while growing revenues +130%. He is a big advocate of the tools and integrated services at Colliers, looking at ways to bring the right people together to achieve success for clients and the business.

Peter is one of Colliers’ greatest ambassadors. He cultivates strong relationships with advisors and leaders in real estate across Canada. He has helped recruit over 150+ advisors through his leadership roles, mentored their careers, while growing the business.

On top of his 18 years of commercial real estate experience, Peter has held two-terms as President for the Society of Industrial and Office Realtors (SIOR) Central Canada Chapter and has developed strong ties to the real estate community both locally and nationally.

Peter focuses on maximizing value and minimizing risk by developing unique solutions to achieve clients’ real estate goals. His ability to create relationships with key tenants and landlords has produced many opportunities for his clients.

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