Skip to main content Skip to footer

Industrial Tenant Survey Report: Where do we grow from here?

Download Report
Website hero image
Over the past year, Colliers Real Estate Management Services has published a series of reports to provide our clients with unique insights on the recovery of office, retail, and industrial assets. 

Where do we grow from here? is the third installment in our series on how the pandemic has affected industrial assets and what to expect in the years ahead. We surveyed a diverse array of tenants across our 16 million square foot national industrial portfolio. 

Key takeaways:

Industrial lease rates are expected to increase over the next three years, yet the net rate of growth could decline depending on how tenants respond. For 58% of tenants, affordable lease rates are more important now than before the pandemic.

62% of tenants would consider moving locations in response to increasing lease rates. The vast majority (85%) of those tenants say they would move to a more affordable suburb, with no desire to relocate to a new province.

E-commerce is expected to grow from approximately 7% to 10% of total Canadian retail sales by 2024, yet 53% of retail/e-commerce fulfillment tenants are dissatisfied with the functionality of their current space.

Website search card image

Industrial Tenant Survey Report: Where do we grow from here?

Download Report
For More Information, Please Contact:

John Duda

President, Real Estate Management Services Canada

Toronto Downtown

John Duda is the President of Real Estate Management Services, Canada. John began his career as Director of National Property Services at CIBC, joining Colliers in 2010. Appointed as head of Real Estate Management Services in 2017, John has driven significant growth both organically and strategically through the development of new service lines and markets. In his role as president, John a oversees 14 offices across Canada, working closely with local teams to create value-driven strategies in support of clients’ goals. 

View Expert