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Toronto Industrial Market Report 2021 Q4

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research article

GTA maintains record low availability, net rental rates jump close to $1.00 quarter over quarter to end 2021.

  • High demand for warehouse and logistics space continues to keep the availability rate low. Over the past two years, the GTA average availability rate has been 1.2%
  • Limited availability has driven up net rental rates with various GTA municipalities seeing annual increases greater than 25%.
  • With only 10 million square feet under construction and the increased amount of per-leasing, available space coming to market will be in short supply.


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Toronto Industrial Market Report 2021 Q4

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For More Information, Please Contact:

Peter Garrigan

Senior Managing Director, Industrial | Greater Toronto Area

Toronto West

Peter is committed to accelerating the success of clients by leveraging market knowledge to forge new paths in the industrial Real Estate industry and create connections between landlords and investors and landlords and tenants.  Peter focuses on maximizing value and minimizing risk by developing unique solutions to achieve clients’ real estate goals.

Peter has maximized returns and minimized risk for many large landlords by effectively targeting and securing key tenants.  His strong personable character has enabled him to develop a network of business owners/tenants within the GTA.

Peter’s ability to create relationships with key tenants and landlords has produced many opportunities for his clients.

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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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