The GTA industrial market continues to experience the pressure of high demand and high prices.
- The lack of available space has pushed up net rental rates, which have increased by 43.1% year-over-year.
- Year-to-date absorption in 2022 is similar to 2020 levels, as compared to the record highs of 2021.
- A 17% decline in the number of sale transactions suggests a slight pull-back from investors, but functional assets are still retaining their value.