- The e-commerce sector is thriving.Major retailers have been upping the ante to fulfill customers’ expectations, as some are, shifting towards same-day delivery option as the new norm.
- Better serving the last mile has spurred on major investments from the likes of Purolator, who have announced the construction of a $330 million, 430,000 SF national "super hub" in Central GTA.
- Availability rate has been at historically low levels over the past year. While the rate of decline has shown signs of levelling off this quarter, tenants are still considering making lower quality space fit their existing requirements.
- New supply expected this quarter (around 1.2 million SF) was pushed out to the second half of the year. This has resulted in 90,710 SF of net absorption in Q2 2019.
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Senior Market Intelligence Analyst
Leo joined Colliers International in 2008. He plays a key role in the delivery of Colliers research reports and business intelligence solutions, with a particular focus on the GTA industrial market. He draws on his professional experience as a commercial appraiser and real estate consultant to provide valuable market insights and strategic advice for both clients and across the Colliers business line.
His expertise includes real estate market research, commercial property valuation, geodemographic spatial analysis, development feasibility, financial modelling and forecasting, and portfolio strategies. He leverages the use of data visualization and GIS mapping to effectively communicate trends and assist clients in making the best real estate decisions.