Greater Toronto Area Industrial Market Report Q1 2020

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The COVID-19 global pandemic has caused an abrupt slowdown in industrial activity in the GTA. The trickle-down effect caused by China’s initial supply chain shutdown has led to disruptions worldwide.

  • As people continue to social distance, e-commerce sales have spiked driven by demand for the delivery of essential items and groceries.
  • The number of short-term leases are expected to increase while companies look for temporary space to store any overflow of products.
  • Prior to the outbreak, asking rental rates increased to an average of $9.91 PSF in Q1 2020. However, this growth is expected to slow as the market adjusts.
  • The recent shutdown of all industrial construction in Ontario except critical projects is already starting to cause delays to the estimated 9 million SF of industrial developments expected to be completed in 2020.

Greater Toronto Area Industrial Market Report Q1 2020

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Pour plus d’informations, veuillez contacter:

Peter Garrigan

Managing Director, Industrial Practice Group, Toronto Region

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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