After a brief pause in activity in Q2 2020, the GTA’s industrial market has bounced back quickly in Q3.
- Industrial asking net rents are now higher than pre-COVID-19 levels, reaching over $10 PSF.
- Demand for industrial space remains buoyant, with property and industrial land values following suit.
- Companies that specialize in food, 3PL, and e-commerce continue to thrive amidst current market conditions, driving the demand for space.