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GTA Industrial Market Report Q4 2018

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Par Peter Garrigan
  • The GTA availability rate decreased to 1.4% in Q4 2018, down 59 basis points YoY, maintaining historically low levels.
  • Strong tenant demand has pushed rental rates in the GTA up from $6.31 to $7.26 per square foot (15% YoY), outperforming last quarter’s annual rental growth rate of 10%. An annual rental growth rate exceeding 15% has occurred only once in the past five years.
  • GTA finished the year with strong absorption, reaching more than 3.2 million square feet in Q4 2018, 75% (2.4 million square feet) of which came from GTA West.
  • Supply and demand imbalances continue to fuel speculative developments including the announcement of UPS securing a brand new 850,000-square-foot facility on Coleraine Drive in Caledon.

  • The GTA availability rate decreased to 1.4% in Q4 2018, down 59 basis points YoY, maintaining historically low levels.
  • Strong tenant demand has pushed rental rates in the GTA up from $6.31 to $7.26 per square foot (15% YoY), outperforming last quarter’s annual rental growth rate of 10%. An annual rental growth rate exceeding 15% has occurred only once in the past five years.
  • GTA finished the year with strong absorption, reaching more than 3.2 million square feet in Q4 2018, 75% (2.4 million square feet) of which came from GTA West.
  • Supply and demand imbalances continue to fuel speculative developments including the announcement of UPS securing a brand new 850,000-square-foot facility on Coleraine Drive in Caledon.
  • The GTA availability rate decreased to 1.4% in Q4 2018, down 59 basis points YoY, maintaining historically low levels.
  • Strong tenant demand has pushed rental rates in the GTA up from $6.31 to $7.26 per square foot (15% YoY), outperforming last quarter’s annual rental growth rate of 10%. An annual rental growth rate exceeding 15% has occurred only once in the past five years.
  • GTA finished the year with strong absorption, reaching more than 3.2 million square feet in Q4 2018, 75% (2.4 million square feet) of which came from GTA West.
  • Supply and demand imbalances continue to fuel speculative developments including the announcement of UPS securing a brand new 850,000-square-foot facility on Coleraine Drive in Caledon.

GTA Industrial Market Report Q4 2018

Télécharger le rapport