- The upward price appreciation is a combination of fundamental attributes driven by the shortage of industrial land supply, record low availability, and strong tenant and investor demand.
- Investors are transacting industrial assets at higher prices as there is potential to push rents upwards on new leases.
- Strong investor appetite for industrial properties located near large population centres has garnered interest from companies looking to strengthen their last mile strategy.
Spark Report: GTA Industrial Cap Rate Analysis
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Craig is the Director of Market Intelligence for Canada as well as an associate real estate broker and appraiser with over 25 years of experience in commercial real estate. His work is focused on providing strategic and transactional assistance to national real estate firms. With professional experience in real estate research, valuation, development, management, finance, consulting, and portfolio management roles he coordinates both national research as well as client specific projects and includes work with all major asset classes for valuation of both income producing real estate as well as expropriation, development projects. Craig has worked with clients in the finance, technology, aerospace, and logistical industries as well as real estate firms and has additional work experience providing ongoing economic knowledge, research, forecasting and review of the Canadian and international environment.