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Toronto Industrial Market Report Q1 2021

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research article

The GTA’s industrial market posted very strong fundamental indicators in the first quarter of 2021.

  • Both the vacancy and availability rates are at their lowest percentages since Q1 2020. Average asking net rent increased by $0.36 quarter-over-quarter. Three million square feet of absorption is the largest amount since Q4 2019.
  • This quarter was highlighted by a couple of acquisitions. In January, TransForce International announced that they acquired two divisions of UPS. In February, FastFrate Group announced that they acquired ASL Distribution Services.
  • E-commerce sales made up 12% of all Canadian retail activity in January 2021, doubling from 6% since January 2020. This continues to fuel demand for industrial space in the GTA, Canada’s largest population centre.

Toronto Industrial Market Report Q1 2021

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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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