GTA maintains record low availability, net rental rates jump close to $1.00 quarter over quarter to end 2021.
- High demand for warehouse and logistic space continues to keep the availability rate low. Over the past two years, the GTA average availability rate has been 1.2%
- Limited availability has driven up net rental rates with various GTA municipalities seeing annual increases greater than 25%.
- With only 10 million square feet under construction and the increased amount of per-leasing, available space coming to market will be in short supply.