- The GTA market has lost 45% of its available space since Q1 2008. Since then, Net and Gross Rents have climbed +12.7% and +17.6% (currently $19.69 and $37.73) and the vacancy rate has halved (from 8.6% to 4.3%).
- The Downtown market has been the fundamental driver of this trend, accounting for 2.4 times the absorption the Suburban market has experienced over the 10-year period.
