Since the outbreak of COVID - 19 in March 2020, the industrial market has proven to be resilient with vacancy decreasing to a record .73% in Q3 2020.
- Due to the tight vacancy, industrial-users who need to expand their business have seen very limited options and will have to contemplate build-to-suit opportunities.
- The Westshore region leads the way in new construction and absorption with several industrial enclaves being developed and planned for the coming years.