Q2 2022 Toronto Industrial Market Report

The Greater Toronto Area (GTA) industrial market continues outperforming all other asset classes and remains one of the most competitive industrial markets in North America. Robust demand for industrial space is leading to continued decreases in the amount of total available space on the market while net rents continue to reach new heights, increasing by an impressive $1.15/SF quarter-over-quarter. The region’s industrial market has seen a 20% year-over-year increase in net asking rates, and an increase of 32% since the beginning of the pandemic. Average rents have increased by 9% since Q1 2022 and are now ranging between $14.50 to $15.75 PSF.

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