Q4 2020 Industrial Market Report

The Greater Toronto Area (GTA) industrial market maintained similar metrics from the previous  quarter with overall market vacancy remaining at 1.0% and average net asking rent once again  surpassing the double-digit mark at $10.08. With COVIDI19’s impact felt by all in the commercial  real estate sector, the GTA industrial market closed out the year as the dominant asset type. While 
record-setting levels of construction did its best to satisfy rapid demand from e-commerce and  logistic sectors, online shopping spurred by the pandemic has created even more stress on warehouse and distribution supply.

Looking towards the new year, tenants will watch Ontario’s roll-out of vaccinations as a key indicator for market stabilization.


Read the full market report for more information.