Q4 2021 Toronto Industrial Market Report

Greater Toronto Area (GTA) industrial properties continue to outperform all other asset types and remain one of the hottest real estate markets in North America. Net rents continue to rise at unprecedented rates, increasing by another $1.16 per square foot (PSF) quarter-over-quarter to $12.14 PSF. Rents are changing significantly even on a month-by-month basis. They continue to increase with clear height and the 100-199k square foot properties are driving demand. The difference in rents when comparing size and clear heights are also continuing to shrink, with differences only ranging from $0.20-0.30 PSF. Additionally, with growing rental rates, sale prices and land acquisition prices are increasing significantly.

Read our Market Report for more details.