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As the economy continues to rebound from the pandemic, the Houston office market has stalled. How will it adjust moving forward and what does it mean for occupiers. Download our latest market report to find out.
The Greater Toronto Area (GTA) industrial market continued to reach unfathomable heights this quarter as average net asking rents increased to $10.70 per square foot, up $0.33 quarter over quarter. A complete lack of available industrial product paired with rapid demand has led the availability and vacancy rates to drop further to 1.5% and 0.3%, respectively.
Despite the initial success of Ontario’s secondary COVID-19 vaccine roll-out, vacancy and availability rates continued to rise across the Greater Toronto Area (GTA), with vacancy increasing 90 basis points (bps) to 8.0% and availability increasing 70 bps to 10.4% compared to Q1 2021.
Cresa has landed the person it had set its sights on to become president of the firm, but he won't be able to start until next summer.