Greater Toronto Area Industrial Market Report (Q4 2021)
The Greater Toronto Area (GTA) industrial market remains resilient. In the past two years, industrial has been the sweetheart asset class – strengthened by limited supply and relentless demand that has seemed endless. But flattening growth may be on the horizon as some of the largest users begin to reach near-peak growth. With 60 million square feet (msf) in the development pipeline for the next three years, rising availability will likely provide more space options to a broader spectrum of industrial tenants compared with today’s constrained supply environment.