Greater Toronto Area industrial market report (Q2 2022)
The Greater Toronto Area (GTA) industrial market availability remained the same at 0.9%, however activity remains strong and net rental rates continue to climb to record highs, breaking the $15 mark, up 38% over the last year. Of the 2.8 million square feet (msf) completed during the quarter, 84% is already leased. There is an additional 15 msf under construction with 45% already accounted for.