DCN-JOC News ServicesTORONTO — The Greater Toronto Area industrial market has reached its highest availability rate in three years, since Q2 2020, reports global real estate adviser Avison Young.
Despite the rise, rental rates increased quarter-over-quarter to $18.12 per square foot, up from $17.87 per square foot last quarter, due to persistent scarcity in the most attractive spaces. Demand in the GTA continues to centre around logistics and distribution, with an increased focus on manufacturing and consumer goods and services.
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