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The industrial market ended the year on a high note,
marking nearly a decade of solid
performance. Absorption and availability levels remained stable, rental
rates for good product
increased, and land prices continued to climb. With over 24 million square
feet in new
development either planned or under construction, the new supply pipeline
remains strong.
The year however, was not without turbulence - the most significant of
which was the rate
of job losses seen by the manufacturing sector - driven by both the downturn
in the domestic
automotive industry, and erosion of the competitive edge provided by a
lower Canadian dollar.
The provincial government has provided some relief through the elimination
of the Corporate
Capital Tax, effective January 1, 2008. However, with the dollar projected
to remain near
parity against the Greenback, there is no light at the end of the tunnel
for many Canadian
manufacturers.
Contact Ian MacCulloch at 416.643.3708 for more information.
  Toronto_Ind_Q407.pdf
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