| |
|
Overall available space throughout Canada’s industrial
markets is on the rise as demand softens and the tail end of new supply
is delivered into various markets. Asking rental rates are counter-intuitively
lagging the cycle, and have held at an average of $6.10 during the first
quarter of 2009. Average asking rates were supported by Canada’s western
cities where the downturn has hit slightly later, and markets are coming
out of a period of very high demand as supply struggles to keep pace. Canada’s
western cities all currently sit with vacancy rates at or below 4.5% -
still a landlord favoured position - tempered by the economic outlook and
demand projections. In comparison, Canada’s eastern markets such as Toronto
and Montreal have availability rates north of 6.4%, progressing upward.
Contact Ian MacCulloch at 416.643.3708 for more information.
  Q109_Canadian Snapshot - Industrial.pdf
Email Report Link To Your Friend
|
|