Total available space in the Greater Toronto Area surged to 29 million square feet this quarter compared to 12 million square feet a year ago in the third quarter of 2022. One of the causes of this increase is due to speculative development projects, which have allowed the overall availability rate to ease to 3.7% in July.
Availability Increases in Toronto’s Industrial Market
But Increase From New Supply Will Do Little To Alleviate Tight Market Conditions
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