In the last 3 years, the Greater Toronto Area has witnessed remarkable growth in the sale of Industrial, Commercial and Institutional (ICI) land, with a significant spike in acres sold across Hamilton, Burlington and Oakville.
In this edition of our quarterly report, we will delve into some intriguing market trends and share our insights on the future of our markets. We always encourage you to reach out to our team for a more in-depth discussion on any market trends.
Expanding on our recent infographic, let’s delve deeper into the industrial developments taking place across the Greater Golden Horseshoe and explore the rationale behind their 40-foot clear-height design.
The Industrial Boom: Surging Rates in the West GTA Markets
Over the past 12 years, the industrial real estate sector has experienced a remarkable surge in lease rates. Previously, the average market rent stood at $5 net, whereas today, we are seeing an average rate of $18.40.
Meet Bryan Faldowski, one of the leaders of TeamMF. He has been one of the top-producing agents servicing the Hamilton and Halton markets and has won the prestigious SIOR award for his past performance.
Our Q4 2022 report is out now. We discuss industrial, office and land in Oakville, Burlington and Hamilton. Context is key. In this edition, we have introduced some case studies which we feel give a much better feel of how deals are being put together.