Market Report

Graphing the Industrial Boom Q3 2023

Graphing the Industrial Boom

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.

SOLD - 1153 Pioneer Road

Industrial Condo Conversion

In 2018, the owners of 1153 Pioneer Road in Burlington saw a huge demand for Industrial ownership for smaller owners, however, the Burlington market lacked available supply. Rather than building on raw land and going through a very costly and lengthy development process, they decided with the help of Colliers Team Murray & Faldowski to convert the building into a condominium where each unit could be sold separately to the market.