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.
The Clear Advantage:
Benefits of the 40-Foot Clear Height
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.
That’s a wrap on 2022. What a year it was. Our team welcomed three new members, we moved to a new office, hosted several events and started up a new newsletter.
In this episode of Colliers Talks, Bryan Faldowski and Jens Zentil, Vice President of Zentil Property Management, discuss the evolution of Hamilton and the GTA and provide insights on what’s happening in the industrial market.