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Canada Big Box Outlook - 2017

​Although the total amount of big box space under construction decreased year-over-year in Canada, three markets are still experiencing a high amount of construction activity. And no surprise, the Greater Toronto Area is leading the way with over 5.5 million square feet being built. But Metro Vancouver and the Greater Montreal Area industrial markets are quite active too. In terms of big box leasing activity, logistics and distribution and 3PL based companies are the most active, accounting for over 30 percent of all big box leases in the last year. We expect these tenant types to continue to be as active or more active, in the near and long term. 

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