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Local Industrial Report: Greater Toronto Area - Q1 2013

Leasing activity in the Greater Toronto Area (GTA) picked up in the first quarter with overall net absorption of 3 million square feet. As a result, the overall availability rate dropped 50 basis points to 4.6 percent. Most notable compared to other markets, the GTA North market recorded positive absorption with approximately 1.2 million square feet after three consecutive quarters with negative activity. The investment market has been a major force in the GTA this quarter with over $300 million in volume in the GTA West alone.​

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