Canada industrial insights
Demand for 'Big Box' space moderates as vacancy continued to rise.
- Chad Piche
- Deborah Saunders
- Marga Chan
- Tristan Scott
- William Schneider
National vacancy notched it's 4th consecutive increase, rising to 2.1% on the quarter. Occupier demand, particularly from large bay users, moderated as the market witnessed net absorption well below the 5 year quarterly average. With a cyclical high in construction deliveries expected over the next 12 months, vacancy is expected to continue it's rise through 2024. However, vacancy is still expected to remain below the long term historic average.
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Toronto industrial insight
Cooling rents suggested a return to moderation despite persistently low vacancy.
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Calgary industrial insight
Calgary Industrial market continues to grow through new construction deliveries and positive absorption.
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Montreal industrial insight
Industrial demand weakens as availabilities expand and asking rates contract.
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Vancouver industrial insight
A shift in warehousing demand is reflected in rising availability.
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Winnipeg industrial insight
Construction activity has begun in the new CentrePort Canada Rail Park.
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Southwest Ontario industrial insight
Activity and performance nuanced as market dynamics shift.
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Ottawa industrial insight
Speculative development reaches a cyclical high as developers remain confident in the market.
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Edmonton industrial insight
Underlying fundamentals support a resilient industrial market in Edmonton.
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Saskatchewan industrial insight
Saskatchewan's Industrial Market Demonstrates Resilience.
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