CBRE: Toronto industrial availability rate up from 4.1% to 4.3% in 2016
In its 2016 Canadian Market Outlook report, CBRE noted that the overall availability rate for industrial property in Toronto is expected to rise from 4.1% in 2015 to 4.3% in 2016. The Net Rental Rate is expected to rise from CAD5.33 per square foot to CAD5.89 per square foot. Absorption is expected to fall from 6.90mn square feet to 3.60mn square feet. New supply is expected to rise from 4.58mn square feet to 5.44mn square feet. Stock that is under construction should fall from 7.21mn square feet to 5.02mn square feet.
Source : December 2015/CBRE/Toronto/IND