Due to job gains in Ontario, the unemployment rate has eased lower to 5.3%. Industrial products in the GTA is on high demand pushing vacancy rates down to 1.3%. Downtown Toronto office market is extremely tight, with vacancy rates at below 2% for class A buildings.
Industrial rental rates will continue to rise across the GTA for all classes. New office construction will be coming on stream in the coming years creating a more balanced market.
Cushman & Wakefield ULC
Senior Specialist / Sales Representative
Commercial Sales & Leasing
Direct: +1 416 756 5428
Mobile: +1 416 671 5913