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Professional Services
March 27, 2006
Industrial sector remains strong
TORONTO
Ontario’s industrial real estate market has remained resilient despite the high Canadian dollar, and continues to offer opportunity for property owners, managers and professionals.
In its market report, Rising Dollar: Threat or No Sweat? GWL Realty Advisors found that Ontario’s industrial real estate market continues to perform well, with space availability staying at 3.8 to 5.5 per cent of total inventory since the late 1990s, new construction levels under control and an increasingly diverse array of businesses keeping industrial space usage levels healthy.
By comparison, industrial real estate availability in the U.S. has been above eight per cent in most cities.
Ontario’s industrial real estate market accommodates a wide range of business types, including non-manufacturing uses such as warehousing and distribution, mixed use, and research and development.
Modern warehousing and distribution users are demanding new, larger and higher industrial buildings located close to major transportation routes.
Smaller, older industrial properties in central areas are increasingly attracting retail and office users.
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