•Toronto’s industrial market availability rate remained unchanged at 2.0% this quarter.

•Transaction activity for space requirements greater than 100,000 sq. ft. picked up in Q3.

•Average net asking lease rates increased nominally for a record 14th consecutive quarter to an all-time high of $9.76 per sq. ft.

•The Greater Toronto Area (GTA) delivered 12 new buildings totalling 2.7 million sq. ft. this quarter.

•With an additional 2.7 million sq. ft. anticipated for completion by year-end, new supply is expected to reach 10.8 million sq. ft. in 2020.