With 2.6M SF of new spec industrial coming onto the market in 2014, we dug into Q1 research from Avison Young. VP Bill Argeropoulos says the GTA’s construction pipeline is ninth among North American markets it tracks. (Tops in Canada.) But focus more on the details, Bill says—that new space represents less than 0.5% of the existing inventory, and combined with the low vacancy rates (3.9%), that suggests a healthy balance between new supply and demand for space. (Good. Empty warehouses remind us of horror movies.)
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