The Canadian Industrial Market: Why It Will Continue To Defy Gravity
The Canadian industrial real estate market has experienced tremendous growth over the last ten years, accelerating its pace in the last few years especially. The fundamentals have been and will continue to be exceptionally strong. The clear outperformers in the nation’s major markets are Toronto, Vancouver, and Montreal, experiencing 9.0%, 7.1%, and 5.1% annualized, respectively. Looking at these same cities over the last five years’ timeframe, there is a marked acceleration in growth rates of 14.9%, 11.4%, and 8.8% annualized.
In this whitepaper, we will explore the impact of the COVID-19 pandemic on the industrial market, the e-commerce effect, why tenants can and will pay higher rents, and more.
You can also watch our video, which summarizes this article, here.
Sources:
1 https://www.emarketer.com/content/canada-ecommerce-forecast-2021
2 CBRE – Canada Q2 2021 Quarterly Statistics Report
3 CBRE – Canada Q2 2021 Quarterly Statistics Report
4 CoStar – Canada Industrial National Report – Q2 2021
5 Colliers – June 2021 Industrial Tenant Survey Report
6 CBRE – Canada Market Outlook 2021 Report
7 https://www.digitalcommerce360.com/2021/04/08/warehouse-space-could-run-out-in-canada-by-the-end-of-2021/
8 https://renx.ca/panattoni-build-2-9m-sq-ft-amazon-edmonton-facility/
9 https://www.evolutionfulfillment.com/ecommerce-less-warehouse-space-in-canada-2021/
10 https://ca.fierarealestate.com/insights/real-estate-emerging-from-the-covid-19-pandemic/
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