Blog

October 10th, 2025 The GTA Central Markets, encompassing Scarborough, North York, and Etobicoke, continue to be a focal point for commercial real estate activity in Q3 2025. With a total inventory of 224,366,393 SF, the region saw 182,817 SF under construction,...

October 3rd, 2025 As of August 29, 2025, the U.S. has officially axed its de minimis exemption, stripping Canadian small businesses of duty-free shipping for parcels under USD $800. What was once a seamless gateway for e-commerce and cross-border trade now demands...

September 26th, 2025 In the Greater Toronto Area's industrial real estate market, 2025 has brought a noticeable shift toward tenant-friendly conditions. With availability rates climbing to around 5.0% in Q2 and projected to increase further by year-end, negative...

September 19th, 2025 In the Greater Toronto Area's industrial real estate market, 2025 has brought a noticeable shift toward tenant-friendly conditions. With availability rates climbing to around 5.0% in Q2 and projected to increase further by year-end, negative...

September 12th, 2025 The data center industry across the Americas is growing fast in 2025, driven by steady demand for operational space. North America now has 25.6 gigawatts (GW) online, with a record 12.1 GW under construction—with approximately 88.5% already...

September 4th, 2025 The latest data on Canadian Cap Rates and Capital Markets paints a nuanced picture of the industrial sector amid broader economic shifts. In the Greater Toronto Area, which remains Canada's industrial powerhouse, activity continues to dominate...

Establishing True Valuations Across Differing Markets  August 22nd, 2025  The most common questions among those deep in the industrial real estate market likely fall into the general pattern of “Where in the cycle are we?” Or, “Have we hit the bottom yet?” Or even,...

Establishing True Valuations Across Differing Markets  August 15th, 2025  The most common questions among those deep in the industrial real estate market likely fall into the general pattern of “Where in the cycle are we?” Or, “Have we hit the bottom yet?” Or even,...

Establishing True Valuations Across Differing Markets  August 8th, 2025 The most common questions among those deep in the industrial real estate market likely fall into the general pattern of “Where in the cycle are we?” Or, “Have we hit the bottom yet?” Or even,...

Establishing True Valuations Across Differing Markets  July 25th, 2025 The Toronto Central Markets—encompassing Toronto, North York, Etobicoke, and Scarborough—form a key segment of the Greater Toronto Area's industrial real estate sector. Investors and occupiers...

July 18th, 2025 In the dynamic industrial real estate sector of the Americas, the Greater Toronto Area (GTA) stands out as a key hub adapting to economic uncertainties while leveraging its strategic position for logistics and manufacturing growth. Drawing from Cushman...

July 11th, 2025 In today's global trade landscape filled with uncertainty, tariffs, and weekly agreement changes, bonded warehouses and foreign trade zones (FTZs) are pivotal for businesses aiming to optimize supply chains, defer costs, and comply with customs...

July 4th, 2025 It’s almost unthinkable that a dip to $17.00 per square foot net average rents would be considered a move ‘towards stability’ - yet that’s where we find ourselves today. In a sense, it seemed like it was almost a foregone conclusion, except that nobody...

June 27th, 2025 As 2025 unfolds, the industrial real estate sector stands at a pivotal moment. The Cushman & Wakefield "Midpoint 2025 Economic and CRE Outlook" paints a picture of resilience amid tariff-driven volatility and economic uncertainty. With capital...

June 20th, 2025 As we move through 2025, the industrial real estate sector faces a complex landscape shaped by economic uncertainty and shifting trade policies. The recent Cushman & Wakefield "Midpoint 2025 Economic and CRE Outlook" highlights a slowdown in...

June 13th, 2025 The GTA West - comprised of Peel and Halton Regions - has long been the beating heart of the region’s industrial engine, a magnet for logistics giants and manufacturing powerhouses fuelling Canada’s supply chain. But the pulse is slowing. With...

June 6th, 2025 Picture a sprawling 200,000-square-foot warehouse, once the crown jewel of GTA’s industrial boom, now sitting quieter than ever. The days of blockbuster leasing deals that fueled logistics giants are slowing, and the numbers tell a stark story. As...

May 30th, 2025 Industrial condominiums have become a vital component of Ontario’s commercial real estate landscape, offering a compelling alternative to traditional industrial leasing. These properties provide businesses and investors with the advantages of...

May 23rd, 2025 Leasing an industrial space with a rooftop solar installation can feel like navigating a minefield. The promise of energy savings is enticing, but the potential costs of maintaining or replacing the roof beneath those panels can catch tenants off guard....

Establishing True Valuations Across Differing Markets  May 9th, 2025  Another week has gone by and investors and occupiers alike remain uncertain about how the economic landscape will unfold in the coming weeks and months. A looming federal election, along with tense...

Establishing True Valuations Across Differing Markets  May 2nd, 2025  Another week has gone by and investors and occupiers alike remain uncertain about how the economic landscape will unfold in the coming weeks and months. A looming federal election, along with tense...

Establishing True Valuations Across Differing Markets  April 25th, 2025 Another week has gone by and investors and occupiers alike remain uncertain about how the economic landscape will unfold in the coming weeks and months. A looming federal election, along with...

Establishing True Valuations Across Differing Markets  April 11th, 2025 Another week has gone by and investors and occupiers alike remain uncertain about how the economic landscape will unfold in the coming weeks and months. A looming federal election, along with...

April 4th, 2025 “There is nothing more difficult to take in hand, more perilous to conduct, or more uncertain in its success than to take the lead in the introduction of a new order of things.” Niccolo Machiavelli We are undoubtedly in an economic situation unseen for...

March 28th, 2025 Not all industrial properties are created equal. Each has its own story; its unique opportunities and challenges. From its location, access, and connectivity to its deeper specifications such as clear height, door ratio, power capabilities, and bay...

March 21st, 2025 Did you know that sublease availability in the GTA industrial market has soared to 6.3 million square feet in Q4 2024? This isn’t just a statistic—it’s a sign of a market undergoing significant change. With total availability reaching a decade-high of...

March 14th, 2025 What happens when a market that’s been running hot for a decade suddenly cools? In the GTA’s industrial sector, the answer is unfolding now: rental rates are easing across the board, with a 1.2% drop in the past quarter alone—the third consecutive...

March 7th, 2025 Co-Authored with Jason Crane and Sandi Prendergast, Ryan Did you know that despite property assessments in Ontario being based on 2016 market values, the Municipal Property Assessment Corporation (MPAC) added over $5.7 billion in value to the business...

Feburary 28th, 2025 Did the GTA Industrial Market Just Hit a Breaking Point? Picture this: vacancy rates soaring to a nine-year high, demand plummeting to an 11-year low, and a flood of new supply hitting the Greater Toronto Area (GTA) all at once. It’s not just a...

Establishing True Valuations Across Differing Markets  February 21st, 2025 As we close out Q4 2024, the industrial real estate market in the Greater Toronto Area’s West markets — comprised of the submarkets within Peel and Halton Regions — continues to evolve. The...

Establishing True Valuations Across Differing Markets  February 14th, 2025 As we look back on the fourth quarter of 2024, the industrial real estate market in the Greater Toronto Area’s East markets — including Pickering, Ajax, Whitby, and Oshawa — has shown a mixed...

Establishing True Valuations Across Differing Markets  February 7th, 2024 As we reflect on the final quarter of 2024, the industrial real estate landscape in the Greater Toronto Area’s northern markets — including Vaughan, Markham, Richmond Hill, Aurora, and Newmarket...

Establishing True Valuations Across Differing Markets  January 31st, 2025 As we reflect on the fourth quarter of 2024, the industrial real estate landscape across the Central Toronto markets — including Toronto, North York, Etobicoke, and Scarborough — reveals key...

January 24th, 2025 “Our intuition about the future is linear. But the reality of information technology is exponential, and that makes a profound difference. If I take 30 steps linearly, I get to 30. If I take 30 steps exponentially, I get to a billion.” Ray Kurzweil...

January 17th, 2025 As we enter into a New Year, we find ourselves in situation that is more profound than another rotation around the Sun. Between 12 to 18 months ago, the Greater Toronto industrial market faced an inflexion point as interest rates increased quickly...

December 20th, 2024 Another year has flown by; another period with its own story, memories, adversity, and triumphs. The Greater Toronto industrial market has, too, seen its share as we emerged from a challenging business landscape. Looking forward to 2025, we can...

December 13th, 2024   “Look back over the past, with its changing empires that rose and fell, and you can foresee the future, too.” Marcus Aurelius As we wind down 2024, a number of thoughts can creep into our minds. First off - how did we get here so quickly? Next,...

December 6th, 2024 "Civilization as it is known today could not have evolved, nor can it survive, without an adequate food supply.” Norman Borlaug, American agronomist and recipient of Nobel Peace Prize There has been a shift. What was once gridlocked by indecision...

November 29th, 2024 "Civilization as it is known today could not have evolved, nor can it survive, without an adequate food supply.” Norman Borlaug, American agronomist and recipient of Nobel Peace Prize There has been a shift. What was once gridlocked by indecision...

November 22nd, 2024 "Civilization as it is known today could not have evolved, nor can it survive, without an adequate food supply.” Norman Borlaug, American agronomist and recipient of Nobel Peace Prize There has been a shift. What was once gridlocked by indecision...

Establishing True Valuations Across Differing Markets  November 15th, 2024  “The four most expensive words in the English language are, ‘This time it’s different.’” Sir John Templeton Just like every economic cycle before now, market participants have been subject to...

Establishing True Valuations Across Differing Markets  November 8th, 2024  “The four most expensive words in the English language are, ‘This time it’s different.’” Sir John Templeton Just like every economic cycle before now, market participants have been subject to...

Establishing True Valuations Across Differing Markets  November 1st, 2024 “The four most expensive words in the English language are, ‘This time it’s different.’” Sir John Templeton Just like every economic cycle before now, market participants have been subject to...

Establishing True Valuations Across Differing Markets  October 25th, 2024  “The four most expensive words in the English language are, ‘This time it’s different.’” Sir John Templeton Just like every economic cycle before now, market participants have been subject to...

October 18th, 2024 “For every action, there is an equal and opposite reaction.” Isaac Newton When riding a wave at its peak, few seldom stop to think about the next sequence of events as it inevitably comes down. This doesn’t mean that every bull run is followed by a...

October 4th, 2024 “For every action, there is an equal and opposite reaction.” Isaac Newton When riding a wave at its peak, few seldom stop to think about the next sequence of events as it inevitably comes down. This doesn’t mean that every bull run is followed by a...

September 27th, 2024 “For every action, there is an equal and opposite reaction.” Isaac Newton When riding a wave at its peak, few seldom stop to think about the next sequence of events as it inevitably comes down. This doesn’t mean that every bull run is followed by...

September 20th, 2024 “For every action, there is an equal and opposite reaction.” Isaac Newton When riding a wave at its peak, few seldom stop to think about the next sequence of events as it inevitably comes down. This doesn’t mean that every bull run is followed by...

September 13th, 2024 “For every action, there is an equal and opposite reaction.” Isaac Newton When riding a wave at its peak, few seldom stop to think about the next sequence of events as it inevitably comes down. This doesn’t mean that every bull run is followed by...

Establishing True Valuations Across Differing Markets  September 6th, 2024 "Things of this world are in so constant a flux, that nothing remains long in the same state.” John Locke Throughout the epic rise of industrial real estate - as a direct result of a boom in...

Establishing True Valuations Across Differing Markets  August 23rd, 2024  "Things of this world are in so constant a flux, that nothing remains long in the same state.” John Locke Throughout the epic rise of industrial real estate - as a direct result of a boom in...

August 16th, 2024 "Things of this world are in so constant a flux, that nothing remains long in the same state.” John Locke Throughout the epic rise of industrial real estate - as a direct result of a boom in logistics and e-commerce - we saw record-breaking rents,...

Establishing True Valuations Across Differing Markets  August 9th, 2024 "Things of this world are in so constant a flux, that nothing remains long in the same state.” John Locke Throughout the epic rise of industrial real estate - as a direct result of a boom in...

July 26th, 2024 “Deciding what not to do is as important as deciding what to do.”Steve JobsWith all of the distractions out in the world, social media, and our general daily lives - not to mention the constant bombardment of new information - it would be virtually...

July 19th, 2024 “Deciding what not to do is as important as deciding what to do.” Steve Jobs With all of the distractions out in the world, social media, and our general daily lives - not to mention the constant bombardment of new information - it would be virtually...

July 12th, 2024 “Deciding what not to do is as important as deciding what to do.” Steve Jobs With all of the distractions out in the world, social media, and our general daily lives - not to mention the constant bombardment of new information - it would be virtually...

July 5th, 2024 “Deciding what not to do is as important as deciding what to do.” Steve Jobs With all of the distractions out in the world, social media, and our general daily lives - not to mention the constant bombardment of new information - it would be virtually...

June 28th, 2024 With the coming holidays, many of us will be taking some deserved time off to recharge and relax; a brief pause at the halfway point of an extremely busy year. It will also be an opportunity to reflect, to operate at a different pace, and to strategize...

June 21st, 2024 It was only a few short years ago that industrial land across the Greater Toronto Area was outperforming every other asset class by a mile. And it wasn’t even close. Or reasonably debatable. Heck, it even gave Bitcoin a run for its proverbial virtual...

June 14th, 2024 It was only a few short years ago that industrial land across the Greater Toronto Area was outperforming every other asset class by a mile. And it wasn’t even close. Or reasonably debatable. Heck, it even gave Bitcoin a run for its proverbial virtual...

June 7th, 2024 It was only a few short years ago that industrial land across the Greater Toronto Area was outperforming every other asset class by a mile. And it wasn’t even close. Or reasonably debatable. Heck, it even gave Bitcoin a run for its proverbial virtual...

May 31st, 2024 “Location, location, location.” Unknown Although it has often been said that location is everything in real estate, the truth is that there are a lot more criteria considered when selecting the right industrial facility. Industrial tenants often want to...

Establishing True Valuations Across Differing Markets  May 17th, 2024 “Negotiation is not an act of battle; it’s a process of discovery. The goal is to uncover as much information as possible.” Chris Voss Few statements could be as true or relevant right now within...

Establishing True Valuations Across Differing Markets  May 10th, 2024 “Negotiation is not an act of battle; it’s a process of discovery. The goal is to uncover as much information as possible.” Chris Voss Few statements could be as true or relevant right now within...

Establishing True Valuations Across Differing Markets  April 26th, 2024 “Negotiation is not an act of battle; it’s a process of discovery. The goal is to uncover as much information as possible.” Chris Voss Few statements could be as true or relevant right now within...

April 12th, 2024 “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”  Franklin D. Roosevelt As the Greater Toronto...

April 5th, 2024 “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”  Franklin D. Roosevelt As the Greater Toronto...

March 22nd, 2024 “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”  Franklin D. Roosevelt As the Greater Toronto...

March 8th, 2024 “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”  Franklin D. Roosevelt As the Greater Toronto...

March 1st, 2024 Time seems to have compressed ever since we came out of the pandemic. Maybe it was simply a catalyst for change. Or perhaps we were all making up for lost time. Or within the context of industrial real estate, the emergence of e-commerce and the...

February 23rd, 2024 Time seems to have compressed ever since we came out of the pandemic. Maybe it was simply a catalyst for change. Or perhaps we were all making up for lost time. Or within the context of industrial real estate, the emergence of e-commerce and the...

February 16th, 2024 Time seems to have compressed ever since we came out of the pandemic. Maybe it was simply a catalyst for change. Or perhaps we were all making up for lost time. Or within the context of industrial real estate, the emergence of e-commerce and the...

Establishing True Valuations Across Differing Markets  February 9th, 2024   “Constraints drive innovation and force focus. Instead of trying to remove them, use them to your advantage.” 37Signals As we reflect and follow along the broad narratives surrounding the...

February 16th, 2024 Time seems to have compressed ever since we came out of the pandemic. Maybe it was simply a catalyst for change. Or perhaps we were all making up for lost time. Or within the context of industrial real estate, the emergence of e-commerce and the...

Establishing True Valuations Across Differing Markets  February 2nd, 2024 “Constraints drive innovation and force focus. Instead of trying to remove them, use them to your advantage.” 37Signals As we reflect and follow along the broad narratives surrounding the...

Establishing True Valuations Across Differing Markets  January 26th, 2024 “Constraints drive innovation and force focus. Instead of trying to remove them, use them to your advantage.” 37Signals As we reflect and follow along the broad narratives surrounding the...

Establishing True Valuations Across Differing Markets  January 19th, 2023 “Constraints drive innovation and force focus. Instead of trying to remove them, use them to your advantage.” As we reflect and follow along the broad narratives surrounding the industrial real...

January 12th, 2024 Time seems to have compressed ever since we came out of the pandemic. Maybe it was simply a catalyst for change. Or perhaps we were all making up for lost time. Or within the context of industrial real estate, the emergence of e-commerce and the...

December 15th, 2023 Each year that passes brings with it its own unique challenges and opportunities. Looking back at 2023, the industrial market - as well as the broader economic and global landscape - experienced adversity and change. Despite all of this, we are...

December 1st, 2023 No matter your thoughts on the green building initiatives being rolled out, it is almost a foregone conclusion that these practices will be implemented in the coming five to ten years. From the regulatory authorities and developers to investors and...

Establishing True Valuations Across Differing Markets  November 24th, 2023 “In the classic old business cycle, there would be a diminution in sales; it would take a little while for this information to reach corporate headquarters. And there would be an inventory...

Establishing True Valuations Across Differing Markets  November 17th, 2023 “In the classic old business cycle, there would be a diminution in sales; it would take a little while for this information to reach corporate headquarters. And there would be an inventory...

Establishing True Valuations Across Differing Markets November 10th, 2023 “In the classic old business cycle, there would be a diminution in sales; it would take a little while for this information to reach corporate headquarters. And there would be an inventory...

Establishing True Valuations Across Differing Markets  November 3rd, 2023 “In the classic old business cycle, there would be a diminution in sales; it would take a little while for this information to reach corporate headquarters. And there would be an inventory...

October 27th, 2023 The future is now. With the proliferation of new technologies such as artificial intelligence, automated warehouse management systems, and autonomous vehicles, we are experiencing first-hand many of the concepts we may have thought would never occur...

October 20th, 2023 “He, therefore, who is now against domestic manufacture, must be for reducing us either to dependence on that foreign nation, or to be clothed in skins, and to live like wild beasts in dens and caverns. I am not one of these; experience has taught...

October 13th, 2023 “He, therefore, who is now against domestic manufacture, must be for reducing us either to dependence on that foreign nation, or to be clothed in skins, and to live like wild beasts in dens and caverns. I am not one of these; experience has taught...