Blog

March 24th, 2023 The Greater Toronto industrial market appears to be living in its own world. Whether as a result of management or insulation, we have yet to see any persistent effects seeping through from the plethora of economic uncertainty and news around the...

March 17th, 2023 The Greater Toronto industrial market appears to be living in its own world. Whether as a result of management or insulation, we have yet to see any persistent effects seeping through from the plethora of economic uncertainty and news around the...

Establishing True Valuations Across Differing Markets  March 10th, 2023 Should every investor buy into the Southern Ontario industrial market? And should every industrial property owner try to cash out at some of the strongest valuations we’ve ever seen (despite the...

Establishing True Valuations Across Differing Markets  March 3rd, 2023 Should every investor buy into the Southern Ontario industrial market? And should every industrial property owner try to cash out at some of the strongest valuations we’ve ever seen (despite the...

Establishing True Valuations Across Differing Markets  February 24th, 2023 Should every investor buy into the Southern Ontario industrial market? And should every industrial property owner try to cash out at some of the strongest valuations we’ve ever seen (despite...

Establishing True Valuations Across Differing Markets  February 17th, 2023 Should every investor buy into the Southern Ontario industrial market? And should every industrial property owner try to cash out at some of the strongest valuations we’ve ever seen (despite...

February 10th, 2023 Value is an interesting, if not, abstract concept. For example, there are a multitude of approaches and formulas one can use to value an asset. From the traditional income approach, to a look at recent and similar comparables, and a replacement...

February 3rd, 2023 When industry insiders network and discuss what they are seeing in the market, it is easy to get caught up in the narrative and repeat back generalized statements - because that’s what everyone believes to be true. What starts out as a simple...

January 27th, 2023 When industry insiders network and discuss what they are seeing in the market, it is easy to get caught up in the narrative and repeat back generalized statements - because that’s what everyone believes to be true. What starts out as a simple...

January 20th, 2022 Economics is an interesting field. Part art and part science, most colleges and universities consider it a ‘humanity’ rather than a science, where the former is more fluid in its interpretations, and the latter seen as generally being concrete and...

December 23rd, 2022 Another year has flown by, and as we approach the Holiday Season, many of us are beginning the process of taking account of our successes and challenges while planning for 2023. In 2022, the GTA Industrial community demonstrated its resilience and...

December 16th, 2022 “It’s on the strength of observation and reflection that one finds a way. So we must dig and delve unceasingly.” Claude Monet We all strive to move forward in our personal and professional lives. We make detailed plans. We take relentless action....

December 9th, 2022 “It’s on the strength of observation and reflection that one finds a way. So we must dig and delve unceasingly.” Claude Monet We all strive to move forward in our personal and professional lives. We make detailed plans. We take relentless action....

December 2nd, 2022 In much of the business world, times are changing. Major announcements have recently been made around downsizing and layoffs, from tech companies to manufacturers, and to the surprise of many, real estate landlords and global brokerages. We find...

November 25th, 2022 In much of the business world, times are changing. Major announcements have recently been made around downsizing and layoffs, from tech companies to manufacturers, and to the surprise of many, real estate landlords and global brokerages. We find...

GTA Mid-Bay Industrial Portfolio Acquisition Spree November 18th, 2022 We find ourselves at staring down an uncertain path ahead. Both internal market forces and external economic headwinds are shaping the GTA industrial market. The Greater Toronto Area has...

Q3 2022 Insight, Toronto-West Markets Establishing True Valuations Across Differing Markets  November 11th, 2022 Winter is coming. As the long summer of near-zero rates, limitless demand, and unbounded growth taper off into a new reality, we find ourselves in a...

Q3 2022 Insight, Toronto-East Markets Establishing True Valuations Across Differing Markets  November 4th, 2022 Winter is coming. As the long summer of near-zero rates, limitless demand, and unbounded growth taper off into a new reality, we find ourselves in a...

Q3 2022 Insight, Toronto-North Markets Establishing True Valuations Across Differing Markets  October 28th, 2022 Winter is coming. As the long summer of near-zero rates, limitless demand, and unbounded growth taper off into a new reality, we find ourselves in a...

Q3 2022 Insight, Toronto-Central Markets Establishing True Valuations Across Differing Markets  October 21st, 2022 Winter is coming. As the long summer of near-zero rates, limitless demand, and unbounded growth taper off into a new reality, we find ourselves in a...

Durham Region: Developments You Need to Know About October 14th, 2022 Ever since the industrial asset class took off and became the prize of the commercial real estate industry, capital has flooded in, trying to get a piece of the proverbial pie. And although there is...

Durham Region Has Secured Its Spot on the Development Map September 30th, 2022 Ever since the industrial asset class took off and became the prize of the commercial real estate industry, capital has flooded in, trying to get a piece of the proverbial pie. And although...

Increasing Development Charges and Their Impact on New Inventory September 23rd, 2022 People are sensitive to costs. When a single item becomes more expensive, we take note. Perhaps we substitute the product with a different brand. Or we decide to shop with another...

GTA Construction Material Cost Breakdown September 16th, 2022 Intensity and endurance have a simple but balanced relationship. Demand too much of one and the other will suffer. However, it is so in order that we return to a state of equilibrium; as nothing, or no one...

GTA Industrial Costruction Costs in 2022 September 9th, 2022 “My candle burns at both ends; it will not last the night; but ah, my foes, and oh, my friends - it gives a lovely light!” Edna St. Vincent Millay Intensity and endurance have a simple but balanced...

GTA Industrial Condo Developments in 2022 August 26th, 2022 Circumstances have a way of changing things. We may believe that we are different, and that we can deal with anything that comes our way, however, pragmatism and risk-tolerance often dictate how we respond to...

GTA Industrial Infill Developments in 2022 August 19th, 2022 Circumstances have a way of changing things. We may believe that we are different, and that we can deal with anything that comes our way, however, pragmatism and risk-tolerance often dictate how we respond...

Cap Rates and the Greater Toronto Industrial Market August 12th, 2022 Numbers can be deceiving. When we measure something, we are taking a thin-slice view of the subject in question, at that point in time, with our biased interpretation, and with several assumptions...

Q2 2022 Insight, Toronto-West Markets Establishing True Valuations Across Differing Markets  August 5th, 2022 You are undoubtedly aware of the inflationary pressures not last seen since November 1981. What is more concerning, however, is the structural economy that...

Q2 2022 Insight, Toronto-East Markets Establishing True Valuations Across Differing Markets  July 29th, 2022 You are undoubtedly aware of the inflationary pressures not last seen since November 1981. What is more concerning, however, is the structural economy that...

Q2 2022 Insight, Toronto-North Markets Establishing True Valuations Across Differing Markets  July 22nd, 2022 You are undoubtedly aware of the inflationary pressures not last seen since November 1981. What is more concerning, however, is the structural economy that...

Q2 2022 Insight, Toronto-Central Markets Establishing True Valuations Across Differing Markets  July 15th, 2022 You are undoubtedly aware of the inflationary pressures not last seen since November 1981. What is more concerning, however, is the structural economy that...

Vaughan Industrial Market: An In-Depth Look July 8th, 2022 Demand for industrial product has become a runaway train. Both from a leasing and acquisition perspective, there isn’t a week that goes by where an investor, developer, or occupier makes its known that they...

Richmond Hill Industrial Market: An In-Depth Look June 24th, 2022 Demand for industrial product has become a runaway train. Both from a leasing and acquisition perspective, there isn’t a week that goes by where an investor, developer, or occupier makes its known that...

Markham Industrial Market: An In-Depth Look June 17th, 2022 Demand for industrial product has become a runaway train. Both from a leasing and acquisition perspective, there isn’t a week that goes by where an investor, developer, or occupier makes its known that they...

Etobicoke Industrial Market: An In-Depth Look June 10th, 2022 When it comes to strategy, one of the most popular approaches is to go after low-hanging fruit. That’s because, only after the more straightforward aspects have been executed or put into place does it make...

Scarborough Industrial Market: An In-Depth Look June 3rd, 2022 When it comes to strategy, one of the most popular approaches is to go after low-hanging fruit. That’s because, only after the more straightforward aspects have been executed or put into place does it make...

North York Industrial Market: An In-Depth Look May 27th, 2022 When it comes to strategy, one of the most popular approaches is to go after low-hanging fruit. That’s because, only after the more straightforward aspects have been executed or put into place does it make...

Q1 2022 Insight, Toronto-West Markets Establishing True Valuations Across Differing Markets  May 20th, 2022 “Wind extinguishes a candle and energizes fire.” Nassim Taleb Structural shifts within the economy are an effective accelerant of the existing underlying...

Q1 2022 Insight, Toronto-East Markets Establishing True Valuations Across Differing Markets  May 13th, 2022 “Wind extinguishes a candle and energizes fire.” Nassim Taleb Structural shifts within the economy are an effective accelerant of the existing underlying...

Q1 2022 Insight, Toronto-North Markets Establishing True Valuations Across Differing Markets  May 6th, 2022 “Wind extinguishes a candle and energizes fire.” Nassim Taleb Structural shifts within the economy are an effective accelerant of the existing underlying...

Q1 2022 Insight, Toronto-Central Markets Establishing True Valuations Across Differing Markets  April 29th, 2022 “Wind extinguishes a candle and energizes fire.” Nassim Taleb Structural shifts within the economy are an effective accelerant of the existing underlying...

Clarington Industrial Market: An In-Depth Look April 22nd, 2022 “Nothing is more expensive than a missed opportunity.” H. Jackson Brown The Greater Toronto industrial market is growing at a pace never before seen. What was initially pushed to new heights by untapped...

April 8th, 2022 “Nothing is more expensive than a missed opportunity.” H. Jackson Brown The Greater Toronto industrial market is growing at a pace never before seen. What was initially pushed to new heights by untapped potential in the warehousing and logistics sector...

Whitby Industrial Market: An In-Depth Look April 1st, 2022 “Nothing is more expensive than a missed opportunity.” H. Jackson Brown The Greater Toronto industrial market is growing at a pace never before seen. What was initially pushed to new heights by untapped...

Ajax Industrial Market: An In-Depth Look March 25th, 2022 “Victory comes from finding opportunities in problems.” Sun Tzu Generalists and specialists will often disagree with one another when it comes to the assessment or diagnosis of an issue. While the former can...

Pickering Industrial Market: An In-Depth Look March 18th, 2022 “Victory comes from finding opportunities in problems.” Sun Tzu Generalists and specialists will often disagree with one another when it comes to the assessment or diagnosis of an issue. While the former...

Major GTA Industrial Developments - Part 2 March 11th, 2022 If you find yourself thinking that the GTA Industrial market is a little bit crazy - that’s because it is. From over 800 million square feet of space with 0.6% vacancy and rents doubling over the past five...

Major GTA Industrial Developments - Part 1 March 4th, 2022 If you find yourself thinking that the GTA Industrial market is a little bit crazy - that’s because it is. From over 800 million square feet of space with 0.6% vacancy and rents doubling over the past five...

Better than Crypto or Gold: GTA Industrial Land February 25th, 2022 If you find yourself thinking that the GTA Industrial market is a little bit crazy - that’s because it is. From over 800 million square feet of space with 0.6% vacancy and rents doubling over the past...

The Rapid Appreciation of GTA Industrial Assets February 18th, 2022 If you find yourself thinking that the GTA Industrial market is a little bit crazy - that’s because it is. From over 800 million square feet of space with 0.6% vacancy and rents doubling over the past...

Blockbuster GTA Industrial Portfolio Sales February 11th, 2022 If you find yourself thinking that the GTA Industrial market is a little bit crazy - that’s because it is. From over 800 million square feet of space with 0.6% vacancy and rents doubling over the past five...

Q4 2021 Insight, Toronto-West Markets Establishing True Valuations Across Differing Markets  February 4th, 2022 After every paradigm shift, we typically see a diffusion of innovations across the market in tranches. First, we have the innovators themselves who comprise...

Q4 2021 Insight, Toronto-East Markets Establishing True Valuations Across Differing Markets  January 28th, 2022 After every paradigm shift, we typically see a diffusion of innovations across the market in tranches. First, we have the innovators themselves who comprise...

Q4 2021 Insight, Toronto-North Markets Establishing True Valuations Across Differing Markets  January 21st, 2022 After every paradigm shift, we typically see a diffusion of innovations across the market in tranches. First, we have the innovators themselves who...

Q4 2021 Insight, Toronto-Central Markets Establishing True Valuations Across Differing Markets  January 14th, 2022 After every paradigm shift, we typically see a diffusion of innovations across the market in tranches. First, we have the innovators themselves who...

Wishing You the Best of the Holiday Season, Health, and Happiness in the New Year December 17th, 2021 Another year has flown by, and as we approach the Holiday Season, many of us are beginning the process of taking account of our successes and challenges while...

GTA Industrial Investment Market in 2022 December 10th, 2021 “Make time for planning. Wars are won in the general’s tent.” Stephen R. Covey The holidays are coming. And with it comes a slowdown in activity as decision makers, businesses, and the rest of the industry...

GTA Industrial Developments in 2022 December 3rd, 2021 “Make time for planning. Wars are won in the general’s tent.” Stephen R. Covey The holidays are coming. And with it comes a slowdown in activity as decision makers, businesses, and the rest of the industry enjoy...

Q3 2021 Insight, Toronto-West Markets Establishing True Valuations Across Differing Markets  November 26th, 2021 “Only when the tide goes out do you discover who’s been swimming naked.” Warren Buffett In good times, we are faced with an abundance of opportunities to...

Q3 2021 Insight, Toronto-East Markets Establishing True Valuations Across Differing Markets  November 19th, 2021 “Only when the tide goes out do you discover who’s been swimming naked.” Warren Buffett In good times, we are faced with an abundance of opportunities to...

Q3 2021 Insight, Toronto-North Markets Establishing True Valuations Across Differing Markets  November 12th, 2021 “Only when the tide goes out do you discover who’s been swimming naked.” Warren Buffett In good times, we are faced with an abundance of opportunities to...

Q3 2021 Insight, Toronto-Central Markets Establishing True Valuations Across Differing Markets  November 5th, 2021 “Only when the tide goes out do you discover who’s been swimming naked.” Warren Buffett In good times, we are faced with an abundance of opportunities to...

Current and Historical Analysis of Industrial Land Sales - GTA West October 29th, 2021 “To ask the right question is already half the solution of a problem.” Carl Jung When looking for a solution, many experts tend to focus on data, data, data. However, the pairing of...

Current and Historical Analysis of Industrial Land Sales - GTA East October 22nd, 2021 “To ask the right question is already half the solution of a problem.” Carl Jung When looking for a solution, many experts tend to focus on data, data, data. However, the pairing of...

Current and Historical Analysis of Industrial Land Sales - GTA North October 15th, 2021 “To ask the right question is already half the solution of a problem.” Carl Jung When looking for a solution, many experts tend to focus on data, data, data. However, the pairing...

Current and Historical Analysis of Industrial Land Sales - GTA Central October 8th, 2021 “To ask the right question is already half the solution of a problem.” Carl Jung When looking for a solution, many experts tend to focus on data, data, data. However, the pairing...

The Effect of Infrastructure on Commercial Real Estate Forecasting Future Industrial Land, Development, and Property Values October 1st, 2021 Influence is an interesting concept. Game theorists and advertising experts state that it comes in three major forms:...

The Impact of Ontario’s Transportation Plan on Industrial Real Estate Forecasting Future Industrial Land, Development, and Property Values September 24th, 2021 Influence is an interesting concept. Game theorists and advertising experts state that it comes in three...

Historical Industrial Sales Volumes and Major Transactions in GTA West Markets Understanding and Forecasting GTA Industrial Values September 17th, 2021 Beating records is an inspiring - even addictive - phenomenon. The moment you have broken one, whether individually...

Historical Industrial Sales Volumes and Major Transactions in GTA East Markets Understanding and Forecasting GTA Industrial Values September 10th, 2021 Beating records is an inspiring - even addictive - phenomenon. The moment you have broken one, whether individually...

Historical Industrial Sales Volumes and Major Transactions in GTA North Markets Understanding and Forecasting GTA Industrial Values August 27th, 2021 Beating records is an inspiring - even addictive - phenomenon. The moment you have broken one, whether individually or...

Historical Industrial Sales Volumes and Major Transactions in GTA Central Markets Understanding and Forecasting GTA Industrial Values August 20th, 2021 Beating records is an inspiring - even addictive - phenomenon. The moment you have broken one, whether individually...

Q2 2021 Insight, Toronto-West Markets Establishing True Valuations Across Differing Markets  August 13th, 2021 Suppose a vote were taken by all of the commercial real estate professionals in the Greater Toronto Area. Which asset class would they likely agree is the...

Q2 2021 Insight, Toronto-East Markets Establishing True Valuations Across Differing Markets  August 6th, 2021 Suppose a vote were taken by all of the commercial real estate professionals in the Greater Toronto Area. Which asset class would they likely agree is the...

Q2 2021 Insight, Toronto-North Markets Establishing True Valuations Across Differing Markets  July 30th, 2021 Suppose a vote were taken by all of the commercial real estate professionals in the Greater Toronto Area. Which asset class would they likely agree is the...

Q2 2021 Insight, Toronto-Central Markets Establishing True Valuations Across Differing Markets  July 23rd, 2021 Suppose a vote were taken by all of the commercial real estate professionals in the Greater Toronto Area. Which asset class would they likely agree is the...

The Evolution of Values and Rental Rates in GTA-West Understanding the GTA Industrial Market July 16th, 2021 You know most folks just love a good story. A carefully crafted narrative. With all that’s happening around the world and in business - and constantly being...

The Evolution of Values and Rental Rates in GTA-East Understanding the GTA Industrial Market July 9th, 2021 You know most folks just love a good story. A carefully crafted narrative. With all that’s happening around the world and in business - and constantly being...

The Evolution of Values and Rental Rates in GTA-North Understanding the GTA Industrial Market June 25th, 2021 You know most folks just love a good story. A carefully crafted narrative. With all that’s happening around the world and in business - and constantly being...

Understanding the GTA Industrial Market June 18th, 2021 You know most folks just love a good story. A carefully crafted narrative. With all that’s happening around the world and in business - and constantly being bombarded by information - it’s one of the simplest...

Controlling Utility Costs in Your Industrial Facility June 11th, 2021 "Wittgenstein's ruler: 'Unless you have confidence in the ruler's reliability, if you use a ruler to measure a table you may also be using the table to measure the ruler.'" Nassim Taleb One of the...

Controlling Utility Costs in Your Industrial Facility June 4th, 2021 "Anything that can go wrong will go wrong". Murphy’s Law With each passing week it seems that we are collectively testing the systems around us. From supply chains to food processing, and commodities...

Controlling Utility Costs in Your Industrial Facility May 28th, 2021 Once upon a time when industrial facilities were abundant, land was plentiful, labour was available, and both energy and commodities were cheap… one did not have to measure every line item perfectly...

How to Preserve the Value of Your Commercial Real Estate Investment May 21st, 2021 As we feel inflation slowly creep up on us via rising raw material costs, shipping rates, labour, and commodities, many of us are changing or re-examining our short-term investment...

The Impact of Material Cost Increases on Industrial Roofing How to Preserve the Value of Your Commercial Real Estate Investment May 14th, 2021 Who could have predicted what is happening in the world around us? How could we have known that the supply chain issues and...

Q1 2021 Insight, Toronto-West Markets Establishing True Valuations Across Differing Markets  May 7th, 2021 Spring is finally upon us, and despite the sunny outlook and promising signs of global recovery, the Greater Toronto Area is still dealing with the aftermath of...

Q1 2021 Insight, Toronto-East Markets Establishing True Valuations Across Differing Markets  April 30th, 2021 Spring is finally upon us, and despite the sunny outlook and promising signs of global recovery, the Greater Toronto Area is still dealing with the aftermath...

Q1 2021 Insight, Toronto-North Markets Establishing True Valuations Across Differing Markets  April 23rd, 2021 Spring is finally upon us, and despite the sunny outlook and promising signs of global recovery, the Greater Toronto Area is still dealing with the aftermath...

Establishing True Valuations Across Differing Markets  April 16th, 2021 Spring is finally upon us, and despite the sunny outlook and promising signs of global recovery, the Greater Toronto Area is still dealing with the aftermath of a dark winter. Specifically, we...

Navigating the Industrial Site Selection Process April 9th, 2021 Right now, the entire world is going through a period of transition. Everything that seemed to be fastened in the halls of tradition has been thrown up in the air. Whether it be cultural norms, the...

Navigating the Industrial Site Selection Process March 26th, 2021 Right now, the entire world is going through a period of transition. Everything that seemed to be fastened in the halls of tradition has been thrown up in the air. Whether it be cultural norms, the...

Industrial Construction Costs in an Overheated and Undersupplied Market March 19th, 2021 The path to owning an industrial property in the Greater Toronto Area is no easy feat. No matter if you purchase a building or develop one from the ground up, it will require a...

The Often Overlooked Cost of Developing Industrial Land in the GTA Development Charges and Their Impact on Industrial Development March 12th, 2021 The path to owning an industrial property in the Greater Toronto Area is no easy feat. No matter if you purchase a...

A Tale of Two Industrial Buildings How Commercial Properties Are Treated Differently for Tax Purposes March 5th, 2021 “Nothing is so painful to the human mind as a great and sudden change.” ― Mary Shelley Change is becoming a constant force in our daily lives. From...

What’s in Store for Industrial Moving Forward? Quick Facts on E-Commerce, Grocery Sales, & More February 26th, 2021 Many of the pundits in the commercial real estate market are trying to analyze the whirlwind of a year that was 2020 and read the tea leaves for the...

The Best Way to Get Into the ‘Industrial Game’ Investment and Development Strategies February 19th, 2021 Land… They don’t make it any more…. And coupled with ever-increasing demand has led to an appreciation in values.  For instance, let’s compare two fairly similar...

Q4 2020 Insight, Toronto-West Markets Establishing True Valuations Across Differing Markets  February 12th, 2021 Now that we have begun a new year, it feels like, in many ways, that we have passed not just a temporal marker but, also, a symbolic one. While we work...

Q4 2020 Insight, Toronto-East Markets Establishing True Valuations Across Differing Markets  February 5th, 2021 Now that we have begun a new year, it feels like, in many ways, that we have passed not just a temporal marker but, also, a symbolic one. While we work...

Q4 2020 Insight, Toronto-North Markets Establishing True Valuations Across Differing Markets  January 29th, 2021 Now that we have begun a new year, it feels like, in many ways, that we have passed not just a temporal marker but, also, a symbolic one. While we work...