Blog

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...

October 6th, 2023 Dear Reader, For this week's newsletter, we are taking some time to reflect, relax, and spend time with family. We are thankful for all of the wonderful things life provides us and for the opportunities we have to make it great. We are grateful to...

September 29th, 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....

September 22nd, 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...

September 8th, 2023 “Once a new technology rolls over you, if you’re not part of the steamroller, you’re part of the road.” Stewart Brand While the above thought may serve as a cautionary tale of the costs of resistance to innovation and missed opportunities,...

August 25th, 2023 “If I had asked people what they wanted, they would have said faster horses.” Henry Ford Every so often, we see a paradigm shift occur that completely changes how an industry operates. In Henry Ford’s case, it saw the proliferation of automobiles in...

Establishing True Valuations Across Differing Markets  August 18th, 2023 When the market has been riding a wave for so many years, when the natural equilibrium has been so far out of balance, and when industrial space has become so sought-after that we see an absolute...

Establishing True Valuations Across Differing Markets  August 11th, 2023 What the industrial market wants, and what it has wanted so desperately for the last few years - is space. Tenants crave space in which to operate and to help facilitate the growth of their...

Q2 2023 Insight, Toronto-North Markets Establishing True Valuations Across Differing Markets  July 28th, 2023 Simplified models are a useful tool when studying complex systems such as a national or global economy. If you’ve ever picked up a business journal, tuned in...

Q2 2023 Insight, Toronto-Central Markets Establishing True Valuations Across Differing Markets  July 21st, 2023 “The stability we cannot find in the world, we must create in our own persons.” Nathaniel Branden Finding one’s own stillness or tranquility is often...

July 7th, 2023 “You will not find it difficult to prove that battles, campaigns, and even wars have been won or lost primarily because of logistics.”  Dwight D. Eisenhower Logistics is an interesting field. Much like industrial real estate, it was never considered...

June 16th, 2023 “You will not find it difficult to prove that battles, campaigns, and even wars have been won or lost primarily because of logistics.”  Dwight D. Eisenhower Logistics is an interesting field. Much like industrial real estate, it was never considered...

June 9th, 2023 As we enter the warm summer months, we continue to see numerous events unfold relating to the economy and the future of work. Top-of-mind for most young professionals and families remains the cost of living and whether they will keep working from home...

June 2nd, 2023 “The Renaissance took place in chaos and plague.” While nothing as dramatic took place in Hamilton, the sixth-largest city in Canada has certainly seen its ups and downs over the past hundred and twenty years. The early 20th century saw major companies...

Establishing True Valuations Across Differing Markets  May 26th, 2023 What does affordability mean to you? When looked at through one lens, it can mean the difficulty in obtaining the necessary resources to acquire or rent a thing. We hear this term often across...

Establishing True Valuations Across Differing Markets  May 12th, 2023 About a decade ago, the industrial market was a critical yet often overlooked asset class within the economy. Manufacturing, logistics, and transportation firms still provided the same services as...

Establishing True Valuations Across Differing Markets  May 5th, 2023 The first thing one learns in selling real estate is that the market doesn’t lie. You know this. It is why people ‘test the market’ when trying to establish true valuations or gauge interest from...

Q1 2023 Insight, Toronto-Central Markets Establishing True Valuations Across Differing Markets  April 28th, 2023 We continue to trod along in what may seem like the ‘Twilight Zone.’ Tuning into discussions and reading about the state of the markets, many stakeholders...

April 21st, 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...

April 14th, 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 31st, 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 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...