../Morning Post
Posted February11, 2011

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Market

Declining industrial availability, increasing deal velocity encouraging signs for Greater Toronto Area industrial market in 2011

Avison Young releases its Q4 2010 Greater Toronto Area Industrial Market Report

TORONTO - The Greater Toronto Area industrial market, the largest in Canada and one of the largest in North America, saw its availability rate decline for the fourth consecutive quarter, finishing 2010 at 5.2%. This represents an improvement of 100 basis points since the end of 2009.

In the fourth quarter of 2010, all four major districts, which comprise 927 million square feet of industrial space across the GTA, witnessed lower availability rates. As a result, rental rates have stabilized and are poised to rise in the coming quarters. Tenants are taking advantage of plentiful opportunities and favourable market conditions to negotiate advantageous deals for industrial space, as evidenced by strong fourth-quarter 2010 deal velocity that continued from the third quarter.

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