I was reading some unbelievable CRE stats. According to Deloitte Insights in 2019, “Industrial real estate demand [was] expected to increase by 850 million SF, to 14.8 billion SF by 2023 [and] double-digit growth in e-commerce sales [was going to] drive demand for industrial real estate.”
Altus Group reports that the GTA’s commercial real estate investment market set another record in the first half of 2022, registering the highest-ever investment totals–1,677 transactions in the first half of the year. Total investment topped $19.2 billion in the first two quarters of 2022, another big increase compared to the same time in 2021.
Low vacancy has enabled amazing investment activity in the industrial asset class–a record-breaking $2.5 billion in the second quarter alone and “the most investment dollar volume ever recorded in a single quarter for industrial properties.” Total industrial investment in the first half of 2022 was $4.1 billion.
Even better news? Toronto is still the most preferred market in Canada! And investors favoured suburban multiple-unit residential assets, industrial land and food-anchored retail strips here.
While all of that is happening, clients continue to need a sounding board, credible information and expert direction. We’re so ready to deliver, right?