Toronto is North America’s fastest-growing tech market, edging out Washington, D.C. for third spot. Vancouver jumps to No. 12, and Montreal comes in at No. 13
A quarterly snapshot of Canadian commercial real estate cap rates and investment trends.
Led by 1.1 million sq. ft. of positive net absorption in downtown centres, the national overall vacancy rate decreased 20 basis points (bps) quarter-over-quarter to 11.3%.
There is 23.3 million sq. ft. of industrial space under construction across Canada. Led by large bay projects in Vancouver and Toronto, this figure represents 1.3% of the national inventory.
An interactive analyzer tool to view individual market and property type investment statistics
For Canadian commercial real estate, 2019 presents a once-in-a-generation moment characterized by record low vacancy rates, rising rents, a wave of new construction and an unprecedented landlord bargaining position.
CBRE Canada's incoming CEO