Market Flash – April 2019
- Despite 7 of 10 Canadian markets tracking availability rates at or near their respective 10-year lows, anticipated new supply lags at 1.2% of the current inventory.
- 69.4% of 2019’s projected new supply has already been pre-leased and only 13 developments can accommodate a 200,000 sq. ft. requirement.
- Tight market conditions are expected to persist, including a sustained low availability rate environment and further rental rate appreciation.
- Users may need to consider secondary markets as well as “renew-and-improve” options for current space.
