This chart displays the total dollar volume invested and the average cap rates for all industrial transactions above $1M in the GTA.
From 2010 to 2019, investment in the GTA industrial sector rose by 176% - up from $1.6B to $4.4B.
Investment volume in the first three quarters of 2020 totalled $3.1B, representing a 5% (or $162M) increase in investment compared to the first three quarters of 2019.
Halton Region saw the greatest increase in investment during this time period, more than trippling from $247M in Q1-Q3 2019 to $913M in Q1-Q3 2020. Halton was followed by Toronto Region which saw an increase in investment volume of 50%, up from $722M to $1.1B.
Durham Region, Peel Region and York Region all saw a decrease in investment in the first three quarters of 2020 compared to the same period last year, falling by 46%, 43%, and 42%, respectively.
The average cap rate for industrial transactions in the GTA during this time period remained stable at 4.8%.
This chart displays the average price per square foot by region for all industrial transactions above $1M in the GTA.
From 2010 to 2019, the average price per square foot for industrial transactions in the GTA rose by 164%, up from $93 to $245 per square foot.
The average price per square foot increased by 13% in the first three quarters of 2020, compared to the first three quarters of 2019, rising from $243 to $274 per square foot.
During this period, all five regions in the GTA saw an increase in their average price per square foot, with the most significant increase seen in Halton Region (up 32%).
York Region saw the smallest increase in its average price per square foot in Q1-Q3 2020 compared to the same period last year, rising slightly from $295 to $302 per square foot. Still, York Region continues to maintain the highest price per square foot for industrial transactions compared to all other regions in the GTA.