Demand in the GTA continues to outpace supply, leading to record low availability rates and record high net rental rates.
- Quarter-over-quarter net rental rates have jumped over $1.50, currently at $15.34.
- With the surge in net rental rates, interest rates, and inflation, tenants who have flexibility are starting to put requirements on hold.
- Q2 saw 2.2 million square feet of new supply this quarter but over 75% of that is leased.