now favours tenants.
A slowdown in the commodities sector and an oversupply of industrial space have led to an increase in vacancy and a compression of rental rates; the vacancy rate is 7.49 per cent.
The average asking net rental rate in Q3 for all industrial buildings was $11.00 per square foot, a drop of nearly $1.00 per square foot net from the same period last year.
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Colliers International says that the commercial real estate market in