A new analysis from Morguard Corporation credited healthy economic prospects, strong leasing fundamentals, and a modest development cycle for the Canadian industrial real estate segment’s “very positive near-term outlook.”
“Sales volume for the industrial real estate market already stands at a twenty-year high with half a year still to go,” Morguard director of research Keith Reading said.
“With quality space at a premium across much of the country and a solid fundamental outlook for the sector, we expect to continue seeing strong activity to finish the year.”
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Sales of industrial properties in the country’s hottest markets reached a record-breaking $6.1 billion in sales during the second quarter of the year, Morguard stated.
In addition, this year’s Q1-Q2 interval saw transaction volumes increase across all types of commercial real estate nationwide.
The proposed United States-Mexico-Canada Agreement also helped in allaying investors’ concerns.
“The announcement of the trade agreement, and the nature of the details emerging, has eased some of the uncertainty for investors,” Reading explained.
