Charlie Deeks, Chief Investment Officer, will be speaking at the Toronto Real Estate Forum on Thursday, December 3 at 12:55 pm ET, in Session C2:
INDUSTRIAL REAL ESTATE DEMAND CONTINUES TO ACCELERATE: HOW CAN THE NEEDS OF THIS MARKET BE ADDRESSED? WHAT IS ON THE HORIZON
Prior to COVID-19, industrial real estate was on a significant comeback trail. Vacancy across the country had fallen to a historically low level of 2%. NERs and CAP rates reached record numbers in many cases. Over 25 million sq.ft. was under development as demand surged for new higher quality buildings, especially for the distribution and logistics sectors. How has COVID-19 impacted the industrial asset class and these strong leasing, investment and development trends? What challenges have landlords and users had to contend with since March? As is the case around the world, Canada’s $80 billion distribution logistics industry has been severely tested. It is the fastest-growing sector in the logistical supply chain. This is due, in part, to the immense demands generated from a largely quarantined populace for staple needs via e-commerce and the emerging growth of DTC (Direct-to-Consumer). Will this continue as consumers move more permanently to online shopping to meet their needs? This panel will cover these and a wide range of other issues on this very buoyant market.
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