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Industrial Space for Lease in GTA

Why is industrial rent so high? The price of rent is based on the demand for a certain location. If there is a lot of demand for an area, then the rent will be higher because the landlord will be able to charge a higher rent. Given the Industrial market in the GTA is -2% vacancy rates. Landlords could charge whatever they want. (Depending the buiding criterias and locatios.)
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