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Why is industial rent so high?

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Vadim
(@vplatonovmai)
Posts: 1
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Why is industial rent so high?

 
Posted : 06/04/2022 8:47 pm
Dean
 Dean
(@dean)
Posts: 1
Member Admin
 

The high cost of rent in industrial spaces is a common complaint. The main reason for this is that there is a high demand for industrial space in all shapes and sizes. Areas such as Scarborough, Markham, Richmond Hill,  Pickering, North York, Mississauga, Brampton, Oakville and Etobicoke, Industrial area is required for any company that produces anything that is not just food or beverage. This can include anything from computer parts to medical supplies to furniture. The demand for industrial space is so high that many companies are willing to pay more for it than other companies. The vacancy rate as of June 2022 is -2%. Meaning there is more demand than supply. 

 
Posted : 06/06/2022 12:45 pm
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