Report | North America Industrial Outlook - Q3 2014
Healthy tenant demand confronted with a limited, quality supply-on-hand is tugging on the nation's vacancy rate. Although new construction is escalating, it does not appear to be overpowering current tenant requirements.
Secondary markets with a one-day drive time to population centers, entitled land sites to accommodate big-box development, a competitive labor force and robust infrastructure continue to evolve as auxiliary hubs to the nation's gateway centers. New construction groundbreakings are increasing.
The year has been good to Mexico's industrial markets, with strong absorption gains from build-to-suit completions.
For Canada, the leasing market improved in Montréal; Toronto had rent growth for its eighth consecutive quarter; and leasing activity remained steady in Vancouver.
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