Industrial tenants to re-evaluate real estate needs
Research - JUNE 23, 2021

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Industrial tenants to re-evaluate real estate needs

by Andrea Zander

Industrial lease rates are expected to increase over the next three years, yet the net rate of growth could decline depending on how tenants respond, according to Colliers International. For 58 percent of tenants, affordable lease rates are more important now than before the pandemic.

About 62 percent of tenants would consider moving locations in response to increasing lease rates. The vast majority (85 percent) of those tenants say they would move to a more affordable suburb, with no desire to relocate to a new province.

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