BY TERRENCE BELFORD
THE GLOBE AND MAIL
Industrial real estate, the often overlooked stepsister in the commercial property sector, has emerged as a true Cinderella.


“We are in great shape right across the country,” says Keith Reading, vice president of research at Toronto-based real estate broker Colliers International. “Vacancy rates are low in every major centre, new buildings are leasing up quickly and new development is going on at a conservative pace.”

The boom in industrial space is being driven by unprecedented demand, not just from tenants but from investors as well, says Stefan Ciotlos, executive vice-president at CB Richard Ellis Ltd.