The rapid expansion of e-commerce coupled with prominent population growth is boosting the demand for industrial zones in major cities like Toronto and Montreal, where property prices are among the fastest-growing globally. Despite the addition of a record-breaking 16.3 million square feet of new industrial space to the Canadian market in the final quarter of 2023, demand continues to surpass supply, according to a recent report. This imbalance is particularly evident in major cities throughout the region, where the low availability of industrial space highlights the intense demand. Welland, a city in Southern Ontario, has recently announced that it has exhausted its city-owned industrial land inventory. The sale of the last parcel in the River Road Industrial Park has led the city to explore options for developing new industrial parks to accommodate ongoing demand.

In a testament to the burgeoning industrial market, Dow, a leader in the chemical industry, has committed CAD 8.8 billion to Alberta's Industrial Heartland, projecting an annual core profit growth of CAD 1 billion once fully operational. With the surge in these investments, real estate developers and managers are seizing every opportunity to acquire and develop both existing and new industrial property projects without delay. In a recent news, global asset manager TPG has acquired a 75% stake in a CAD 1.3 billion industrial park portfolio in Canada, previously owned by Oxford Properties. This move reflects the increasing traction and investment in the industrial sector as stakeholders seek to capitalize on the limited availability of industrial properties while eyeing for new development opportunities.

Join us at the Industrial Parks Canada by Trueventus and navigate these trends and explore the future of industrial development. Industry leaders from across the region will share insights on best practices and strategies for developing and maintaining industrial estates. Attendees will gain valuable knowledge about the latest policies, regulations, and incentives impacting industrial parks, and learn how to adhere these frameworks to maximize benefits for all stakeholders involved.