•The prolonged shortage of available options has prompted asking rents to rise to its highest ever recorded levels, accounting for year-over-year growth of 20.6% to its current value of $8.62 per sq. ft.

•With 12.4 million sq. ft. currently under construction, and more expected to break ground, the forecasted new supply for 2020 is 14.1 million sq. ft.

•A record breaking 2.6 million sq. ft. of new supply was delivered in 2019 to the Toronto North market.