Demand for industrial space continues to be extremely strong, with historically low vacancy levels across Canada. However, there are some signs of stabilization as the Q3 2022 national vacancy rate is relatively flat, compared to Q2 2022. In addition, absorption was also lower quarter-over-quarter.
Retail real estate performed strongly in the second quarter of 2022, reinforcing our positive outlook for theremainder of the year. The retail sector’s strength is