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GTA Industrial Spark Report: Toronto Strategy Last Mile

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By Peter Garrigan

This Colliers International Spark Report presents an overview of the complexities and benefits of the current supply of highway infrastructure and its relationship with industrial real estate in the Greater Toronto Area.

  • The demand for industrial real estate within driving distance to highway infrastructure in Toronto is far outpacing the total supply.  
  • Companies are continuing to strategically reduce their “last mile” costs to keep up with the multifaceted delivery requirements of their customers. 
  • Since transportation is the highest supply chain cost for last mile delivery, access to efficient highway infrastructure is a paramount consideration for companies.
  • Proximity to highway infrastructure can reduce transportation costs, leading to lower vacancy and increased rental rates for efficient, highway-accessible industrial buildings. 
  • Companies locating in Toronto must look beyond the real estate costs of an industrial building and assess the transportation costs associated with selecting a site.
  • Toronto has a drastically lower supply of total highway infrastructure than most of its North American peers. Canadian regions, particularly Toronto and Vancouver, are currently undersupplied with regards to their highway infrastructure.
Spark_TorontoLastMile

GTA Industrial Spark Report: Toronto Strategy Last Mile

Download Report
For More Information, Please Contact:
Peter Garrigan | Colliers | Toronto West

Peter Garrigan

Executive Managing Director | Greater Toronto Area Brokerage

Toronto West

+1 416 620 2854
+1 416 716 6965
Email

Peter Garrigan is the Executive Managing Director for the Greater Toronto Area Brokerage and National Industrial Brokerage Lead for Canada.

As Exectuive Managing Director, Peter is responsible for helping the growth of all practice groups including Industrial, Office, Investment, Retail and Debt across Downtown Toronto, Toronto West, Toronto North, Burlington, and Kitchener-Waterloo with their respective Managing Directors.

Peter began his real estate career at Colliers in 2004, growing his network as he took on progressive roles within the organization. As the Senior Managing Director, Industrial Practice Group, Toronto Region, Peter empowered, supported, mentored his 60+ advisors to help foster new opportunities with landlords and tenants while growing revenues +130%. He is a big advocate of the tools and integrated services at Colliers, looking at ways to bring the right people together to achieve success for clients and the business.

Peter is one of Colliers’ greatest ambassadors. He cultivates strong relationships with advisors and leaders in real estate across Canada. He has helped recruit over 150+ advisors through his leadership roles, mentored their careers, while growing the business.

On top of his 18 years of commercial real estate experience, Peter has held two-terms as President for the Society of Industrial and Office Realtors (SIOR) Central Canada Chapter and has developed strong ties to the real estate community both locally and nationally.

Peter focuses on maximizing value and minimizing risk by developing unique solutions to achieve clients’ real estate goals. His ability to create relationships with key tenants and landlords has produced many opportunities for his clients.

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