MARKHAM, ON-Though Canada’s industrial construction levels have fallen from last year’s rates, they are projected to surge back upward next year and take an even bigger leap in 2011, according to the newest bi-monthly report from CanaData, a division of Reed Construction Data.
While only 4 million square feet of new industrial projects are expected to go into construction this year, compared to 6.6 million square feet of actual construction last year and 6.8 million square feet in ’07, the company forecasts the total will jump to 6 million square feet next year and 8 million square feet two years from now.