Search
 

Industrial Construction in Canada Down 40%

Though Canada's industrial construction levels have fallen from last year's rates, they are projected to surge back upward in 2010.

By John McCloud | Updated on June 17, 2009

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.