•In July, the industrial capacity utilization rate rose to 86.1%, its highest level in 12 years, signaling rising production pressures across the country.

•National industrial availability reached a new market low dropping 20 bps to 3.9% in Q2 2018.

•Toronto, Montreal and Winnipeg each achieved all time low availability rates in the quarter, with four other markets either at or hovering around 10-year lows.

•Construction activity in 2018 is on track to reach a two-year high of nearly 20 million sq. ft.

•The development pipeline expanded to 19.4 million sq. ft. in the quarter, the highest amount of national construction activity since Q3 2015.

•Seven markets reported year-over-year rental rate increases, resulting in the national rate reaching $7.21 per sq. ft., the highest rate on record.