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Canada is in danger of running out of warehouse space by the end of the year, thanks to the boom in e-commerce sparked by the pandemic.
While a near-record 26.1 million square feet (2.4 million square meters) of logistics real estate is under construction, much of it is already leased, according to a report released Tuesday by commercial-property brokerage CBRE Ltd. And with vacancy rates for existing warehouses at historic lows, it soon may become nearly impossible for businesses to find places to store their goods.
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Warehouse Space Seen Running Out in Canada by the End of 2021 bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.