TORONTO-While the industrial market is still slow across NorthAmerican, an almost complete lack of new development across thecontinent has some experts at Jones Lang LaSalle believing thatdemand will start to return by the end of this year. The companyrecently released its first quarter industrial outlook report forNorth America.

Canada suffered throughout 2009 and today, in part because ofweaker trade as exports of goods and resources remain dampened bythe strength of the Canadian dollar, according to JLL. However, alimited supply of quality industrial product, particularly in thegreater Toronto area, may spur earlier than expected speculativedevelopment as early as the Q2 2011, the company said.

“Tenants should continue to find good value, however, this isexpected to change toward the end of the year,” said Fraser Plant,VP of industrial services in Canada, in a statement. “With a slowrecovery underway, 2010 should be a better year for overall leasingactivity.”