JLL: North America Industrial Demand Stalled

TORONTO-While the industrial market is still slow across North American, an almost complete lack of new development across the continent has some experts at Jones Lang LaSalle believing that demand will start to return by the end of this year. The company recently released its first quarter industrial outlook report for North America.

Canada suffered throughout 2009 and today, in part because of weaker trade as exports of goods and resources remain dampened by the strength of the Canadian dollar, according to JLL. However, a limited supply of quality industrial product, particularly in the greater Toronto area, may spur earlier than expected speculative development as early as the Q2 2011, the company said.