Despite an expanding pipeline, data centre demand continues to outpace supply across the Americas, resulting in consistently declining vacancy rates. Canada's largest data centre market, Toronto, saw vacancy decline from five to four per cent so far in 2024.
More capital is expected to flow into REITs in coming months, but it’s likely to be a gradual increase and not a flood. The overall situation is "less bad" than in recent years, one portfolio manager told RealREIT attendees.
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