Developers of GTHA purpose-built rentals find it’s taking longer than ever to fill empty buildings
Developers of new purpose-built rental buildings are discovering that, unlike the whispered promise from the movie Field of Dreams, just because you build it, renters don’t necessarily come.
Owners of recently completed rental projects in the Greater Toronto Area are finding it’s taking longer than ever to “lease up” empty buildings – a level generally considered to be 95 per cent rented.
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