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Windsor industrial real estate prices smashing records

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Windsor’s industrial real estate market reached new heights in 2023 as a strong fourth quarter saw records smashed for average sales and lease rates and new industrial space under construction.

The average sales price in Windsor ($175.55 per square foot) rose eight times as much as the national average (1.5 per cent). Lease rates climbed 13.6 per cent to $10.53 per square foot, more than double the Canadian average.

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