Amazon fuels North America's most severe warehouse shortage

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By Hardik in Business
Updated 3 years ago

Finding warehouse space around Toronto has never been harder, and the e-commerce fueled shortage is disrupting businesses and threatening the broader economy. With the pandemic driving a belated embrace of online shopping in Canada, Amazon.com Inc. has been gobbling up warehouses. That's pushed the vacancy rate in the Toronto area down to just 0.5%, making it the tightest market in North America, if not the world.

amazon-fuels-north-america-s-most-severe-warehouse-shortage