Wednesday, July 29, 2026
Family Office Briefing on research byLee & Associates·Apr 25, 2023

2022 Q4 North America Market Report

North America industrial market shows record rent growth and low supply in 2022 — family offices should consider co-GP opportunities with disciplined operators.

2022

Key Metrics

MetricValue
U.S. Industrial Rent Growth10.6%
Canadian Industrial Rent Growth17%
U.S. Office Vacancy Rate12.7%
Canadian Office Vacancy Rate8.7%
U.S. Retail Vacancy Rate4.2%
Canadian Retail Vacancy Rate2%
U.S. Multifamily Rent Growth3.6%
Canadian Multifamily Rent Growth7.7%
Toronto Multifamily Vacancy Rate0.6%

Metrics extracted from the source report and independently fact-checked. Method →

Building a thesis around this market? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent real estate strategies.

Peer Network · By Invitation

The Thesis Exchange

Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.