Q1 2026 GTA Industrial Market Report
The GTA industrial market continued to rebalance in Q1 2026, creating a more strategic environment for occupiers. Vacancy held at a healthy 4.1 percent, while availability increased to 5.8 percent, giving tenants more choice and flexibility than they have seen in recent years.
Average asking net rents moved to $16.36 per square foot this quarter as the market adjusts from the rapid run-up in pricing seen over the past several years. While rates have moderated, they remain well above pre-2020 levels, reinforcing the importance of careful planning around upcoming lease events.
Economic uncertainty, evolving tariff policy, and ongoing cost pressures are also shaping occupier decisions. Many businesses are prioritizing consolidation into more efficient facilities, while others are using current conditions to pursue renewals, relocations, or ownership opportunities on more favourable terms.
Looking ahead, we expect the market to remain balanced through 2026. With new supply slowing and leasing activity gradually improving, well-positioned occupiers have an opportunity to act while leverage remains in their favour.
Read more in our Q1 2026 GTA Industrial Market Report:
Average asking net rents moved to $16.36 per square foot this quarter as the market adjusts from the rapid run-up in pricing seen over the past several years. While rates have moderated, they remain well above pre-2020 levels, reinforcing the importance of careful planning around upcoming lease events.
Economic uncertainty, evolving tariff policy, and ongoing cost pressures are also shaping occupier decisions. Many businesses are prioritizing consolidation into more efficient facilities, while others are using current conditions to pursue renewals, relocations, or ownership opportunities on more favourable terms.
Looking ahead, we expect the market to remain balanced through 2026. With new supply slowing and leasing activity gradually improving, well-positioned occupiers have an opportunity to act while leverage remains in their favour.
Read more in our Q1 2026 GTA Industrial Market Report: