Q3 2025 Greater Toronto Area Industrial Market Report

The GTA industrial market continued to adjust in Q3, as vacancy inched up to 4.2 percent, reflecting the gradual absorption of new supply and one of the largest increases in sublease space seen in over a decade. Sublease availability now exceeds seven million square feet, with tenants looking to shed excess space after years of rapid expansion.

Read our Q3 2025 Industrial Market Report for more information on the state of the market and how industrial tenants can leverage current market conditions.