Q2 2026 GREATER TORONTO AREA INDUSTRIAL MARKET REPORT

Overall vacancy declined to 3.8% in Q2 2026, while availability fell to 5.5% as leasing activity strengthened and the development pipeline continued to shrink.

One of the most notable trends is the widening gap between new and second-generation industrial space. As more options become available, tenants are increasingly favouring newer facilities, while the supply of new industrial product is expected to fall from roughly 2 million SF of quarterly deliveries in 2026 to less than 1 million SF by late 2027.

Download the full Q2 2026 Greater Toronto Area Industrial Market Report to explore what these trends could mean for rental rates, lease negotiations and occupancy costs, along with practical considerations for occupiers planning a lease renewal or relocation.