Q1 2025 GREATER TORONTO AREA INDUSTRIAL MARKET REPORT

WORKPLACE

After years of razor-thin availability, the GTA’s industrial market is finally stabilizing. Vacancy has reached 3.3%, giving tenants more options and, importantly, more leverage. But here’s the catch: not all deals are created equal. Net rents have dipped slightly to $17.26 per square foot, yet landlord concessions vary.

Read our Q1 2025 Industrial Market Report for more information on the state of the market, and how industrial tenants can leverage current market conditions.

April 25, 2025

TRANSACTION MANAGEMENT