Canada industrial insights
The Canadian Industrial market continued to cool with both rising vacancy and downward pressure on rental rates
- Chad Piche
- Deborah Saunders
- Marga Chan
- Tristan Scott
- William Schneider
The Canadian Industrial Market continued to experience cooling market conditions as vacancy rose 50 basis points quarter-over-quarter to 3.8% while rental rates declined 0.2% to $15.98. Toronto, Montreal and Vancouver witnessed the most pronounced shift in market dynamics while most smaller markets saw relatively steady market conditions.
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Toronto industrial insight
Construction activity rebounded despite tough economic headwinds.
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Calgary industrial insight
Market fundamentals remain strong, although occupant demand is slowing.
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Montreal industrial insight
Pricing gap between owners and occupiers narrows as industrial market normalizes.
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Vancouver industrial insight
Rental rates witnessed a modest decline as transaction activity remained slow.
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Winnipeg industrial insight
The market continues to see limited leasing activity for space over 20,000 sq. ft.
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Southwest Ontario industrial insight
Vacancy rises while average rates fall as new projects delivered in Spring.
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Ottawa industrial insight
Transaction activity picks up as Ottawa’s market remains resilient.
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Edmonton industrial insight
Demand from oilfield users keeps vacancy low.
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