Canada industrial insights

Demand for 'Big Box' space moderates as vacancy continued to rise.

October 17, 2023
  • Chad Piche
  • Deborah Saunders
  • Marga Chan
  • Tristan Scott
  • William Schneider

National vacancy notched it's 4th consecutive increase, rising to 2.1% on the quarter. Occupier demand, particularly from large bay users, moderated as the market witnessed net absorption well below the 5 year quarterly average. With a cyclical high in construction deliveries expected over the next 12 months, vacancy is expected to continue it's rise through 2024. However, vacancy is still expected to remain below the long term historic average.

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Toronto industrial insight

Cooling rents suggested a return to moderation despite persistently low vacancy.     
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Calgary industrial insight

Calgary Industrial market continues to grow through new construction deliveries and positive absorption.     
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Montreal industrial insight

Industrial demand weakens as availabilities expand and asking rates contract. 
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Vancouver industrial insight

A shift in warehousing demand is reflected in rising availability.     
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Winnipeg industrial insight

Construction activity has begun in the new CentrePort Canada Rail Park. 
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Southwest Ontario industrial insight

Activity and performance nuanced as market dynamics shift.     
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Ottawa industrial insight

Speculative development reaches a cyclical high as developers remain confident in the market.     
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Edmonton industrial insight

Underlying fundamentals support a resilient industrial market in Edmonton.     
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Saskatchewan industrial insight

Saskatchewan's Industrial Market Demonstrates Resilience.     
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