Canada Industrial Insights - Q2 2022

Under construction industrial product hit a new cyclical high in Q2 as developers try to keep up with record demand

July 26, 2022
  • Chad Piche
  • Deborah Saunders
  • Matthew Clark
  • Marga Chan
  • Tristan Scott
  • William Schneider
  • Cabot Mackenzie

Under construction space increased by 12.1% quarter-over-quarter to reach 48.3M s.f. Under construction space increased by 3.3M s.f. in Toronto alone, as the market witnessed a flurry of ground breakings this spring. However, rising interest rates and a less certain economic outlook may weight on developers enthusiasm later this year.


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Toronto industrial insights - Q2 2022

The construction pipeline grew as rental rates continued to run hot across the region.     
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Calgary industrial insights - Q2 2022

Developers ramped up speculative construction as vacancy continued to decline.     
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Edmonton industrial insights - Q2 2022

Market participants continue to display confidence in Edmonton’s industrial sector.     
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Montreal industrial insights - Q2 2022

Vacancy remained below 2%, while rental rates continued to surge. 
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Vancouver industrial insights - Q2 2022

While the market remains hot, signs of a cooling market start to show as interest rates rise.     
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Winnipeg industrial insights - Q2 2022

Large transactions underscore strong demand and continue to drive down vacancy. 
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Southwest Ontario industrial insights - Q2 2022

Rising rental rates marked the white hot industrial market in Q2.     
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Saskatchewan industrial insights - Q2 2022

Owner occupants and developers alike have felt the pressure of low vacancy rates. 
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Ottawa industrial insights - Q2 2022

Ottawa industrial market remains hot but may begin to cool later this year.     
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