Canada industrial insights
Under construction space continued to decline from over 52 million s.f. in 2023 to only 25.1 million s.f. in Q1 while tariff uncertainty may continue to push construction lower.
- Chad Piche
- Deborah Saunders
- Anna MacDonald
- William Schneider
- Sam Rehan
Canada’s supply pipeline dwindled to its lowest level since 2020 with only 25.1 million s.f. of space currently under construction. This represents an over 50% decline from the peak of the post pandemic construction boom. Confusion and potentially rising costs of supplies due to tariffs, broad economic uncertainty and declining average rental rates will likely translate into a continued slowdown in 2025.
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Toronto industrial insight
Large bay leasing picked up, but economic uncertainty is on the rise.
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Calgary industrial insight
Vacancy holds, market trends towards stabilization following an influx of new construction deliveries.
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Montreal industrial insight
Stakeholders adopt cautious stance amid rising trade tensions.
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Vancouver industrial insight
Demand for large bay warehouses increased despite tariff uncertainty.
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Winnipeg industrial insight
Winnipeg market has a stable start to the year, but uncertainty is rising.
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Southwest Ontario industrial insight
Vacancy and availability rates show a stable increase while net rents soften.
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Ottawa industrial insight
Ottawa market remains steady as economic storm clouds gather.
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Edmonton industrial insight
Vacancy rises from a cyclical low as uncertainty increases.
