Toronto Industrial Real Estate Market
Vacancy, net asking rents, cap rates, absorption, submarket detail and public-REIT exposure across Greater Toronto Area, drawn from broker research. Q1 2026 · Updated May 27, 2026.
Availability rate
4.4%
-20 bps QoQ+40 bps YoY
4 broker sources
Vacancy rate
3.5%
-20 bps QoQ0 bps YoY
4 broker sources
Average net asking rent
16.35 $psf
-0.19 QoQ-1 YoY
5 broker sources
Net absorption (quarterly)
2700000 sf
-1400000 QoQ+700000 YoY
5 broker sources
Under construction
9000000 sf
-1400000 QoQ-5000000 YoY
5 broker sources
Average sale price
372 $psf
-7 QoQ+12 YoY
3 broker sources
Vacancy / availability
Headline rate by quarter
Vacancy by class
Rate by building class, per quarter
Net absorption
Square feet absorbed, per quarter
Sub-sector detail
Shaded by position within the trailing 5-quarter range
| Submarket | availability_rate | avg_net_asking_rent_psf | vacancy_rate |
|---|---|---|---|
| GTA West | 5.7% 5.4%–6.2% | $16.56 $16.56–$17.65 | 3.6% 3.1%–6.0% |
| GTA North | 3.2% 2.2%–3.7% | $17.42 $17.15–$18.36 | 2.2% 2.0%–3.3% |
| GTA Central |
Notable transactions
| Type | Property | Size | Price |
|---|---|---|---|
| lease | 400 Anatolian Dr, Vaughan Tenant: Shein · Landlord: Anatolia Capital · Direct, new lease | 535K sf | — |
| lease | 537 Kingston Rd E, Ajax Tenant: Geodis · Landlord: Pure Industrial · Direct, new lease | 470K sf | — |
| lease | 587 Avonhead Rd, Mississauga Tenant: DP World · Landlord: Carttera Private Equities · Direct, new lease | 363K sf | — |
| lease |