Toronto Industrial Real Estate Market

Q1 2026 Toronto industrial market reported vacancy rate at 3.5% (-20 bps QoQ, 0 bps YoY). Average net asking rent at $16.35/sf (-$0.19 QoQ, -$1.00 YoY). Additional indicators included availability rate at 4.4% (-20 bps QoQ, +40 bps YoY), net absorption (quarterly) at 2.7M sf (-1.4M sf QoQ, +700K sf YoY), under construction at 9.0M sf (-1.4M sf QoQ, -5.0M sf YoY), and average sale price at $372.00/sf (-$7.00 QoQ, +$12.00 YoY).

Vacancy, net asking rents, cap rates, absorption, submarket detail and public-REIT exposure across Greater Toronto Area, drawn from broker research. Q1 2026 · Updated July 15, 2026.

Sources: Avison Young industrial Q1 2026; CBRE industrial Q1 2026; Colliers industrial Q1 2026; Cushman & Wakefield industrial Q1 2026; JLL industrial Q1 2026; Lee & Associates industrial Q1 2026 · Q1 2026 broker research