Figures
London Ontario Industrial Figures Q3 2026
Controlled supply shifts the focus to occupier demand for industrial space
October 19, 2026 5 Minute Read
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- London’s industrial market showed greater balance in Q3 as positive net absorption returned and availability declined to 6.1%. However, negative year-to-date net absorption and a weakening employment backdrop indicate that the improvement in occupier demand remains tentative.
- Supply-side pressure remains limited following a second consecutive quarter without new deliveries. Although construction increased with a project breaking ground on Innovation Drive, 84.8% of the overall pipeline is pre-leased, leaving demand rather than excess development as the main near-term market risk.
- Investment conditions remained mixed as asking sale prices increased for the first time in five quarters, while rising cap rates and elevated financing costs continued to constrain industrial property values.