Figures

Toronto Industrial Figures Q2 2026

Steady leasing activity supports market stabilization

July 13, 2026 5 Minute Read

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  • Continued leasing activity and a pullback in speculative construction have kept demand in pace with supply, with industrial availability holding at 5.0% for a third consecutive quarter.
  • The Greater Toronto Area (GTA) recorded 1.3 million sq. ft. of net absorption in Q2 2026, marking a fourth straight quarter of positive absorption.
  • Asking rents fell for an 11th consecutive quarter, though the rate of decline has moderated in recent quarters.
  • Approximately 1.1 million sq. ft. of new supply was delivered in Q2, of which 803,000 sq. ft. was speculative.
  • Six buildings broke ground in Q2, all on a speculative basis, totaling 2.1 million sq. ft..
  • A total of 8.2 million sq. ft. of new supply is projected to be delivered in 2026, followed by 7.8 million sq. ft. in 2027.