Figures

Toronto Industrial Figures Q3 2026

Demand remains resilient as availability holds steady

October 14, 2026 5 Minute Read

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  • Market conditions remained resilient as tenant demand absorbed both existing and recently delivered new supply, keeping the availability rate unchanged at 5.0% for a fourth consecutive quarter.
  • The Greater Toronto Area (GTA) recorded 2.0 million sq. ft. of net absorption in Q3 2026, extending its run of positive net absorption to five straight quarters.
  • At 5.4 million sq. ft., year-to-date net absorption has exceeded totals recorded over the same period in each of the previous three years.
  • Despite a 12th consecutive quarter of declining asking rents, the quarterly decrease was relatively minor.
  • A notable 24 buildings, totaling 2.2 million sq. ft., broke ground in Q3 2026, including 23 speculative projects.
  • The 2026 new supply forecast remains largely unchanged at 8.4 million sq. ft., inclusive of product already delivered this year.