Figures

Waterloo Region Industrial Figures Q2 2026

Steady absorption supports Waterloo Region industrial market

July 17, 2026 5 Minute Read

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  • The Waterloo Region recorded 463,000 sq. ft. of positive net absorption in Q2 2026, bringing the year-to-date total to 1.6 million sq. ft. Demand remains steady despite leasing activity moderating from recent peak levels.
  • Market conditions tightened during the quarter, with availability declining 20 basis points (bps) to 6.6%.
  • Approximately 1.0 million sq. ft. of industrial space remains under construction, although development activity has become more measured than in previous years.
  • Asking sale prices remained stable at $261.97 per sq. ft. during the quarter. Limited price movement reflects balanced market conditions and a continued period of normalization.