Canada industrial insights
Canada's largest markets witness negative absorption in Q1.
- Chad Piche
- Deborah Saunders
- Marga Chan
- Tristan Scott
- William Schneider
Canada's industrial real estate market registered negative absorption on the quarter for the first time in almost a decade. The largest markets in the country led the trend with Toronto, Montreal and Vancouver all witnessing negative absorption. National vacancy increased 60 basis points hitting 3.3% in Q1 while rental rates have largely been flat. However, vacancy remains below the long term average and rental rates have doubled over the last 6 years.
Request insights by city below -
Toronto industrial insight
Sublet market came to prominence as existing tenants maneuvered a stagnant economy.
Request report >
Calgary industrial insight
New development continues to be absorbed as user demand remains strong.
Request report >
Montreal industrial insight
Mounting large-bay availabilities increasingly contributing to softening market dynamics.
Request report >
Vancouver industrial insight
Absorption is negative for the first time since Q1 2020 as low pre-committed deliveries fail to compensate for vacated spaces.
Request report >
Winnipeg industrial insight
Market registers second straight quarter of negative absorption.
Request report >
Southwest Ontario industrial insight
New completions drive vacancy rates and direct asking rents up in Q1.
Request report >
Ottawa industrial insight
Market rents ease as Ottawa returns to a balanced market.
Request report >
Edmonton industrial insight
Vacancy declines as the Edmonton market remains resilient amid economic uncertainty.
Request report >