London Ontario Industrial Figures Q4 2025

-         London’s industrial market experienced a significant shift in availability in Q4 to 5.3%, reaching a seven-year high. The major driver in the availability rate spikes were three key properties in the East region coming back to market, accounting for 1.0 million sq. ft. of space becoming available.

-         The East Region saw availability rates increase 470 bps to 6.8%, while overall availability rate increased 190 bps to 5.3%. 31 Firestone Boulevard, the former Accuride building, is now fully vacant and brough over 547,000 sq. ft. of newly available space to market. Additionally, 2190 Scanlan brough 270,000 sq. ft. of space to market, as the current tenant, Gap Clothing, no longer needs the space.

-         Overall net asking rents remained stable recording a $0.02 increase to $10.38 per sq. ft. while the East submarket experienced a 6.6% increase to $10.07 per sq. ft.