Figures

Quebec City Industrial Figures Q1 2026

Small bay remains steady despite large bay supply shock

May 4, 2026 5 Minute Read

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‒    Availability rate in the Greater Québec City Area (GQA) recorded an increase of 80 basis points (bps) quarter-over-quarter, reaching 8.5% in Q1 2026.

‒    More large bay spaces from the Transrapide Group portfolio was added to the market in Q1 2026. As a result, average net asking rates were reduced to $13.41 per sq. ft.

‒    Net asking rates in the <26’ clear height range experienced the largest quarter-over-quarter decrease.

‒    Availability remains tight in the under 5,000 sq. ft. category. This segment of the market has a more balanced landlord–tenant dynamic. Landlords with options for sub-divisibility in this size range will be able to accommodate this space crunch.