Figures

Quebec City Industrial Figures Q3 2026

Availability begins to ease as the capital meets a new policy landscape

October 30, 2026 5 Minute Read

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  • Availability fell 58 basis points (bps) this quarter to 8.2%, pulling back from Q2’s record high, while vacancy dropped 99 bps to 7.0% and ended an eight-quarter streak of increases.
  • Net absorption turned positive at 133,631 sq. ft., the strongest quarter since Q1 2023, bringing year-to-date absorption to negative 30,515 sq. ft.
  • Listings under 5,000 sq. ft. represent only 4.0% of available space and have the highest net asking rents, while options over 15,000 sq. ft. account for nearly 80.0% of supply and face a more difficult market.
  • The > 26’ clear-height category drove availability downward with a decrease of 333,000 sq. ft. while 18’-26’ and < 18’ categories both increased.