Toronto Industrial Figures Q1 2026

‒    Following a strong finish to 2025, Q1’s momentum continued, with 2.0 million sq. ft. of positive absorption, equating to a combined 8.1 million sq. ft. across the last three quarters.

‒    The GTA continues to demonstrate resilience, with its availability rate holding steady at 5.0% after two consecutive decreases.

‒    Rental rate decreases continue to slow, falling by only $0.06 per sq. ft. quarter-over-quarter to $16.32 per sq. ft.

‒    The GTA under construction pipeline has fallen to its lowest levels since 2018.

‒    The new supply pipeline increased slightly to a total 8.0 million sq. ft. anticipated in 2026, including projects already delivered in Q1, and 9.2 million sq. ft. in 2027.

‒    Design build projects, which continue to represent a significant portion of the pipeline, account for one third of the forecasted new supply in 2026 and one fourth in 2027.