The Greater Toronto Area West industrial market currently comprises approximately 144 million square feet of inventory, with 3.4 million square feet of new supply under construction as of the end of Q2. This development activity is largely concentrated in the Mississauga and Brampton areas, where land availability and transportation infrastructure are relatively more favorable. The Q2 vacancy rate in GTA West stood at 1.8%, a 30 basis point decline from the previous quarter, reflecting sustained demand for industrial space from a range of users, including logistics and e-commerce operators, as well as manufacturing and distribution companies. Average net rental rates have increased to $14.42 per square foot, a 6.5% rise over the same period last year, driven by tightening market conditions and upward pressure on land and construction costs. As the market heads into the third quarter, attention will be focused on the potential for further vacancy compression and rental rate growth.