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Q3 2025 GTA Industrial Outlook
Lucero Commercial Group
May 17, 2026
The GTA industrial market showed its first clear signs of stabilization in Q3 2025 after roughly two years of rebalancing. Following a tariff-induced pause in occupier decision-making during Q2, leasing activity resumed across most sectors, producing a 10 basis point decline in overall availability to 5.1%, the first improvement in an extended stretch of rising availability (CBRE Research).
The full analysis
The complete report breaks down submarket-level absorption, net effective rents, and the supply pipeline through the coming quarters, with transaction comparables and the capital-markets read behind each trend.
It also details the demand drivers reshaping the market and where the team sees pricing and vacancy heading, alongside the underwriting assumptions that inform our current mandates.
