GTA Industrial Leasing Snapshot - March 2026

Each month, we analyze GTA industrial fundamentals to provide decision-ready insight. Our focus is simple: translate market data into strategy.

March’s data highlights a market continuing to rebalance. Following an extended period of historically tight conditions, supply has begun to return to the market and availability is gradually increasing. While demand remains active, the shift toward a more balanced leasing environment is becoming clearer.

This environment rewards proactive planning, disciplined execution, and informed negotiation.

Availability Is Rising. Strategy Matters More.

The March data reinforces what we are seeing across the GTA industrial market: conditions are normalizing as new supply and expanding availability reshape the landscape.

As illustrated in Figure 1 – GTA Area Fundamentals, industrial availability has steadily increased since the historic lows experienced in 2022. The availability rate has now risen to approximately 3–4% entering 2026, reflecting new supply deliveries and a gradual rebalancing between tenants and landlords.

While the market remains relatively tight by historical standards, the increase in available space is creating new opportunities for occupiers and investors to enter the market with greater flexibility.

The shift is most visible in the relationship between new supply, net absorption, and rising availability trends shown below.

Figure 1 | GTA Area Fundamentals

Source: CBRE - Research. (2025). Canada Industrial Figures Q4 2025: National and Toronto Market Trends. CBRE Canada.

Market Fundamentals

• GTA Industrial Availability: ~3–4% entering 2026

• Quarterly Net Absorption: ~3–4M SF range

• Quarterly New Supply: ~3–4M SF delivered

• Availability Trend: Rising from historic lows in 2022

• 2026 Forecast Deliveries: ~7.3M SF

• 2027 Forecast Deliveries: ~7.7M SF

What This Means for Tenants

• Market conditions are gradually normalizing after extreme tightness

• More space entering the market is improving tenant choice

• Negotiation flexibility is slowly returning in select submarkets

• Early planning provides greater access to new supply and incentives

March 2026 | Planning for Growth

At Stoneleigh Management Inc., our commercial brokerage team works with businesses across the GTA and Eastern Ontario to support expansion, relocation, and acquisition opportunities.

If your company anticipates growth in the coming years, we encourage you to start the conversation with our brokerage team early. Understanding your operational needs and space requirements allows us to identify suitable opportunities and guide you through the market more efficiently.

Our goal is to help businesses position themselves for growth and secure the right space to support their next phase of expansion.

905-404-6562 leasing@stoneleighmgmt.ca

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