Canada's industrial market saw vacancy decline for the first time since 2022
Insight
21 April 2026
Canada Industrial Market Dynamics - Q1 2026
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Canada's industrial vacancy registered 5.1%, a 10 basis point drop from last quarter and the first time vacancy has declined since 2022. While stronger of user demand has played a role, the rapidly declining speculative construction pipeline has also provided tailwinds to this trend.
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