Average asking rents increase for the first time in 2 years as market conditions start to recover
27 July 2026
Insight
27 July 2026
Canada Industrial Market Dynamics - Q2 2026
Categories:
Authors
Chad Piche
Anna MacDonald
William Schneider
Sam Rehan
Beruk Ayenew
Average asking rents were $15.13 in Q2, a slight increase from $15.10 last quarter. This is the first quarterly rise in rates since Q2 2024. Early signs of a market recovery are increasingly apparent with vacancy either stable or decreasing in all but 2 markets.
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