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Toronto Industrial Market Report Q3 2022

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research article

The GTA industrial market continues to experience the pressure of high demand and high prices.

  • The lack of available space has pushed up net rental rates, which have increased by 43.1% year-over-year.
  • Year-to-date absorption in 2022 is similar to 2020 levels, as compared to the record highs of 2021.
  • A 17% decline in the number of sale transactions suggests a slight pull-back from investors, but functional assets are still retaining their value.


Toronto Industrial Market Report Q3 2022

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For More Information, Please Contact:

Peter Garrigan

Executive Managing Director | Greater Toronto Area Brokerage

Toronto West

Peter is committed to accelerating the success of clients by leveraging market knowledge to forge new paths in the industrial Real Estate industry and create connections between landlords and investors and landlords and tenants.  Peter focuses on maximizing value and minimizing risk by developing unique solutions to achieve clients’ real estate goals.

Peter has maximized returns and minimized risk for many large landlords by effectively targeting and securing key tenants.  His strong personable character has enabled him to develop a network of business owners/tenants within the GTA.

Peter’s ability to create relationships with key tenants and landlords has produced many opportunities for his clients.

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Adam Jacobs

Senior National Director, Research | Canada

Toronto Downtown

Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. 

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