Industrial remains the tightest asset class in Canada heading into 2026. National availability sits near historic lows, and while a wave of new logistics supply is landing around the GTA and Metro Vancouver, absorption has kept pace in most core submarkets.

Rents have moderated from their peak but remain well above pre-2021 levels. Tenants are signing longer terms to lock in space, while investors continue to favour well-located distribution assets near major highways and ports.

The takeaway for occupiers: plan renewals early, and lean on a broker who tracks live availability rather than stale listings.