Family Office Briefing on research byNewmark·May 27, 2026

Toronto Industrial Market Report 1Q26

Newmark's 1Q26 Toronto industrial report covers the Greater Toronto Area's 959 MSF market, where vacancy edged down to 3.0% as net absorption of ~1.9 MSF outpaced ~841K SF of deliveries.

Industrial

Key Metrics

Metric	Value	Change / Context
GTA Vacancy Rate	3.0%	down from 3.1% at year-end 2025
GTA Availability Rate	4.5%	stable QoQ
GTA Total Inventory	959.6MSF	—
GTA Net Absorption	1.9MSF	1Q26
GTA Construction Deliveries	0.84MSF	1Q26 (~841K SF)
GTA Space Under Construction	9.8MSF	below 5-year avg of ~12.6 MSF, ~half of 2022-23 peak
GTA Estimated Asking Rent	17.0C$/SF	flat in 1Q26
GTA 1Q26 Leasing Activity	5.2MSF	—
GTA 2025 Annual Leasing	29.3MSF	strongest in a decade, above 10-year avg of ~18.4 MSF
GTA 1Q26 Sales Volume	1.5C$B	strongest opening quarter since 2023, ahead of 1Q24 and 1Q25

Metrics extracted from the source report and independently fact-checked. Method →

How a family office could deploy

Co-GP / Platform Capital · share the promote

Partner with a GTA-focused logistics developer or operator as co-GP or fund a GP platform to share promote on modern big-bay distribution assets in York or Peel, where tightening vacancy (2.1% and 2.9% respectively) and disciplined new starts are creating pricing power for institutional-grade product.

Direct / Separate-Account Ownership

Acquire stabilized, high-clear-height distribution assets in York or Peel directly (or via separate account) to control repositioning, capture rent growth as availability in modern product tightens fastest, and benefit from owner-occupier incentives under the federal Productivity Super-Deduction.

LP Allocation

Commit as LP to a GTA industrial fund targeting modern logistics assets, though this sacrifices governance, speed and access to deal flow that co-GP or direct structures provide in a recovery market.

How family offices deploy capital into real estate →

Full report

Newmark

Read the full report at Newmark →

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