Q3 industrial market remains strong with steady demand for logistics centres

It’s getting easier for businesses to find industrial properties than it was two years ago, but demand is still relatively high in factory land in hot spots such as the Greater Toronto Area, Vancouver and Calgary.

If you’re a builder or owner of industrial space, the party’s not over; it’s just getting quieter. Market reports for the third quarter of 2023 show that demand for industrial property such as warehouse and logistics centres is slowing, but the boost in availability is still not enough to catch up to typical vacancy rates of a few years ago.