The industrial real estate market across the Greater Toronto Area has experienced significant expansion since late 2019, with the most notable growth occurring in a pair of peripheral regions, the North GTA West and GTA East industrial submarkets. These areas not only recorded the largest proportional increases in inventory but also led all other regions in increased absolute square footage, showing that this trend is more than just a statistical misnomer.
CoStar Insight
Industrial development sprawls out to Toronto's fringes
Market's uneven expansion produces unusual combination of rising vacancy and rent growth in far western and eastern regions
CoStar Analytics
July 17, 2025 | 12:45 P.M.
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