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Toronto's industrial vacancy rate continues to decline in second quarter

West side leads way with 1.1 million-square-foot lease in Milton
Toronto's industrial vacancy rate declined to 4.9% in the second quarter, said Cushman & Wakefield. (Olivier Gariépy/CoStar)
Toronto's industrial vacancy rate declined to 4.9% in the second quarter, said Cushman & Wakefield. (Olivier Gariépy/CoStar)
CoStar News
July 15, 2026 | 4:12 P.M.

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The vacancy rate for the Greater Toronto Area’s industrial market continued to trend lower from an 11-year high at the beginning of the year.

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