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Industrial Tenants Ask Themselves, 'Where’s the Space?'

Lack of Available Industrial Real Estate Has Led to Declining Leasing Activity
Logistics company Dsquare recently signed the largest industrial lease thus far in 2022, taking the entire 817,000 square feet at 4505 Rue Hickmore in Saint-Laurent, Quebec. (CoStar)
Logistics company Dsquare recently signed the largest industrial lease thus far in 2022, taking the entire 817,000 square feet at 4505 Rue Hickmore in Saint-Laurent, Quebec. (CoStar)
CoStar Analytics
September 6, 2022 | 7:56 P.M.

Across Canada, industrial leasing activity has collapsed. In fact, leasing activity for the second quarter of 2022 remains below the average quarterly levels of early 2020 for all seven major Canadian markets.

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