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Tariffs cast a pall over Toronto’s industrial market

Lease-up of new speculative space has been mixed across the GTA
Kruger Products, a major manufacturer of tissue paper, signed a full-building lease for this newly built warehouse in Whitby last quarter. Much more leasing activity like this is needed to fill the large amount of available industrial space in the GTA, although the threat of tariffs is weighing on the market. (CoStar)
Kruger Products, a major manufacturer of tissue paper, signed a full-building lease for this newly built warehouse in Whitby last quarter. Much more leasing activity like this is needed to fill the large amount of available industrial space in the GTA, although the threat of tariffs is weighing on the market. (CoStar)
CoStar Analytics
February 18, 2025 | 9:51 P.M.

Facing the emerging threat of tariffs, we may see a pullback in demand for available industrial space as manufacturers and distributors assess the situation.

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