Q1 2026 Insight, GTA West Markets

As we move through Q1 2026, the GTA West Markets are demonstrating a notable shift in market dynamics, with vacancy easing for the first time in several quarters and leasing activity reaching levels not seen since 2018. The GTA West region encompassing Brampton, Burlington, Bolton/Caledon, Milton/Halton Hills, Mississauga, and Oakville continues to anchor the western tier of the Greater Toronto Area industrial market. The region benefits from unmatched proximity to Pearson International Airport, direct access to Highways 401, 407, 410, and the QEW, and the most extensive concentration of modern, large-format logistics product in Canada.

In Q1 2026, the GTA West Markets recorded a total inventory of 399,032,350 SF across 5,938 buildings—the largest industrial inventory of any submarket in the GTA. The overall availability rate eased to 5.9%, down from 6.0% in Q4 2025, with lease availability at 5.5% and sale availability at 0.4%. The quarter delivered positive net absorption of 912,867 SF, reflecting the absorption of large-format space that had been available coming into the year. Leasing activity was exceptional at 5,028,120 SF, accounting for 58.0% of all GTA leasing in Q1 2026 and marking only the third time since 2018 that quarterly leasing in the West has surpassed 5.0 MSF. Seven of the GTA’s nine large-format (200,000 SF+) deals this quarter were concentrated in the West.

The GTA West average asking net rent stood at $16.88 PSF with TMI of $3.96 PSF, reflecting the region’s deep institutional-grade product offering. The weighted average asking sale price was $412.43 PSF, primarily driven by industrial condominium activity. These dynamics reflect a market that is actively re-balancing, absorbing prior availabilities while simultaneously attracting new occupier commitments at scale.

The GTA West Markets remain the most strategically significant industrial location in Canada:

• Unrivalled Multi-Modal Connectivity: Direct access to Highways 401, 407, 410, and the QEW, combined with proximity to Pearson International Airport and CN/CP intermodal terminals, enables seamless distribution to all of North America.
• Critical Mass of Modern Logistics Product: Mississauga’s 181M+ SF and Brampton’s 105M+ SF industrial bases—supplemented by rapidly growing inventories in Milton and Halton Hills—offer occupiers the deepest selection of large-format, high-clear logistics facilities in Canada.
• Deep and Diverse Labour Pool: Mississauga, Brampton, and Milton draw from one of Canada’s largest urban labour catchments, supporting 24/7 logistics, e-commerce, and advanced manufacturing operations.
• Most Active Development Pipeline in the GTA: With 5,301,780 SF under construction—led by Bolton/Caledon (3,610,363 SF), Mississauga (768,213 SF), and Brampton (743,403 SF)—the West continues to attract more developer capital than any other GTA submarket.
• Proven Large-Format Demand: Seven of the GTA’s nine 200,000 SF+ leases in Q1 2026 occurred in the West, reaffirming the region as the destination of choice for national and global occupiers requiring scale.

Key Takeaways from Q1 2026 – GTA West Markets

• The overall availability rate eased to 5.9%, down from 6.0% in Q4 2025, with lease availability at 5.5% and sale availability at 0.4%
• There was 5,301,780 SF under construction across the region, with Bolton/Caledon (3,610,363 SF), Mississauga (768,213 SF), Brampton (743,403 SF), and Burlington (179,801 SF) leading activity;
• The quarter recorded strong positive absorption of 912,867 SF, led by Milton/Halton Hills (+457,722 SF), Mississauga (+435,219 SF), and Oakville (+304,569 SF);
• Leasing activity totaled 5,028,120 SF—the highest in the GTA and the third time since 2018 that West quarterly leasing has exceeded 5.0 MSF—led by Mississauga (2,407,764 SF) and Milton/Halton Hills (1,051,056 SF);
• The weighted average asking net rent was $16.88 PSF, with additional rent (TMI) of $3.96 PSF; and
• The weighted average asking sale price was $412.43 PSF, primarily reflecting industrial condominium activity across Brampton, Mississauga, and Bolton/Caledon.

Navigating Q1 2026: Market Dynamics and Forward Outlook

Through the first quarter of 2026, the GTA West Markets have displayed strong fundamentals: record leasing activity, positive net absorption, an easing of vacancy, and the most active development pipeline in the GTA. Several key themes are shaping the current environment.

Leasing Momentum: Q1 2026 leasing activity of 5,028,120 SF was exceptional, anchored by several landmark large-format transactions including 11400 Steeles Avenue East, Halton Hills (439,910 SF), 587 Avonhead Road, Mississauga (362,248 SF), 8115 Trafalgar Road, Halton Hills (327,549 SF), 625 Bronte Road, Oakville (291,296 SF), 8875 Torbram Road, Brampton (271,787 SF), 6525 Mississauga Road (270,738 SF), and 2100 Labrador Avenue, Milton (265,803 SF). Mid-market activity was equally robust, with significant commitments at 3255 Argentia Road, Mississauga (207,051 SF), 6750 Campbellville Road, Milton (165,903 SF), 100 Alfred Kuehne Boulevard, Brampton (162,880 SF), 11319 Derry Road, Milton (152,828 SF), 201 Westcreek Boulevard, Brampton (148,220 SF), and 8119 Trafalgar Road, Halton Hills (131,160 SF). Mississauga remained the most active submarket by leasing volume at 2,407,764 SF, while Milton/Halton Hills posted its strongest quarter in years at 1,051,056 SF.

Vacancy Easing and Sublease Pressure: GTA West vacancy eased 10 basis points to 5.9% in Q1 2026, reversing the upward trajectory observed through much of 2025, according to the Q1 2026 Cushman & Wakefield statistical market summary. The improvement was led by Oakville (down to 7.1% from 8.3%), Milton/Halton Hills (down to 11.9% from 12.8%), and Burlington (down to 5.6% from 6.3%). Brampton was the lone submarket to record an uptick, rising to 6.3% from 6.0%. Sublease availability across GTA West stood at 3,853,166 SF (1.0%)—the highest absolute volume of any GTA submarket—with Bolton/Caledon (1.7%) and Brampton (1.5%) recording the highest sublease rates. Milton/Halton Hills, despite its 11.9% overall vacancy rate, carries a relatively low sublease rate of 0.5%, suggesting the bulk of available space is direct landlord supply rather than tenant-driven offerings.

Investment Activity: Investment and user sale activity was concentrated in Mississauga, which recorded the largest share of West region transactions, including the standout 2510 & 2520 Royal Windsor Drive (297,193 SF) sale to Cadillac Fairview from Carttera at $343 PSF and 2425 & 2475 Meadowpine Boulevard (248,915 SF) at $375 PSF. Both transactions reflect continued institutional appetite for stabilized, well-located GTA West industrial assets at scale. Brampton recorded three meaningful transactions including 4 Auction Lane (64,001 SF) at $323 PSF and 40 & 44 West Drive (26,356 SF) at $598 PSF, while Oakville saw three investment sales—including 2425 Wyecroft Road (54,152 SF) at $257 PSF and 760 Pacific Road (56,863 SF) at $296 PSF. Pricing across the West region ranged from $227 PSF (34 Armstrong Avenue, Halton Hills) to $598 PSF (40 & 44 West Drive, Brampton), reflecting the breadth of asset types transacting from large-bay distribution to small-bay urban infill product.

GTA West Markets –  Mississauga

Mississauga is the largest industrial submarket in Canada with an inventory of 181,354,030 SF across 3,249 buildings. Vacancy edged down to 4.2% from 4.4% in Q4 2025, with positive absorption of 435,219 SF reflecting the lease-up of large-format product. Leasing activity of 2,407,764 SF was the strongest in the GTA, anchored by 587 Avonhead Road (362,248 SF) and 6525 Mississauga Road (270,738 SF). Investment activity was equally robust, with 16 sales recorded in Mississauga during the quarter.

Properties Sold between January 2026 – March 2026, from 20,000 SF plus

Address	Size (SF)	Lot (Ac)	Sale Price	$/PSF	Type
215 Traders Boulevard	41,191	2.32	$13,550,000	$329	Investment
3633 Erindale Station Road	21,790	1.21	$9,650,000	$443	User
5919-5939 Shawson Drive	50,910	14.99	$95,000,000	n/a	User
520 Abilene Drive	101,421	4.95	$28,500,000	$281	User
240 Courtneypark Drive East	107,214	4.43	$34,500,000	$322	Investment
896 Meyerside Drive	46,774	2.43	$17,500,000	$374	User
6180 Danville Road	21,900	1.44	$7,018,000	$320	Investment
1176 Cardiff Boulevard	20,254	1.04	$6,500,000	$321	Investment
6235 Danville Road	25,420	1.46	$7,500,000	$295	Investment
2425 & 2475 Meadowpine Blvd	248,915	11.33	$93,400,000	$375	Investment
2510 & 2520 Royal Windsor Dr	297,193	15.76	$101,840,000	$343	Investment
6780 Columbus Road	31,211	1.71	$11,800,000	$378	Investment
2708 Rena & 2684 Slough St	20,092	1.66	$6,500,000	$324	Investment
6789 Millcreek Drive	43,253	4.00	$16,175,000	$374	Investment
5200 Orbitor Drive	40,291	2.01	$12,500,000	$310	Investment
5 Precido Court	202,810	10.01	$52,000,000	$256	Investment

In Mississauga in Q1 2026, 16 properties were sold totaling 1,320,639 SF; 4 were user sales and 12 were investment sales. The prices achieved ranged from $256 PSF to $443 PSF, with an average building size of 82,540 SF and an average price of approximately $336 PSF.

Properties Leased between January 2026 – March 2026, from 20,000 SF plus

Address	Leased SF	Ceiling Ht.	Net Rent (PSF)
587 Avonhead Road	362,248	40′	TBC
6525 Mississauga Road	270,738	40′	$18.00
3255 Argentia Road, Unit 102	207,051	32′	$16.00
3270 American Drive	119,743	14′-22′	$13.25
6920 Columbus Road	116,883	23’10”	$6.56
2695 Meadowvale Boulevard, Unit 2	96,183	28′	$10.00
300 Pendant Drive	95,000	32′	$17.95*
195 Statesman Drive	92,525	24′	$15.75
6070 Kestrel Road	85,445	32′	N/A*
7381 Bramalea Road	84,840	22′	$8.25
2150 Drew Road	81,471	N/A	N/A*
6650 Pacific Circle, Option 1	78,498	22’6″	$16.00*
8 Falconer Drive & 10 Matlock Avenue	67,417	24′	$10.08
6560 Northwest Drive	53,204	12′-20′	$16.50
6605 Ordan Drive, Unit 1	51,267	23’8″	$17.25*
90 Admiral Boulevard	50,600	26′	$17.50*
5900 Keaton Crescent	49,786	24′	$14.95*
6060 Burnside Court, Unit 3	49,141	30′	$14.12
6365 Netherhart Road, Units 1-10	47,315	18′	$15.50*
2000 Drew Road	43,873	24′	$12.50*
1035 Ronsa Court	42,806	19′	$10.95
190 Ambassador Drive	40,648	N/A	N/A*
5580 Timberlea Boulevard	39,670	24′	$16.95*
1995 Dundas Street East	39,000	14′	$15.00*
6075 Kestrel Road	32,281	17’10”	$19.00
1340 Aerowood Drive	32,135	13’5″	$11.00
6975 Pacific Circle, Unit A	30,880	24′	$17.50*
4560 Eastgate Parkway	29,960	18′	$15.95*
2290 Argentia Road	27,330	21’4″	$15.90
976 Meyerside Drive	26,911	18′	$19.50*
3800A Laird Road, Units 2-3	26,431	24′	$19.95*
6905 Kenderry Gate, Unit 1	24,005	24′	$18.95*
1040-1048 Ronsa Court, Unit 1048	23,641	18′	$15.00*

* The star beside a net rental rate indicates an asking rental rate.

In Mississauga in Q1 2026, 33 properties were leased totaling 2,518,926 SF, with an average building size of approximately 76,331 SF. Net rental rates achieved across the submarket ranged from $6.56 PSF to $19.95 PSF, with an average of $15.03 PSF across deals where rates were available.

 

GTA West Markets – Brampton

Brampton recorded an inventory of 105,805,419 SF with vacancy edging up to 6.3% from 6.0%, and modest negative absorption of 50,409 SF. Despite the vacancy uptick, leasing activity of 660,463 SF was the second-strongest in the West, supported by several mid- and large-format commitments. Sublease availability remained elevated at 1.5% (1,617,187 SF), the second-highest sublease rate in the West, which warrants monitoring as it may exert near-term pressure on achievable rents.

Properties Sold between January 2026 – March 2026, from 20,000 SF plus

Address	Size (SF)	Lot (Ac)	Sale Price	$/PSF	Type
135 Devon Road	20,798	n/a	$7,300,000	$351	User
4 Auction Lane	64,001	2.68	$20,700,000	$323	User
40 & 44 West Drive	26,356	3.98	$15,750,000	$598	Investment

 
In Brampton in Q1 2026, 3 properties were sold totaling 111,155 SF; 2 were user sales and 1 was an investment sale. Prices ranged from $323 PSF to $598 PSF, with an average price of approximately $389 PSF.

Properties Leased between January 2026 – March 2026, from 20,000 SF plus

Address	Leased SF	Ceiling Ht.	Net Rent (PSF)
8875 Torbram Road	271,787	38′	$17.95*
100 Alfred Kuehne Boulevard	162,880	N/A	$12.50*
201 Westcreek Boulevard, Unit 1	148,220	35′	$17.95
2 Colony Court	127,304	27’3″	$12.50*
1 Woodslea Road, 1st Floor	102,000	24’10”	$12.95*
400 Parkhurst Square, Unit 3	86,000	36′	$16.40
400 Parkhurst Square (January)	86,000	36′	$19.25*
8 Abacus Road	64,641	24′	$16.95*
8460 Mount Pleasant Way, Unit 3	58,987	36′	$18.00*
2 Finley Road	32,340	16’5″	$14.50
218 Wilkinson Road, Unit 3	23,035	28′	$17.95

* The star beside a net rental rate indicates an asking rental rate.

In Brampton in Q1 2026, 11 properties were leased totaling 1,163,194 SF, with an average building size of approximately 105,745 SF. Net rental rates ranged from $12.50 PSF to $19.25 PSF, with an average of $16.08 PSF.

GTA West Markets – Milton/Halton Hills 

Milton/Halton Hills recorded an inventory of 39,009,011 SF with vacancy easing to 11.9% from 12.8%, and the strongest absorption performance in the West at 457,722 SF. The submarket remains the highest-vacancy market in the GTA West, reflecting recent waves of new supply delivery; however, the meaningful improvement in absorption signals that occupiers are actively absorbing this product. Leasing activity was robust at 1,051,056 SF, supported by 8115 Trafalgar Road (327,550 SF), 2100 Labrador Avenue (265,803 SF), and 6750 Campbellville Road (165,903 SF). The submarket commands the highest average asking net rent in the West at $17.08 PSF, reflecting the modern specification of the region’s industrial stock.

Properties Sold between January 2026 – March 2026, from 20,000 SF plus

Address	Size (SF)	Lot (Ac)	Sale Price	$/PSF	Type
34 Armstrong Ave, Halton Hills	83,968	4.72	$19,050,000	$227	Investment

In Milton/Halton Hills in Q1 2026, 1 property was sold totaling 83,968 SF as an investment acquisition by Freshouse Foods Ltd. at $227 PSF.

Properties Leased between January 2026 – March 2026, from 20,000 SF plus

Address	Leased SF	Ceiling Ht.	Net Rent (PSF)
11400 Steeles Avenue East, Halton Hills	439,910	36′	TBD
8115 Trafalgar Road, Halton Hills	327,549	42′	$15.85
2100 Labrador Avenue, Milton	265,803	40′	$14.50
6750 Campbellville Road, Milton	165,903	32′	$14.50
11319 Derry Road, Milton	152,828	36′	$12.00
8119 Trafalgar Rd #102, Halton Hills	131,160	42′	$15.80
7472 Fifth Line, Milton	56,710	40′	TBD*
905 James Snow Pkwy, Bldg E, Milton	45,918	32′	TBD*

* The star beside a net rental rate indicates an asking rental rate.

In Milton/Halton Hills in Q1 2026, 8 properties were leased totaling 1,585,781 SF, with an average building size of approximately 198,223 S, net rental rates achieved ranged from $12.00 PSF to $15.85 PSF, with an average of $14.53 PSF across deals where rates were available

GTA West Markets – Oakville 

Oakville recorded inventory of 25,871,321 SF with vacancy easing to 7.1% from 8.3%, and strong positive absorption of 304,569 SF. Leasing activity was robust at 668,954 SF, anchored by the 291,296 SF transaction at 625 Bronte Road (Building A, North Side). Sublease availability remained low at 0.5% (126,837 SF), suggesting that the bulk of available space is direct landlord supply. Three investment sales were recorded in the submarket during the quarter.

Properties Sold between January 2026 – March 2026, from 20,000 SF plus

Address	Size (SF)	Lot (Ac)	Sale Price	$/PSF	Type
2311 Royal Windsor Drive	30,250	2.57	$8,000,000	$264	Investment
2425 Wyecroft Road	54,152	4.05	$13,938,700	$257	Investment
760 Pacific Road	56,863	3.68	$16,811,300	$296	Investment

In Oakville in Q1 2026, 3 investment properties were sold totaling 141,265 SF. Prices ranged from $257 PSF to $296 PSF, with an average price of approximately $275 PSF.

Properties Leased between January 2026 – March 2026, from 20,000 SF plus

Address	Leased SF	Ceiling Ht.	Net Rent (PSF)
625 Bronte Road, Building A	291,296	40′	$17.75
2440 Winston Park Drive	88,402	24′	$16.50
1485 Speers Road	73,000	17′	$13.75*
2360 Cornwall Road, Unit C	53,150	28’8″	$16.95*
2360 Cornwall Road, Unit A	51,110	28’8″	$16.50
499 Great Lakes Boulevard (C/100)	36,194	36′	$17.50*
2200 Speers Road	29,249	18′	$16.00*
1293 North Service Road East	23,403	24′	$18.50*
3272 South Service Road West (E3)	22,107	25′	$17.25*
3272 South Service Road West (E4)	22,013	25′	$17.25*

* The star beside a net rental rate indicates an asking rental rate.

In Oakville in Q1 2026, 10 properties were leased totaling 689,924 SF, with an average building size of approximately 68,992 SF. Net rental rates ranged from $13.75 PSF to $18.50 PSF, with an average of $16.79 PSF across the deals.

GTA West Markets – Burlington

Burlington recorded inventory of 24,657,277 SF with vacancy easing to 5.6% from 6.3%, and positive absorption of 149,642 SF. Leasing activity was 211,431 SF, with notable mid-market commitments. Sublease availability was low at 0.5% (126,750 SF). Burlington’s average asking net rent of $15.07 PSF and the lowest TMI in the West at $2.90 PSF reflect a competitive cost profile relative to other West submarkets.

Properties Sold between January 2026 – March 2026, from 20,000 SF plus

Address	Size (SF)	Lot (Ac)	Sale Price	$/PSF	Type
5330 South Service Road	46,125	3.30	$12,100,000	$262	Investment

In Burlington in Q1 2026, 1 property was sold totaling 46,125 SF as an investment acquisition by GMK Holdings Inc. from BMO Life Assurance Company at $262 PSF.

Properties Leased between January 2026 – March 2026, from 20,000 SF plus

Address	Leased SF	Ceiling Ht.	Net Rent (PSF)
2170 Queensway Drive	51,000	20’4″	$11.50*
1550 Appleby Line	50,204	28′	$15.50*
735-737 Oval Court	46,906	23′	$13.00
1830 Ironstone Drive	46,128	32′	$16.95*
1150 Corporate Drive	40,117	22′	$12.00
1145 Sutton Drive, Units 3 & 4	30,531	24′	$12.50*
1141 King Road, Unit 2	21,618	12′	$11.95*

* The star beside a net rental rate indicates an asking rental rate.

In Burlington in Q1 2026, 7 properties were leased totaling 286,504 SF, with an average building size of approximately 40,929 SF. Net rental rates ranged from $11.50 PSF to $16.95 PSF, with an average of $13.34 PSF.

GTA West Markets – Bolton/Caledon 

Bolton/Caledon recorded inventory of 22,335,292 SF with vacancy rising to 5.7% from 3.5%, and negative absorption of 383,876 SF—reflecting the addition of newly-completed product to availability. Despite the absorption headwind, the submarket commands the most active development pipeline in the GTA at 3,610,363 SF under construction, underscoring developer conviction in long-term demand fundamentals along the Highway 50 corridor. Sublease availability stood at 1.7% (382,592 SF), the highest sublease rate in the Westwhich warrants monitoring.

Properties Sold between January 2026 – March 2026, from 20,000 SF plus

Address	Size (SF)	Lot (Ac)	Sale Price	$/PSF	Type
12535 Coleraine Drive, Caledon	28,876	n/a	$12,500,000	$433	User

In Bolton/Caledon in Q1 2026, 1 property was sold totaling 28,876 SF as a user acquisition by Exclusive Carpentry from Greenpark Group at $433 PSF—reflecting the premium pricing achievable on smaller, well-located product.

No properties leases over 20,000 sf inthe Bolton/Caledon submarket during Q1 2026

What Lies Ahead: Market Outlook

1. Rental Rates – GTA West average asking net rent of $16.88 PSF reflects a market that is actively re-pricing as new supply is absorbed. We anticipate:

• Premium Assets: Newly delivered, high-bay logistics facilities in Mississauga, Milton, and Brampton will be the first to stabilize rents. The strong leasing volumes in Q1 2026 suggest occupiers are willing to commit at current pricing for best-in-class product.
• Mid-Bay and Older Product: Buildings with sub-30′ ceilings, limited dock capacity, or older power infrastructure will continue to face rent compression as occupiers demand modern operational specifications.
• Sublease Pressure: Elevated sublease availability in Bolton/Caledon (1.7%) and Brampton (1.5%) may exert short-term pressure on direct landlord rents, particularly in the 50,000–150,000 SF range.
• Annual Escalations: As the market continues to absorb large-format space, annual escalation provisions will reassert themselves within new lease structures for quality logistics assets in prime locations.

.
2. Property Values- Investment and user demand for GTA West industrial assets remained strong in Q1 2026, supported by sound fundamentals:

• Investment Properties: Cadillac Fairview’s $195M acquisition of two large-format assets from Carttera signals continued institutional appetite for stabilized, well-tenanted GTA West product. Pricing for institutional-grade product is supported by income quality and locational fundamentals.
• User Properties: Owner-occupier demand remains robust, evidenced by transactions ranging from $323 PSF (4 Auction Lane, Brampton) to $598 PSF (40 & 44 West Drive, Brampton) and $443 PSF (3633 Erindale Station Road, Mississauga). Supply constraints on quality user-friendly product continue to underpin pricing.
• Industrial Condominiums: Industrial condominium pricing—which heavily influences the GTA West average of $412.43 PSF—remains elevated in Brampton ($598.44 PSF) and Bolton/Caledon ($576.04 PSF), reflecting strong end-user demand and limited resale supply.

3. Development Opportunities  –GTA West’s active development pipeline of 5,301,780 SF—the largest of any GTA submarket, reflects sustained developer and institutional confidence:

• Bolton/Caledon Highway 50 Corridor: With 3,610,363 SF under construction, Bolton/Caledon is the most active development node in the GTA, targeting large-format logistics and distribution users seeking modern, high-clear product with efficient highway connectivity.
• Mississauga Re-Development: Mississauga’s 768,213 SF pipeline reflects a mix of speculative development and build-to-suit activity, primarily concentrated in established logistics nodes near Pearson International Airport.
• Brampton Logistics Expansion: Brampton’s 743,403 SF pipeline reinforces the submarket’s role as a primary destination for large-format distribution and e-commerce occupiers along the Highway 410/407 corridor.

Burlington Selective Activity: Burlington’s 179,801 SF pipeline—while modest—reflects targeted speculative development for occupiers seeking access to the Burlington/Hamilton labour pool with QEW connectivity.

Conclusion

The GTA West Markets enter the balance of 2026 from a position of strength. Vacancy has eased, absorption has turned strongly positive, leasing activity has reached an eight-year high, and the development pipeline remains the most active in the GTA. The 5,028,120 SF of leasing activity in Q1 2026—led by seven of the GTA’s nine large-format (200,000 SF+) transactions—confirms that the GTA West remains the destination of choice for occupiers requiring institutional-grade logistics space at scale.

For Investors: GTA West offers the deepest pool of investment-grade industrial product in Canada. Pricing has moderated from peak levels, creating selective acquisition opportunities in Mississauga, Brampton, and Oakville. The Cadillac Fairview acquisitions confirm that institutional capital is actively deploying into the region.

For Landlords: Maintaining competitive specifications—ceiling heights, dock capacity, and power infrastructure—is essential to commanding premium rents and minimizing vacancy duration in a market where occupiers have meaningful choice. Properties with functional obsolescence will face continued pricing pressure, particularly in Brampton and Bolton/Caledon where sublease supply is elevated.

For Owner-Occupiers: User sale pricing in the $323–$598 PSF range reflects an active market where end-users are competing for quality product. The current repricing environment presents acquisition opportunities that may not persist as market conditions tighten through 2026.

For Developers: GTA West’s structural fundamentals—Pearson airport access, 401/407/QEW connectivity, deep labour pool, and unmatched institutional tenant demand—continue to support long-term development value. The 5.3 MSF currently under construction signals that capital remains conviction-driven on the region’s long-term outlook.

A significant volume of GTA West transactions continue to be negotiated off-market. To participate in these opportunities, connect with experienced brokers who maintain long-standing relationships with property owners and occupiers across Brampton, Burlington, Bolton/Caledon, Milton/Halton Hills, Mississauga, and Oakville.

For a confidential consultation or a complimentary opinion of value of your property, please reach out to our team.

Until next week…

Goran Brelih and his team have been servicing Investors and Occupiers of Industrial properties in Toronto Central and Toronto North markets for the past 30 years.

Goran Brelih is an Executive Vice President for Cushman & Wakefield ULC in the Greater Toronto Area.

Over the past 30 years, he has been involved in the lease or sale of approximately 25.7 million square feet of industrial space, valued in excess of $1.6 billion dollars while averaging between 40 and 50 transactions per year and achieving the highest level of sales, from the President’s Round Table to Top Ten in GTA and the National Top Ten.

Specialties:
Industrial Real Estate Sales and Leasing, Investment Sales, Design-Build and Land Development

About Cushman & Wakefield ULC.
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries.

In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com.

For more information on GTA Industrial Real Estate Market or to discuss how they can assist you with your real estate needs please contact Goran at 416-756-5456, email at goran.brelih@cushwake.com, or visit www.goranbrelih.com.

Connect with Me Here! – Goran Brelih’s Linkedin Profile: https://ca.linkedin.com/in/goranbrelih