• CoStar forecast: Canada industrial vacancy seen falling below 4% by end-2027, reaching 3.25% by end-2028.
• Vacancy rose from 1.5% in 2022 to 4.75% in 2025; latest reading 4.5% as construction outpaced demand.
• Net absorption rebounded to about 5 million square feet per quarter since early 2026, following negative absorption in H1 2025.
• Absorption projected at 7.5 million square feet per quarter from Q3 2026 through end-2027, easing to about 5 million in 2028.
• Industrial rent growth expected to stay roughly flat through most of 2027, turning positive late-2027, extending into 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202609210900BIZWIRE_USPR_____20260921_BW133061) on September 21, 2026, and is solely responsible for the information contained therein.