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Ontario  + Office  |  January 28, 2026
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By: Monte Stewart

Southwestern Ontario Industrial Absorption Takes 85% Fall

Southwestern Ontario industrial real estate absorption nosedived 85% year-over-year in 2025, says a new report from JLL.

Year-end 2025 absorption totalled 452,972 square feet compared to about three million sf at the end of 2024.

Meanwhile, the region’s average industrial vacancy rose 170 basis points, due mainly to about 2.6 million sf of new deliveries. The average rent fell 7%, or $1.01 per square foot, year-over-year.

More design-build projects were in the development pipeline, with 64% of projects preleased.

Pictured: Cambridge, Ont.

Photo: Shutterstock

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Mitchell Blaine

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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