Vacancy rate of big-box warehouses in Toronto, Canada 2009-2023
The vacancy rate of big-box industrial and logistics real estate in Toronto, Canada, increased in 2023, after remaining steady for three years in a row. In the fourth quarter of the year, approximately 1.3 percent of big-box real estate was vacant. Toronto is Canada's largest industrial and logistics real estate market, with nearly half of the country's 1.7 trillion square feet of inventory. Big-box refers to large industrial buildings used for distribution.