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Absorption surges as recent leasing activity materializes into occupancy
Toronto’s industrial market entered 2026 with improving occupancy trends, as year-to-date net absorption reached 4.2 million square feet (msf)—more than double the 1.9 msf recorded across all of 2025. This elevated absorption largely reflects the conversion of leasing activity from recent quarters into occupied space, highlighting the lagged impact of stronger leasing momentum through late 2025.