CoStar forecasts Canada industrial rents to grow late 2027

CoStar forecasts Canadian industrial vacancy to fall below 4% by end-2027 and reach 3.25% by end-2028. Net absorption is projected to rebound to about 7.5 million square feet per quarter from Q3 2026 through end-2027, easing to about 5 million in 2028. Industrial rent growth is expected to stay roughly flat through most of 2027, turning positive late-2027.