Ontario

London Industrial Market Report 2025 — Prices, Cap Rates & Trends

In the London industrial market, the median recorded sale price is $2,700,000, across 115 recorded transactions, between 2021-10-08 to 2025-12-25.

Analyze a deal

$2.7M

Median sale price

115

Recorded transactions

-5.3%

YoY change in median

Price distribution

Where London industrial sale prices sat across 115 recorded transactions.

Median sale price by year

4 of 5 years in the window carried enough recorded sales to plot a median for London industrial.

Recorded transaction volume by year

Year	Recorded transactions
2021	2
2022	24
2023	34
2024	30
2025	25

This market vs. Ontario overall

Metric	London	Ontario
Median sale price	$2,700,000	$2,194,500
25th percentile	$1,578,000	$1,325,000
75th percentile	$5,961,938	$4,750,000
Recorded transactions	115	29,749
Year-over-year change	-5.3%	-5.5%

Asset classes in London

Asset class	Median price	Transactions
Industrial	$2.7M	115
Land	$3.3M	94
Multifamily	$2.2M	198
Office	$2.4M	71
Other	$1.8M	188
Retail	$2.1M	139

Industrial across Ontario markets

Market	Median price	Transactions
Barrie	$2.7M	73
Belleville	$4.9M	15
Brantford	$3.5M	71
Greater Sudbury	$1.9M	46
Guelph	$3.1M	71
Hamilton	$3.1M	236
Kingston	$1.6M	48
Kitchener-Cambridge-Waterloo	$4M	242
London	$2.7M	115
Oshawa	$4.1M	96
Ottawa	$3.4M	163
Peterborough	$2.6M	16
St. Catharines-Niagara	$2.6M	87
Thunder Bay	$1.3M	39
Toronto	$2.8M	1,836
Windsor	$2.3M	119

Rental market context

The CMHC Rental Market Survey reports a 4.0% purpose-built rental vacancy rate for London (2025). This is residential rental context, not a commercial metric.

Recent recorded sales

Month	Area	Price band	Type
2025-12	London, ON	$3.5M–$4.0M	Industrial
2025-12	St. Thomas, ON	$1.5M–$2.0M	Industrial
2025-11	London, ON	$1.0M–$1.5M	Industrial

Municipality, month and price band only.

Common questions

What is the median industrial sale price in London?

$2,700,000, across 115 recorded transactions in our dataset.

Are London industrial prices rising or falling?

The median recorded sale price changed -5.3% year over year in the most recent full comparison.

Methodology

This page draws on 115 recorded commercial transactions in London between 2021-10-08 and 2025-12-25, from the EVALUAITE Market Intelligence dataset. A city and asset class is published only once it carries at least 50 recorded transactions.

Too few of these sales reported a cap rate to publish a range, so none is shown. 4 of 5 years carried enough sales to plot a median; the rest report volume only. The year-over-year comparison had enough sales on both sides to compute. CMHC rental context is available for this market.

Prepared by the EVALUAITE Market Intelligence team.