Ontario

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

In the Toronto industrial market, the median recorded sale price is $2,796,626, across 1,836 recorded transactions, between 2021-09-13 to 2025-12-31.

Analyze a deal

$2.8M

Median sale price

1,836

Recorded transactions

6.2%

YoY change in median

Price distribution

Where Toronto industrial sale prices sat across 1,836 recorded transactions.

Median sale price by year

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

Recorded transaction volume by year

Year	Recorded transactions
2021	51
2022	263
2023	521
2024	492
2025	509

This market vs. Ontario overall

Metric	Toronto	Ontario
Median sale price	$2,796,626	$2,194,500
25th percentile	$1,359,846	$1,325,000
75th percentile	$9,525,000	$4,750,000
Recorded transactions	1,836	29,749
Year-over-year change	+6.2%	-5.5%

Asset classes in Toronto

Asset class	Median price	Transactions
Industrial	$2.8M	1,836
Land	$8.5M	617
Multifamily	$2.9M	1,462
Office	$2.5M	772
Other	$3.3M	1,047
Retail	$2.1M	1,287

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 3.0% purpose-built rental vacancy rate for Toronto (2025). This is residential rental context, not a commercial metric.

Recent recorded sales

Month	Area	Price band	Type
2025-12	Ajax, ON	$7.0M–$8.0M	Industrial
2025-12	Mississauga, ON	$4.0M–$4.5M	Industrial
2025-12	Brampton, ON	$750K–$1.0M	Industrial

Municipality, month and price band only.

Common questions

What is the median industrial sale price in Toronto?

$2,796,626, across 1,836 recorded transactions in our dataset.

Are Toronto industrial prices rising or falling?

The median recorded sale price changed +6.2% year over year in the most recent full comparison.

Methodology

This page draws on 1,836 recorded commercial transactions in Toronto between 2021-09-13 and 2025-12-31, 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. All 5 years in the window carried enough sales to plot a median. 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.