Special Report
Canada Industrial National Report
3Q 2025
Tariff Headwinds Clash With
Interest Rate-Driven Tailwinds
Higher tariffs on non-USMCA-exempt goods and lingering uncertainty have weighed on Canada’s economic growth. The impact has been particularly pronounced in the manufacturing, transportation, warehousing and wholesale industries. Although trade policy will stay a key determinant of the sector’s near-term outlook, lower interest rates could stimulate domestic consumption and support space demand.
• Analysis of trade tensions’ impact on Canada’s industrial sector
• Forecasts for property fundamentals, such as vacancy rates and rent growth
• Discussion on current capital markets landscape and its impact on industrial real estate investing
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