What is the average cost for warehouse space in Canada?

As of late 2023, the average cost for warehouse space in Canada varies significantly depending on the location and market conditions, typically ranging from CAD 10 to CAD 20 per square foot annually. Major urban centers like Toronto and Vancouver tend to command higher rates, often exceeding CAD 20 per square foot, while smaller cities may offer lower prices. Factors such as proximity to transportation hubs and demand for logistics space also influence rental rates. It's advisable to consult local real estate listings for the most accurate and current pricing.