Executing the GTA's Most StrategicIndustrial Real Estate Transactions.
Advising Fortune 100, Fortune 500 and institutional clients on acquisitions, dispositions and leasing across the Greater Toronto Area.
Whether you are expanding your portfolio, renegotiating a lease, or acquiring a strategic industrial asset in the Greater Toronto Area, partner with a trusted advisor whose deep market insight spans every submarket, transaction, and opportunity.
How We Can Help
Comprehensive industrial real estate services across Toronto and the Greater Toronto Area — including lease renewals, listings, user sales, and investment transactions — strategically designed to protect, enhance, and advance your business and investment interests.
Accountability and Proven Track Record in Toronto & GTA Industrial Real Estate
Michael Law serves as a Managing Partner at Lennard Commercial, distinguished as one of the Greater Toronto Area's leading industrial real estate specialists. Over his 15+ year career, he has orchestrated more than 300 transactions exceeding $2.5 billion in value, spanning key markets including Toronto, Mississauga, Brampton, Vaughan, and surrounding regions.
He advises a prestigious clientele—ranging from national distributors and logistics firms to manufacturers, institutional investors, and private owners—delivering tailored expertise in the GTA's dynamic industrial sector. Renowned for his incisive market insights, innovative transaction structuring, and unwavering client commitment, Michael consistently drives optimal outcomes.
Michael Law
Managing Partner
Lennard Commercial
Toronto & Greater Toronto Area
Greater Toronto Area Industrial Expert
Esteemed by NAIOP and the Toronto Regional Real Estate Board for exemplary achievement and sustained excellence in industrial real estate across Toronto and the Greater Toronto Area. A multiple CoStar Power Broker of the Year Award recipient, recognized for exceptional performance, market leadership, and unparalleled expertise in the sector.
Deep Market Intelligence
Proprietary data and boots-on-the-ground knowledge across the 401 Corridor, Peel Region, York Region, and all Greater Toronto Area industrial submarkets — from downtown Toronto to the outer 905.
Client-First Philosophy
Every engagement begins with a comprehensive understanding of your operational and investment objectives, leading to tailored strategies designed to achieve measurable results, long-term value, and enduring partnerships.
Managing Partner at Lennard Commercial
Backed by one of Canada's most respected and trusted independent commercial real estate firms, delivering the strength, resources, and market intelligence of a major brand with the accountability and personalized service of a dedicated partner. At Lennard Commercial, every engagement is guided by a commitment to integrity, performance, and client success — ensuring your objectives are executed with precision at every stage and scale.
GTA Industrial Market Insights
Q1 2026 data shows the first meaningful drop in GTA vacancy in over three years, with leasing activity rebounding and sale pricing holding firm. Positive signals are emerging, though geopolitical uncertainty and a still-slow sales market warrant a measured outlook.
Q1 2026 · Lennard Commercial Realty, Brokerage. Data sourced from CoStar, Altus and Lennard's proprietary research database.
Vacancy dropped from 4.5% in Q4 2025 to 4.2% in Q1 2026 — the first meaningful decline after 13 consecutive quarters of increases. A notable turnaround, especially for a typically softer Q1.
A seventh consecutive quarterly decrease, but the rate of decline has essentially flattened. After peaking at $18.11 in Q2 2024, asking rents appear to be approaching a floor.
Sale pricing remains flat and resilient — consistent near $355 PSF since early 2024. Limited seller distress and thin inventory for sale continue to support pricing.
Total available area across the GTA in Q1 2026, with Q1 transaction volume of ~$1.2B. Leasing activity has shown clear improvement, driven by tenants who deferred decisions throughout 2025.
"The worst of the downward trajectory in the market is likely behind us. The vacancy rate has posted its first meaningful decline since the softening cycle began, and leasing activity has shown clear improvement — even in a quarter that historically tends to see vacancy tick upward."
The Lennard Commercial Realty Market Data, Q1 2026
Get a Complimentary Market Analysis
As a leading industrial real estate broker in Toronto, Michael Law provides custom market intelligence to help you time your decision with precision.
Case Studies
A selection of landmark industrial deals showcasing our range and depth across the Greater Toronto Area.
Google Reviews
What Clients Say
Trusted by tenants, investors, and owners across Toronto and the Greater Toronto Area.
"Michael has been instrumental in multiple land and investment sales for Ripple Developments across the Greater Toronto Area. His ability to source off-market opportunities and structure complex deals is truly exceptional."
Zach Roher
Founder, Ripple Developments
"Michael guided me through my investment purchase in Whitby with precision and professionalism. His knowledge of the Durham Region industrial market gave me the confidence to make a strong, well-informed acquisition."
M. Fantin
Owner, Whitby
"Michael has been our go-to advisor across multiple investment sales in Mississauga, Brampton, Milton, and beyond. His network across the GTA is unmatched — he always finds the right buyer or the right asset at the right time."
Bony S.
President, CNB Computers