Small Bay, Big Potential: Unlocking Canada’s Industrial Underdog

Institutional investors have largely overlooked Small Bay industrial properties due to scale constraints, leaving a fragmented market ripe for professional management and value creation. As the fundamentals continue to tighten, this segment stands out as one of the most mispriced yet resilient investment opportunities in Canadian real estate. Simply put, Small Bay is nearing a catalyst moment – one where its valuation gap relative to larger industrial assets and replacement costs must close.