Why implement your industrial space in Toronto?

Toronto is a dynamic city with a strong demand for industrial space leasing. With its strategic location, excellent transportation infrastructure, and a large consumer market, Toronto serves as a vital logistics and distribution hub.  

The city offers a wide range of industrial spaces, including warehouses, manufacturing facilities, and distribution centers, to accommodate the needs of various industries. The industrial leasing market in Toronto is competitive, with rental rates influenced by factors such as location, size, accessibility, and specialized features.  

As e-commerce continues to thrive and supply chain efficiency becomes increasingly important, businesses in Toronto seek industrial spaces that offer modern amenities, ample storage capacity, and proximity to major transportation routes. Given the city's economic growth and continued development, Toronto's industrial space leasing market remains a prime choice for businesses looking to establish or expand their operations.  

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How much does it cost to rent an industrial space in Toronto?

The cost of renting an industrial space in Toronto can vary significantly depending on factors such as location, size, amenities, and market conditions. Industrial leasing rates are typically quoted on a per-square-foot basis. The average asking rent for industrial space in Toronto ranged from approximately $7 to $20 CAD per square foot per year, depending on the specific submarket and property type. 

To read: our Toronto MarketBeat Industrial report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels. 

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Are industrial space rents likely to increase in Toronto?

Popular neighborhoods in Toronto

Toronto has several popular neighborhoods that are known for their availability of industrial space for lease. Some of these neighborhoods include:

• Etobicoke: Located in the western part of the city, Etobicoke offers a range of industrial parks and commercial areas, making it a desirable location for businesses requiring warehouse and distribution facilities.
• Scarborough: Situated in the eastern part of Toronto, Scarborough has a mix of industrial areas, including business parks and industrial complexes. It offers a variety of options for businesses seeking industrial space.
• North York: North York is a diverse area with numerous industrial zones and business parks. It provides a range of industrial spaces suitable for manufacturing, warehousing, and distribution purposes.
• Mississauga: Although technically a separate city neighboring Toronto, Mississauga is worth mentioning due to its proximity and vast industrial space offerings. It is known for its large industrial parks, logistics centers, and distribution facilities.
• East York: East York has a mix of industrial and commercial areas, with a variety of industrial spaces available for lease. It is well-connected to major transportation routes, making it an attractive location for businesses requiring easy access to highways and shipping routes. 

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Getting to and from Toronto

Toronto is a major transportation hub and is easily accessible by air, land, and sea. Here are some ways to get to and from Toronto: 

• By air: Toronto Pearson International Airport is one of the busiest airports in North America and serves over 180 destinations worldwide. It is located about 30 minutes from downtown Toronto and is accessible by public transit, taxis, and ride-sharing services. 
• By train: Toronto is served by Via Rail, which operates trains connecting Toronto to major cities across Canada. Toronto's Union Station is a major transportation hub, and is also served by GO Transit commuter trains and buses. 
• By bus: Several bus companies operate services to and from Toronto, including Greyhound, Megabus, and Coach Canada. The city's main bus terminal is the Toronto Coach Terminal, located downtown. 
• By car: Toronto is easily accessible by car via several major highways, including the 401, 427, and the QEW. However, traffic can be heavy, especially during peak hours. 
• By boat: Toronto is located on the shores of Lake Ontario, and is a popular port of call for cruise ships. The city is also connected to several other ports along the Great Lakes via ferry services.