North York Industrial Real Estate
North York Industrial Space for Lease and Sale
Harjaap reviews every requirement personally and matches qualified tenants and buyers to on-market and off-market space - often within hours, not days.
Or call directly: (647) 740-7500
Harjaap Singh Makkar
Senior Industrial Broker · Colliers International
Find Your North York Space
Answer five quick questions and Harjaap will personally match you to on-market and off-market space.
Responds personally · Confidential
Or call directly: (647) 740-7500
North York Requirement Match
How It Works
Step 1
Answer 5 Quick Questions
Your requirement, size, timeline, and what matters most - takes under a minute.
Step 2
Harjaap Reviews It Personally
Checked against on-market and off-market inventory that fits - not an algorithm.
Step 3
Get Matched Space Directly
A shortlist and a call to discuss next steps, typically the same day.
Client Roster
Companies Harjaap Has Represented
HOOPP
Pension Fund
$132B+ in net assets · one of Canada's largest pension funds
Aftermarket by Parts Panel
Automotive
Among Canada's fastest-growing auto parts distributors
Structural Aluminum
Manufacturing
20+ years in business
UHI Machinery
Equipment Rental
International footprint
Ideal Logistics Group
Transportation
20+ years in business
Canadian Flatbeds Transportation
Transportation
One of Canada's fastest-growing companies
Minimax Express
Transportation
30+ years old · Among Canada's largest
Iqbal Foods
National Food Retailer
Among Canada's largest
PTI Foods
Ethnic Food Distributor
50+ years old · Among Canada's largest
Materials Testing Equipment
Industrial Distributor
IBC Tanks Canada
Industrial Distributor
SUSGlobal Energy
Energy Company
Publicly listed
Peripheral Labs
Tech Startup
Backed by Khosla Ventures
XPV Water Partners
Private Equity
$1B+ in assets under management
Tropical Forest Products
Wood Distributor
Four locations across North America
Hofland
Floral Wholesaler
Canada's largest full-service floral wholesaler
Property Management
10M SF under management
Healgen Scientific
Medical Equipment Manufacturer
Leading global manufacturer
Designed Precision Castings
Investment Casting Manufacturer
In business since 1958
Recent Transactions
Representing Clients Across Every GTA Submarket
6 transactions closed across the GTA in June 2026 and July 2026.
89 Walker Dr, Brampton
Seller Representation
345,000 SF · Sold · June 2026
6200 Tomken Rd, Mississauga
Tenant Representation
79,919 SF · Tenant Renewed · July 2026
490-520 Nash Rd, Hamilton
Seller Representation
5.29 Acres · Sold · June 2026
7131 Edwards Blvd, Mississauga
Buyer Representation
20,059 SF · Sold · June 2026
6 William Morgan Dr, Toronto
Sub-Landlord Representation
27,840 SF · Subleased · July 2026
5641 McAdam Rd, Mississauga
Tenant Representation
16,000 SF · Leased · July 2026
What Clients Say
A selection of feedback from tenants and buyers Harjaap has represented across the GTA.
What stood out most was his remarkable responsiveness - he consistently replied to our inquiries promptly, even during weekends and outside regular business hours. This level of dedication made a significant difference in our ability to make timely decisions throughout the leasing process.
“Even though he happened to be traveling out of town for a wedding at the time, he still made time to make sure our offer stayed competitive. That kind of commitment is rare in commercial real estate, where it's not uncommon for brokers to be unreachable on Fridays.”
“He was professional, attentive and truly took the time to understand what I was looking for. His knowledge of the market and attention to detail gave me great confidence in my decisions.”
“He's easy to talk to, very responsive, and always tries his best to help and follow things through. It's clear he cares about doing a good job.”
“He's approachable, patient, and always willing to explain things clearly. Whenever something comes up, he responds quickly and helps get it sorted without any hassle.”
North York Industrial Market Overview
North York industrial sits within one of the tightest industrial markets in the GTA. The Toronto (Central) market reported 3.1% overall availability in Q2 2026, and North York South - the Colliers-reported submarket covering this corridor - is tighter still at 2.5%, with older building stock, no land for new development, and a labour pool that is unmatched in depth and transit accessibility. For businesses that need to stay inside Toronto, North York offers the most viable combination of in-city location, TTC connectivity, and functional industrial space.
North York Industrial Market: Q2 2026 Snapshot
North York is reported by Colliers as its own submarket - North York South - which recorded 2.5% availability and a 1.2% vacancy rate in Q2 2026, tighter than the broader Toronto (Central) market’s 3.1%. Older building stock, smaller bay sizes, and the complete absence of new development pipeline mean the space that exists is essentially irreplaceable. Tenants who find space and renew consistently hold an advantage that is genuinely difficult to recreate if they ever vacate.
Tighter than the broader Toronto market’s 3.1%
North York South - Q2 2026
No developable industrial land remains in North York
Dufferin, Keele, Jane, Wilson all have direct bus service
Source: Colliers Q2 2026 Toronto Industrial Market Report
North York Industrial Corridors: Rates and Availability
North York’s industrial corridors follow the major north-south arterials - Dufferin Street, Keele Street, and Jane Street - with pockets along Wilson Avenue and Sheppard Avenue West. The building stock is predominantly older, with clear heights in the 18-to-22-foot range and bay configurations suited to light manufacturing, service trades, distribution, and food production. Units in this range are often owner-occupied or long-term tenanted - turnover is low, and quality space surfaces infrequently.
| Corridor | Availability Rate | Asking Net Rent |
|---|---|---|
| North York South | 2.5% | $15.46 PSF |
| Toronto Market (Central, overall) | 3.1% | from $10.85 PSF |
Source: Colliers Q2 2026 Toronto Industrial Market Report.
The Labour Argument for North York
North York industrial space draws from a labour pool that no suburban market can replicate. The Dufferin, Keele, and Jane corridors are all served by TTC bus routes connecting directly to the subway network, which means a shift-work workforce that does not require car ownership. For food processing, small-batch manufacturing, and fulfillment operations where labour cost and availability drive site selection above all other factors, the North York corridor consistently outperforms Brampton or Mississauga on staffing economics despite higher per-square-foot rent.
Proximity to Toronto’s Consumer Base
Last-mile delivery economics favour locations close to the end consumer. North York sits within 15 minutes of the geographic centre of the Toronto CMA, giving distribution operations direct access to 3 million+ city residents without the route complexity of navigating from the 401 corridor. For e-commerce fulfillment, food distribution, and service businesses where delivery density matters, the in-city location reduces fleet hours and fuel cost in ways that a lower base rent in Brampton rarely offsets.
No Pipeline: The Scarcity Case
North York has no industrial land left for new development. Every available unit is second-generation space in an existing building, and those buildings rarely reach the open market before being spoken for through broker networks. Tenants who find suitable space, negotiate properly, and renew consistently are holding a position in the market that simply cannot be replicated - there is no new building that will offer the same location at a lower rent in two years. That scarcity is the strongest argument for securing North York space when it becomes available.
Smaller Units, Owner-Occupier Opportunity
North York industrial units skew smaller than the GTA average - many buildings in the Dufferin and Keele corridor consist of multi-tenanted units in the 3,000-to-10,000 SF range. These units attract trade service businesses, light manufacturing, and food operations that need a Toronto address at a manageable footprint. Industrial condominium ownership in this corridor offers businesses a permanent Toronto location at a capital cost that remains meaningful below comparable retail or office alternatives, with the added benefit of zero lease renewal risk in one of the GTA’s tightest industrial markets.
Buying Industrial Property in North York
Industrial ownership in North York is a long-term hold thesis built on irreplaceability. With no new supply possible and transaction volume low, buildings in this corridor trade infrequently and hold value well. Buyers who acquire freehold or industrial condo units in North York are purchasing a fixed position in one of Canada’s most labour-accessible and consumer-proximate industrial locations - a position that strengthens every time a competing tenant fails to renew and has nowhere comparable to go.
Harjaap Singh Makkar operates across the Toronto market and has access to ownership-level conversations in North York through the Zonado platform. Buildings in this corridor rarely surface on the open market before they are under contract. Off-market access is not optional here - it is the primary channel through which ownership opportunities emerge.
Tenant Representation in North York
North York industrial tenants who approach landlords directly enter negotiations without knowledge of what comparable units in the corridor achieved over the past 12 months - and in a market with this few transactions, that information gap is significant. Tenant representation is funded by the landlord in every transaction. What it adds is a broker with transaction-level data on the corridor and access to off-market availability before it is formally listed.
For tenants whose specific requirements cannot be satisfied within North York’s current availability, Harjaap Singh Makkar maintains active coverage across the Toronto market and adjacent corridors in Etobicoke and Vaughan. The right building may be one submarket over - the goal is finding it, not defending a predetermined geographic boundary.
Lease renewals in North York deserve particular attention. Landlords in this corridor have limited incentive to offer concessions in a market with no competing new supply. A broker who has executed comparable transactions in the same buildings over recent cycles brings context that changes what is achievable at renewal.
Industrial Real Estate Across the GTA
North York sits at the northern edge of Toronto’s urban industrial core, adjacent to Vaughan to the north and Etobicoke to the west. When North York availability is exhausted, these adjacent markets provide the closest alternatives with comparable access to Toronto’s labour pool. Explore options below, or visit the GTA industrial space overview for a full market-wide comparison.
Toronto
All Toronto corridors - Scarborough, Etobicoke, core. Availability 3.1%, rates from $10.85 PSF.
Etobicoke
Dixon Road, Rexdale, Evans Ave corridor. South Etobicoke at 4.9% availability, $16.03 PSF.
Vaughan
Northern industrial hub. Availability 3.6%, $17.29 PSF. Strongest absorption in GTA North this quarter.
Mississauga
Meadowvale, Dixie/Matheson, Airport Road. Rates from $16.27 to $19.21 PSF.
Brampton
Highway 410/427/407 corridor - one of Ontario's most active logistics markets.
Milton
Highway 401 corridor. One of Ontario's fastest-growing industrial nodes.
Let’s Talk About Your Industrial Real Estate Need
Whether you’re searching for space, looking to sell or lease a property, or simply trying to understand what the current market means for your business.
Prefer to call? (647) 740-7500