Toronto Industrial Real Estate
Warehouse for Rent & Sale in Toronto
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 Toronto 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
Toronto 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.
6 William Morgan Dr, Toronto
Sub-Landlord Representation
27,840 SF · Subleased · 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
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.”
Toronto Industrial Market Overview
Toronto’s industrial market is one of the most supply-constrained in North America. The best spaces in Scarborough, Etobicoke, and the core are absorbed before they reach a public listing. Tenants and buyers who succeed here are the ones with off-market access and a broker who knows every corridor.
Toronto Industrial Market: Q2 2026 Snapshot
Toronto’s Central market recorded negative absorption of 81,158 SF in Q2 2026 - a pause after Q1 gains rather than a shift in fundamentals - while GTA-wide vacancy fell to 2.2%, its lowest level since Q3 2024. 1.5 million SF is now under construction across the city, concentrated in Scarborough South. The best-located buildings in Scarborough and Etobicoke continue to absorb before they reach a public listing.
Up from 2.8% a year ago
Central Toronto weighted average
Tightest submarket in the city
Third straight quarter above 2M SF
Source: Colliers Q2 2026 Toronto Industrial Market Report
Toronto Industrial Submarkets: Rates and Availability by Corridor
Toronto is not one industrial market - it is a collection of distinct corridors with meaningfully different economics. Understanding where to look, and why, is the difference between finding a viable option and spending six months on a search that goes nowhere.
| Submarket | Availability Rate | Asking Net Rent |
|---|---|---|
| Toronto Core | 0.7% | $10.85 PSF |
| Scarborough West | 1.0% | $17.10 PSF |
| Scarborough East | 1.5% | $17.50 PSF |
| Scarborough South | 5.6% | $13.89 PSF |
| South Etobicoke | 4.2% | $16.19 PSF |
| North Etobicoke | 4.5% | $14.02 PSF |
| Central (weighted avg) | 3.1% | $14.88 PSF |
Source: Colliers Q2 2026 Toronto Industrial Market Report
Scarborough: The Premium Tier
Scarborough West and Scarborough East together represent the tightest industrial corridors in the city, at 1.0% and 1.5% availability respectively - effectively no available inventory in any meaningful sense. Businesses seeking space here need off-market access or the willingness to act the moment a space becomes available. Asking rents of $17.10 to $17.50 PSF reflect a submarket where demand consistently outpaces supply. Scarborough South, the largest of the three Scarborough submarkets, tells a different story entirely - 5.6% availability and $13.89 PSF - a reminder that “Scarborough” is not a single market.
Etobicoke: Value and Volume
North and South Etobicoke offer comparatively higher availability - 4.5% and 4.2% respectively - and represent the closest thing to a tenant-friendly environment in the Toronto market. South Etobicoke commands $16.19 PSF, while North Etobicoke sits at $14.02 PSF, making it one of the more compelling value plays within city limits. For businesses that need QEW and 427 access without the scarcity premium of Scarborough, this corridor consistently delivers options.
Toronto Core: Scarcity as a Market Condition
The Toronto core industrial market is a paradox: asking rents of $10.85 PSF are far below surrounding submarkets, but 0.7% availability - the tightest of any Toronto submarket - means there is almost nothing to lease. There were no notable lease transactions in the Toronto core during Q2 2026 - a data point that says everything about supply scarcity in this corridor. Businesses that need true urban infill locations must be prepared to move quickly and, in most cases, to access deals before they reach the open market.
What Tenants Compete For
In Toronto’s constrained market, the buildings that move fastest share a specific profile: 28-foot or higher clear height, dock-level loading (minimum 4 doors per 10,000 SF), sufficient truck court depth for 53-foot trailers, and reliable 600-volt power for manufacturing or refrigerated operations. Buildings that meet all four criteria are absorbed within weeks of listing. Those that fall short - particularly on clear height - can sit longer even in tight markets.
Highway Access: Why It Drives Industrial Value in Toronto
Toronto’s industrial geography is shaped by its highway network. The 401 runs east-west across the city and connects directly to Highway 400 heading north and the 427 heading south toward the airport. The Don Valley Parkway provides access to the east end of the city and connects with the 401 near Scarborough. The QEW runs along the lake through Etobicoke and into Mississauga.
Location relative to these corridors is the primary driver of industrial lease rates in Toronto - more so than building vintage, unit size, or landlord identity. A 30,000 SF unit at a 401/427 interchange commands a meaningfully different rent than an equivalent unit two kilometres north on a secondary arterial. For tenants running distribution or logistics operations, the difference in transportation cost over a five-year term far exceeds the difference in rent.
For businesses moving goods across the GTA, a Toronto industrial location provides unmatched access to the city’s consumer base and labour pool - factors that are difficult to replicate in suburban markets even when land costs are lower.
Buying Industrial Property in Toronto
Industrial ownership in Toronto has become an increasingly competitive investment thesis. GTA-wide freehold industrial sale prices averaged $335 PSF in Q2 2026. Condo and strata industrial units averaged $496 PSF. Sales activity eased from a four-year high last quarter to a still-healthy 141 transactions completed across the GTA in Q2 2026, with total volume holding steady at 4.3 million SF - reflecting long-term confidence in the asset class even as individual deal counts normalize.
For owner-operators, buying industrial space in Toronto locks in occupancy costs in a market where lease rates have trended upward over any meaningful time horizon. For investors, GTA industrial real estate has delivered some of the strongest returns of any commercial asset class in Canada over the past decade, driven by supply constraints that are structural rather than cyclical.
The purchase process - particularly for freehold buildings - involves environmental assessments, zoning confirmation, and financing structures that differ meaningfully from residential real estate. Harjaap Singh Makkar has guided buyers through acquisitions in every size range and configuration across Toronto, working within the Colliers due diligence and research infrastructure to eliminate surprises at the finish line.
Industrial Real Estate Across the GTA
Toronto is one part of a GTA-wide industrial market that spans nearly 890 million square feet of inventory. Harjaap Singh Makkar covers every major GTA submarket. Explore by city below, or visit the GTA industrial space overview for a market-wide perspective.
Mississauga
Meadowvale, Dixie/Matheson, Airport Road. Rates from $13.37 to $19.14 PSF.
Brampton
Highway 410/427/407 corridor - one of Ontario's most active logistics markets.
Vaughan
Northern industrial hub with direct 400/407 access and strong lease demand.
Oakville
Growing market along QEW and Highway 407 with premium facility inventory.
Milton
One of Ontario's fastest-growing industrial nodes, anchored by Highway 401.
Hamilton
Most cost-effective industrial market in the Golden Horseshoe.
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