Defining warehouse classifications: a 2026 GTA guide
By Michael Law · Industrial Real Estate Broker, Lennard Commercial Realty
Unlock insights on defining warehouse classifications in the GTA to enhance lease negotiations and operational efficiency in 2026.
About Michael Law
Managing Partner and Industrial Real Estate Broker at Lennard Commercial Realty. Representing tenants and landlords across Toronto and the GTA for 15+ years. Michael specializes in GTA industrial real estate — connect with Toronto's leading industrial broker at mlawrealestate.com/industrial-broker-toronto.
Related Articles
More Toronto Industrial Real Estate Insights
Articles & Analysis
What an Industrial Property Broker Actually Does
Read →Industrial market data sources: 2026 guide for investors
Discover essential industrial market data sources for 2026. Learn how to leverage credible resources for smarter investments in GTA real estate.
Read →Industrial Real Estate Trends in 2026
Read →Industrial land development factors: 2026 GTA guide
Discover essential industrial land development factors for 2026 GTA projects. Learn how to optimize site selection and avoid costly delays!
Read →What Due Diligence Before Closing Means
Read →Common Questions
What is a personal property tax in industrial real estate?
Personal property tax in industrial real estate refers to taxes levied on a tenant's movable assets located within the leased premises — equipment, machinery, inventory, and fixtures that are not permanently attached to the building. Unlike real property tax (which is the building owner's obligation), personal property tax is the tenant's direct responsibility and is typically excluded from the operating cost recovery in a net lease.
Read →What is a right of first refusal in an industrial lease?
A right of first refusal (ROFR) in an industrial lease gives the tenant the contractual right to match any third-party offer the landlord receives on an adjacent or specified space before the landlord can lease it to someone else. It is a space-control tool that lets an expanding tenant secure future growth space without committing to it upfront.
Read →What is CAM (common area maintenance) in industrial real estate?
CAM, or common area maintenance, refers to the costs a tenant pays — on top of base rent — for the upkeep and operation of shared areas in a multi-tenant industrial building. In a typical GTA industrial net lease, CAM is one component of the operating cost recovery alongside property taxes and building insurance, and is charged on a per-square-foot basis proportional to the tenant's share of the building.
Read →