Warehouses for Lease in Markham, ON

Markham Warehouse Market

Markham is York Region's most established industrial submarket, with the deepest inventory concentration in the 407/404 corridor and the lowest vacancy rate among York Region municipalities. The submarket's position at the Highway 407/404 interchange — with direct 407 access to Vaughan and Pearson Airport to the west and to Ajax and Durham Region to the east — makes it one of the most logistically versatile addresses in the GTA North market. Markham's industrial stock spans a wide spectrum: Steeles Avenue East and Highway 7 East house established 1980s and 1990s-era multi-tenant industrial parks with smaller bays suited to light manufacturing and trades, while the 407/404 node has attracted newer distribution-format buildings with 30-36 foot clear heights for e-commerce, logistics, and food distribution tenants. Markham also hosts a large concentration of technology and life sciences employers in its mixed-use corridors, creating strong demand for specialized light industrial and flex space. Net asking rents in Markham range from $15.50 to $19.00 per square foot net, with newer 407-adjacent Class-A product at the upper end and older multi-tenant stock on Steeles and Highway 7 at $15.00 to $16.50. Markham is the primary York Region market for tenants who prioritize the 407 ETR east-west corridor. Michael Law advises industrial tenants and investors across York Region including Markham, Richmond Hill, Aurora, Vaughan, and the broader 407 corridor.