Flex Industrial in Newmarket, ON

Newmarket Flex Industrial Unit Market

Newmarket anchors the northern end of the York Region industrial corridor, positioned at the Highway 404 and Highway 9 intersection approximately 45 kilometres north of Toronto. The submarket benefits from dual highway access — Highway 404 running south to the DVP and Toronto core, and Highway 400 accessible via Highway 9 running west — giving Newmarket-based distribution operators reach into both the eastern and western GTA markets from a single address. Harry Walker Parkway is the submarket's primary modern industrial corridor, housing a mix of newer distribution-format buildings with 28-32 foot clear heights and mid-bay logistics product. Newmarket Industrial Park on the south side of town provides additional multi-tenant inventory with smaller bay sizes suited to light manufacturing, trades businesses, and local distribution. The town's population of approximately 90,000 and York Region's broader 1.2 million resident base provide a deep labour catchment for warehouse and logistics operations. Net asking rents in Newmarket range from $14.00 to $17.50 per square foot net. The submarket offers a meaningful discount to Vaughan and Richmond Hill reflecting its northern position, while maintaining highway access quality that is superior to markets further north. Michael Law advises industrial tenants and investors across York Region including Newmarket, Aurora, Richmond Hill, Markham, and Vaughan.