Industrial Broker Richmond Hill
Richmond Hill and York Region industrial leasing, sales, and investment. Michael Law — Managing Partner, Lennard Commercial Realty. Multi-year CoStar Power Broker.
Richmond Hill Industrial Market — 2026
Richmond Hill sits at the heart of York Region's industrial corridor, one of the GTA's most supply-constrained and high-demand submarkets heading into 2026. Vacancy across Richmond Hill and the surrounding York Region industrial nodes sits below 3% — among the tightest in the GTA. Net asking rents for Class A space range from $18–$23/sf NNN, with landlords holding firm on pricing given persistent demand from manufacturing, food processing, and last-mile logistics tenants. Richmond Hill benefits from direct access to Highway 404, Highway 400, and the 407 ETR, connecting tenants to Toronto, Markham, Vaughan, and Newmarket. For investors, York Region industrial has delivered consistent cap rate compression and rent growth, making it one of the most sought-after industrial investment destinations in Ontario.
Richmond Hill Industrial Brokerage Services
Tenant Representation
Finding and negotiating industrial space in Richmond Hill and York Region for tenants. Lease structuring, TIA negotiation, free rent, and market comparables.
Landlord Representation
Reducing vacancy and maximizing lease terms for Richmond Hill industrial landlords. Full marketing, tenant qualification, and lease execution.
Investment Sales
Acquisition and disposition of Richmond Hill industrial assets. Cap rate analysis, due diligence coordination, and buyer/seller representation.
Sale-Leaseback
Structuring Richmond Hill sale-leaseback transactions for owner-users seeking to unlock capital while retaining operational use.
Michael Law
Industrial Real Estate Broker, Managing Partner
Lennard Commercial Realty · RECO #4874682
Work With Richmond Hill's Industrial Broker
Michael Law is a CoStar Power Broker and Managing Partner at Lennard Commercial Realty, with 300+ closed transactions and $2.5B+ in deal volume across the GTA including Richmond Hill and York Region. Whether you are leasing, buying, selling, or evaluating a sale-leaseback in Richmond Hill, contact Michael for a confidential consultation.
Book a Consultation →Explore GTA industrial real estate by location
Richmond Hill Industrial Real Estate — Frequently Asked Questions
What is the average industrial lease rate in Richmond Hill in 2026?
Richmond Hill industrial net asking rents in 2026 range from approximately $18 to $23 per square foot NNN for Class A space — among the highest in the GTA outside of Toronto proper. The tight sub-3% vacancy rate gives landlords significant pricing power, though tenants can still negotiate free rent and tenant improvement allowances on select deals with longer lease terms.
What are the best industrial areas in Richmond Hill?
Richmond Hill's primary industrial nodes include the Newkirk Road and Chrislea Road employment areas, the Leslie Street corridor near Major Mackenzie Drive, and properties with direct Highway 404 access. The 404/407 interchange area is particularly sought-after for last-mile logistics and regional distribution operations.
Why is Richmond Hill attractive for industrial tenants and investors?
Richmond Hill offers direct access to three major highways — 404, 400, and 407 ETR — making it one of the best-connected industrial locations in York Region. Its proximity to Toronto (30 minutes) combined with lower land costs than the 416 makes it ideal for businesses needing GTA access without downtown pricing. For investors, the sub-3% vacancy and strong tenant demand have driven consistent rent growth and cap rate compression.
How does Richmond Hill compare to Vaughan for industrial space?
Richmond Hill and Vaughan share similar highway access via the 400/404/407 corridors, but Vaughan has historically absorbed more new Class A supply. Richmond Hill tends to have tighter vacancy and slightly higher rents on comparable product. Vaughan offers more large-format distribution opportunities while Richmond Hill is stronger for mid-bay manufacturing and food processing users.
Should I lease or buy industrial space in Richmond Hill?
Given Richmond Hill's sub-3% vacancy and consistent appreciation, ownership is compelling for owner-users with the capital and a long-term horizon. The limited availability of freehold product means opportunities to purchase are rare and competition is strong. Leasing remains the better option for businesses with uncertain space needs or shorter time horizons. A Richmond Hill industrial broker can provide current comparables and model both scenarios.