Flex Industrial in Richmond Hill, ON

Richmond Hill Flex Industrial Unit Market

Richmond Hill is the southernmost York Region industrial submarket, positioned immediately north of Markham and east of Vaughan with strong Highway 404 and Highway 407 access. Beaver Creek Business Park is the submarket's flagship industrial node — a well-established mixed-use business park housing a range of distribution, light manufacturing, and professional service tenants in modern mid-bay and small-bay product. Richmond Hill's industrial market has benefited from its position at the 404/407 interchange, which gives tenants simultaneous access to the DVP/Toronto core via 404 South, Markham via 407 East, and Vaughan/Pearson via 407 West. This multi-directional highway access is particularly valued by last-mile logistics operators and e-commerce fulfillment providers serving York Region's high-income residential base. Net asking rents in Richmond Hill range from $15.50 to $18.50 per square foot net. The submarket commands a premium over Aurora and Newmarket reflecting its southern York Region position and the premium Beaver Creek address. Richmond Hill sits in the middle of the York Region industrial rent band — below Vaughan but above Newmarket and Aurora. Michael Law advises industrial tenants and investors across York Region including Richmond Hill, Markham, Aurora, Newmarket, and Vaughan.