Warehouses for Lease in Richmond Hill, ON
Represented by Michael Law — industrial broker, Lennard Commercial Realty
Region
North GTA
Avg Net Rent
$16.50/SF(Q1 2026)
Availability
4.6%
Clear Heights
24'–40'
Highway Access
Highway 404, Highway 407, Hwy 7
Richmond Hill Warehouse 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.
Sourcing Warehouses for Lease — My Approach
When I source warehouse space for a tenant, the rent number is the last thing I look at — not the first. The questions that actually drive a successful warehouse lease are: what is the building's true power capacity (often the bottleneck for racking, automation, or refrigeration), what is the trailer storage and yard depth (critical for any 3PL or distribution use), what is the clear height under the joists versus the deck (a common 2-3 foot misrepresentation in listing materials), and what does the dock-to-door ratio actually look like at peak operating volume. I walk every short-listed building with the tenant's operations lead, not just the real estate lead, because the person who actually runs the floor catches things the marketing brochure hides — slope of the slab, location of the column grid relative to racking layout, sprinkler density for the proposed commodity classification. A great warehouse lease starts with the operational fit, not the per-square-foot rent. Rent is the negotiation that comes after we've found the right building.
More Richmond Hill Industrial Real Estate Insights
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