GTA West Industrial Market Update: Mid-2026 Outlook for Brampton, Mississauga, and the 401 Corridor

What is CAM (common area maintenance) in industrial real estate?

CAM, or common area maintenance, refers to the costs a tenant pays — on top of base rent — for the upkeep and operation of shared areas in a multi-tenant industrial building. In a typical GTA industrial net lease, CAM is one component of the operating cost recovery alongside property taxes and building insurance, and is charged on a per-square-foot basis proportional to the tenant's share of the building.

What is a letter of intent (LOI) in industrial real estate?

A letter of intent (LOI) in industrial real estate is a non-binding document that outlines the key business terms a tenant and landlord have agreed to in principle before a formal lease is drafted. It covers the essential deal points — rent, term, free rent, TI allowance, options — and signals mutual intent to proceed to a binding lease. While generally non-binding on the business terms, LOIs often include binding exclusivity or confidentiality provisions.

What is clear height in a warehouse or distribution centre?

Clear height in a warehouse or distribution centre refers to the usable vertical space from the finished floor to the lowest overhead obstruction — typically the bottom of the roof structure, sprinkler heads, or HVAC equipment. It is the single most important building specification for warehouse tenants because it determines how many racking levels can be installed and therefore how much product can be stored per square foot of floor space.