Avison Young Toronto North is in the center of a large geography with substantial office, industrial and retail inventories. The region encompasses several cities and suburbs north and east of central Toronto including Markham, Richmond Hill, Vaughan, North York, and Scarborough and Durham Region. One of the fastest growing regions in the country, with a population of 2.8 million is projected to add another 1.5 million by 2031. The wide variety of culture and ethnicity across the Northeast GTA has attracted substantial foreign investment, new housing growth and an entrepreneurial spirit generating new business across a variety of sectors. The business environment mirrors the diversity of the region with a well-educated, multi-lingual and highly-skilled labour force providing a tremendous opportunity for growth. The area is well served by a range of industry sectors that include information and communications technology, engineering and construction, life sciences, research and development, professional and financial services. Due to its wide geography and adjacency to the urban core, Toronto North is served by four major highways (Highway 400, 401, 404 & 407), public transit (GO, Viva, TTC), and is 20 minutes to the Toronto airport (Pearson International).
Avison Young offers comprehensive real estate valuation and consulting services. Together with our partners and affiliates, we deliver a broad range of valuation, consulting and services to our clients. Whether it is the disposition, acquisition or leasing of facilities, it is imperative to have a clear indication of value to accurately assess the proposed transaction. We can deliver a comprehensive range of commercial real estate consulting services dealing with all property types, small to large as well as multi-national. For more information about our Valuation and Advisory Services, please click here.
The Toronto North office market is the destination for over 500 corporate headquarters and 1,000 high-tech and life sciences businesses. A highly educated and diverse workforce coupled with a pro-business environment are attributes that continue to attract world-renowned corporations to the area. The North office market has a total inventory of 419 buildings with over 44 million square feet of space. It is the headquarters for four of Canada’s Top 10 Research and Development investors and continues to be a catalyst for global investment and trade. The combination of new developments coming to market and advances in transportation infrastructure make it an appealing market for users and investors searching for alternatives outside of Toronto’s downtown.
With more than 367 million square feet of space in 7203 buildings, the Toronto North industrial market services the manufacturing, warehousing, logistics and transportation sectors with a wide variety inventory. Markham, Vaughan and Scarborough are the largest industrial centres in this market, containing facilities that host some of the largest national and multi-national corporations in the Greater Toronto Area.
Regional malls and power centres scattered across the Northeast GTA augment the region’s smaller community and neighbourhood shopping centres. Regional shopping centres include Yorkdale Shopping Centre (North York), Fairview Mall (North York), and Vaughan Mills (Vaughan) all in excess of 1 million square feet. This mix of centres feature a variety of both local and international retailers, providing consumers with limitless options for shopping and dining.
Rapid population growth within Toronto North has been a catalyst for investment within the region in recent years. Like the Canadian market overall, Toronto North is viewed as a stable and safe place to invest, and has thus attracted the attention of foreign buyers. With a range of institutional-grade assets and prime developable lands, the region is sought-after within the international commercial real estate investment community. As the North market continues to grow, it will remain as an attractive location for investment.
Avison Young opened the Toronto North office in 2008 completing the coverage across the GTA’s major markets. The brokerage team has grown steadily since, consistently completing major lease and sales transactions on behalf of tenants, landlords, vendors and purchasers alike, including many large national and international corporate clients. Strong growth accompanied by corporate values and professionalism have given Avison Young the ability to attract new talent and experience in the Toronto North brokerage community. Avison Young’s Toronto North office partners with the company’s brokerage operations across the GTA, as well as both national and internationally on office, industrial, retail, land and investment assignments.
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