BOUNDLESS DEVELOPMENT OPPORTUNITIES
Mississauga is a land with unlimited development opportunities. Home to the second largest industrial and commercial building inventory in the Greater Toronto and Hamilton Area (GTHA) and with more area to grow, Mississauga can accommodate your business investment needs.
Real Estate Market Indicators (2018) Industrial Building Inventory 154,878,018 sq. ft. Commercial Building Inventory 31,634,107 sq. ft. Vacant Employment Land Inventory 1,673 acres Total Value of Construction Activity (2017) $1.197 billion Source: CoStar Property Analytics, and City of Mississauga, Planning & Building Department 2017 Vacant Lands Inventory and Building Permit Reports
Centrally located in the Toronto-Waterloo Innovation Corridor, Mississauga remains a cost competitive market.
Industrial Net Rental Rate Comparisons Commercial Net Rental Rate Comparisons
Net Rent per Square Foot Net Rent per Square Foot
Barrie $5.18 Barrie $13.16 Waterloo $6.06 Hamilton $13.32 Burlington $6.19 Waterloo $14.74 Hamilton $6.40 Brampton $14.86 Vaughan $6.58 Mississauga $16.11 Toronto $6.58 Burlington $16.29 Brampton $6.63 Richmond Hill $16.70 Mississauga $6.86 Markham $16.80 Milton $6.89 Vaughan $17.26
Oakville $7.00 Oakville $18.88 Markham $7.17 Toronto $19.45 Richmond Hill $7.54 Milton $22.50 Source: CoStar Property Analytics, Q2 2018
Industrial Building Sales Price Comparisons Commercial Building Sales Price Comparisons Average Sales Price per Square Foot Average Sales Price per Square Foot
Hamilton $17.26 Hamilton $156.89 Barrie $51.81 Brampton $191.40 Waterloo $71.43 Burlington $193.99 Burlington $109.76 Barrie $202.69 Toronto $127.81 Richmond Hill $225.40 Brampton $146.73 Milton $254.26 Mississauga $156.47 Mississauga $264.91 Richmond Hill $167.19 Vaughan* $317.60 Milton $173.58 Waterloo $317.62 Vaughan $199.93 Markham $431.41 Oakville $206.87 Toronto $484.77 Markham $317.41 Oakville $532.31 Source: CoStar Property Analytics, January 1 to June 30, 2018. *Based on last 12 months
thefutureisunlimited.ca Connect with Mississauga’s Economic Development Office today. 1-800-456-2181 or [email protected]
Industrial Municipal Tax Comparisons, 2018 Commercial Municipal Tax Comparisons, 2018
Total property tax for a $4 million assessed building Total property tax for a $2 million assessed building
Markham $74,973 Milton $32,182 Richmond Hill $76,398 Markham $32,240 Vaughan $77,027 Richmond Hill $32,826 Mississauga $88,966 Vaughan $33,085 Brampton $97,759 Oakville $34,122 Toronto $97,882 Burlington $35,559 Milton $99,729 Mississauga $39,681 Oakville $106,015 Brampton $42,830 Burlington $110,671 Toronto $48,077 Waterloo $126,752 Whitby $50,857 Kitchener $128,460 Oshawa $57,413 Cambridge $134,321 Guelph $61,020 Guelph $141,903 Waterloo $63,376 Whitby $141,952 Kitchener $64,230 London $144,759 Cambridge $67,161 Oshawa $161,709 London $72,380 Source: Finance/Tax Departments of respective municipalities *See City of Mississauga 2018 Final Tax Rates for detailed property tax information.
A range of industrial and commercial building stock to fulfill your business development requirements.
Total Inventory (sq. ft.) Availability Rate Net asking Rent per Square Foot Commercial Industrial Commercial Industrial Commercial Industrial Class A 7,073,462 5,660,812 13.4% 8.8% $19.19 $7.44 Class B 16,978,367 68,835,014 14.5% 2.3% $15.97 $6.90 Under 10,0000 sq. ft. 1,082,667 3,014,333 5.7% 1.0% $17.54 $7.80 10,000-19,999 sq. ft. 1,287,678 12,355,255 4.5% 1.6% $15.69 $7.02 20,000-49,999 sq. ft. 4,153,898 33,753,548 12.5% 2.2% $14.25 $6.75 50,000-99,999 sq. ft. 6,774,662 33,151,874 13.1% 3.0% $14.87 $7.48 100,000+ sq. ft. 18,335,202 72,603,008 12.9% 3.6% $17.09 $6.59 Source: CoStar Property Analytics, Q2 2018
The Future is Unlimited…. What else do you need to know?
Contact the City of Mississauga Economic Development Office for all of your business development needs. 1-800-456-2181 [email protected]
Last updated: Q2 2018
thefutureisunlimited.ca Connect with Mississauga’s Economic Development Office today. 1-800-456-2181 or [email protected]