Vaughan Industrial Real Estate
City of Vaughan is bounded by Caledon, Ontario and Brampton, Ontario to the west, King, Ontario and Richmond Hill, Ontario to the north, Markham, Ontario and Richmond Hill, Ontario to the east, and Toronto, Ontario to the south.
Vaughan is one of southern Ontario's fastest growing cities. According to Statistics Canada, the population grew 37.3% in a mere four year period (more than 9.3% annually), and also has a young age profile than the Canadian average as 22.3 percent is under the age of 14, while those over 65 constitute 8.15%, one of the lowest in Ontario resulting in an average age of 34.1. Corporation seek out modern Warehouse Space in Vaughan.
Vaughan industrial and commercial activity grow in 2006. Vaughan Warehouse Space provides easy access a to the City of Toronto via 400 series Highways. Although business completions are spread throughout the City of Vaughan, it is interesting to note that development has started to occur in the western section of the Vaughan Enterprise Zone, with the construction of the Conair and Campio Furniture facilities.
Vaughan’s competitive business costs and strategic location continues to attract national and international headquarters. In 2006, they included: ASSA Abloy, Conair Consumer Products, Magick Woods, Mobile Climate Control and VokeTel. These firms have extensive modern facilites now located Vaughan Warehouse Space Industrial parks.
Vaughan Hotel development was the strongest ever in 2006 with the opening of two new properties, Vaughan Monte Carlo Inn and Vaughan Hilton Garden Inn. The new properties added 260 rooms to the City’ of Vaughans 's supply. Demands for hotel rooms have been strong and plans are already underway to expand the Monte Carlo Inn property. Interest for new hotel sites also remains strong. Two long-standing properties, the Vaughan Dodge Suites Hotel and Vaughan Super 8 Motel, changed ownership in 2006.
New commercial real estate properties in Vaughan and Vaughan industrial properties activity totalled $299 million in 2006.
Vaughan Construction Value of Issued Permits in 2006:
- Industrial - $178.8 millions
- Commercial - $119.9 millions
Vaughan Industrial and Commercial Land Absorption in 2006:
- Industrial - 64 hectares
- Commercial - 28 hectares
Vaughan Type of Construction by Total Value 2006:
- Industrial - 14%
- Commercial - 9%
Vaughan Industrial Inventory & Vacancy Rates in 2006:
- Total Inventory (sq.ft.) - 60,366,447
- Vacancy Rate - 6.5%
- Avg. Annual Rental Rate/sq.ft. - $5.90
- Avg. Sales Price/sq.ft. - $93
The City of Vaughan is one of Canada’s fastest growing city in terms of new industrial construction. There is a new wave of Warehouse Space in Vaughan.The value of total building permits issued in 2006 topped the $1.3 billion-dollar mark. Vaughan ranks ninth overall in Canada. In terms of total industrial construction value for 2006, Vaughan ranks third overall in Canada.
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