Markham, Ontario

Commercial Real Estate in Markham

Commercial Real Estate in Canada's High-Tech Capital

MARKHAM MARKET

Market Overview

Markham has earned its reputation as Canada's high-tech capital, home to over 1,500 technology and life sciences companies. This concentration of innovation-driven businesses creates unique commercial real estate opportunities, particularly in the office and industrial sectors.

The city's diverse population—one of the most multicultural in North America—supports varied retail concepts, while its educated workforce attracts employers seeking talent. The emerging downtown at Markham Centre and established business parks provide options across the commercial spectrum.

KEY AREAS

Commercial Districts in Markham

Major commercial areas and investment opportunities

Mixed-Use

Markham Centre

Emerging downtown with office, retail, and residential. Future transit hub when subway extension arrives.

Office

Highway 7 Tech Corridor

Major technology company hub stretching from Woodbine to Highway 404. Home to IBM, AMD, and many tech firms.

Retail

Unionville

Historic Main Street with boutique retail, restaurants, and professional services. Premium rents for character space.

Retail

First Markham Place Area

Asian-focused retail hub with unique dining, retail, and entertainment concepts. Very low vacancy.

Industrial

Highway 404/Steeles Industrial

Industrial and flex space serving technology, distribution, and service businesses.

MARKET DATA

Markham Commercial Real Estate Statistics

Avg. Retail Rate

$28-55/sq ft

Avg. Office Rate

$18-32/sq ft

Avg. Industrial Rate

$14-18/sq ft net

Retail Cap Rate

5.5%-7%

Industrial Cap Rate

5%-6%

Why Invest in Markham?

Canada's high-tech capital
Over 1,500 technology companies
One of Canada's most diverse populations
Strong retail market with unique concepts
Future subway extension to Markham Centre

OUR SERVICES

How We Help Markham Landlords

Property Sales

Expert representation for selling your Markham commercial property at maximum value.

Commercial Leasing

Find quality tenants and negotiate favorable lease terms for your Markham property.

Market Analysis

Local market expertise and accurate valuations specific to Markham.

FREQUENTLY ASKED QUESTIONS

Markham Commercial Real Estate FAQs

What makes Markham unique for commercial real estate investment?
Markham's concentration of technology companies creates stable office demand, while its diverse population supports unique retail concepts not found elsewhere in the GTA. The city offers urban sophistication with suburban convenience.
How does Markham's tech sector affect commercial real estate?
The technology sector drives demand for modern office space, flex buildings, and amenity-rich properties. Tech companies often prefer campus-style settings or downtown urban locations, creating opportunities across property types.
What retail trends are unique to Markham?
Markham's Asian-Canadian population supports specialized retail concepts including Asian supermarkets, restaurants, and entertainment venues. These tenants often achieve sales volumes well above typical suburban retail, supporting premium rents.

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