Understanding Warehouse and Industrial Listing Rents in Ontario, CA
In Ontario, the average asking rent for industrial space is $15.93 per square foot. However, leasing costs can vary significantly due to various factors, such as location, property size, and quality rating.
For example, properties that are located close to high-capacity transport routes or cargo ports are always in high demand, which generally means higher rents. Similarly, larger warehouse or other industrial facility types can incur higher utilities and maintenance costs, which will ultimately be reflected in higher rents.
Class A or higher means tenants get some of the best quality industrial real estate available on the market and it tends to command the highest rents. It might be newly constructed property, or older industrial buildings that have been improved to meet or exceed modern standards.
Meanwhile, Class B and Class C industrial buildings are generally older real estate that lacks some of the most modern amenities. Rents for Class B and Class C properties tend to be lower than the A tier, but due to age might incur higher upkeep and maintenance costs, which can offset the rent savings.
Breakdown of Industrial Buildings in Ontario, CA by Year Built
- Before 1950
3
- 1950 - 2000
403
- After 2000
300
The data was provided by Yardi Research Data and refers to industrial properties larger than 25,000 square feet.
Breakdown of Industrial Space in Ontario, CA by Year Built
- Before 1950
159,843 Sq.Ft.
- 1950 - 2000
57,822,225 Sq.Ft.
- After 2000
61,877,931 Sq.Ft.
Property Class
Min. Rental Rate
Max. Rental Rate
Class A Industrial Properties
$15
$17.4
Class B Industrial Properties
$15.49
$19.2
Class C Industrial Properties
$14.16
$15.6
When weighing the cost-to-quality ratio, consider that several of these factors can work together to balance or offset each other in terms of the final cost to your budget. You can easily reach out to the property listing broker using the contact form available for each listing, to find out more about what each property has to offer.
The Ontario, CA Industrial Real Estate Market at a Glance
Industrial real estate in Ontario includes a variety of property types, which can suit businesses of different sizes that operate in various industries. The most common types of industrial property anywhere serve either logistics or manufacturing activities and each of them can offer sub-varieties that offer facilities specialized for particular types of handling or storage.
In Ontario, the most common industrial property type on the leasing market is Warehouse/Distribution. Currently, you can find 67 such listing(s) in Ontario. Listing sizes for this property type start at 774 square feet.
The local market is also home to 23 Manufacturing listing(s), offering spaces starting at 1,372 square feet.
You will also find Flex - Industrial space here — 22 listing(s). Listing sizes in this category start at 760 square feet.
Use Type
No. of Listings
Total Sq.Ft.
Warehouse/Distribution
67
6,296,455
Manufacturing
23
445,254
Flex - Industrial
22
124,956
Flex Space
1
1,888
Warehouse
1
410,000
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