How much does a new industrial building cost in Toronto?

New industrial and warehouse building permits in Toronto — declared values and, where floor area is stated, declared dollars per square foot.

52 permits with a declared value, trailing 36 months. Medians and quartiles only — one outlier can't move them.

We publish a per-square-foot rate only where floor area is what the price actually scales with. For this work the correlation between area and declared value is -0.04 — too weak for a rate to predict your project. Multiplying your floor area by a published $/SF number would produce a confident-looking figure that the underlying permits do not support, so we show the value distribution instead.

• Clear height and column grid — the difference between 24 ft and 40 ft clear is structural, not cosmetic.
• Slab thickness and loading, plus dock doors and levellers.
• Sprinkler design (ESFR versus in-rack) follows what will be stored.
• Office build-out percentage within the shell.

Declared construction values on City of Toronto building permits (tier C), trailing 36 months, minimum 12 permits before a guide is published. A declared value is what the applicant stated the work is worth — it can sit below final hard cost, which is exactly why GROUND also publishes awarded contract prices.

Data: Open Government Licence — Toronto. Recomputed automatically as new permits land; the figures above are current as of October 05, 2026.

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