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.
The full spread, not an average
| Percentile | Declared value |
|---|---|
| P25 — smaller jobs | $500K |
| Median | $3.1M |
| P75 — larger jobs | $20.0M |
| Largest in sample | $805.0M |
51 permits with a declared value, trailing 36 months. Medians and quartiles only — one outlier can't move them.
Why two of these quote differently
- 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.
Check it against the record
| Applied | Address | Declared value |
|---|---|---|
| Jul 2026 | 3550 PHARMACY AVE
Construction of a new single storey industrial shell building, with accessory office components |
$30,000,000 |
| Jul 2026 | 598 THE QUEENSWAY
Demolition of the existing one-storey industrial building and construction of a... |
$500,000 |
| Jul 2026 | 598 THE QUEENSWAY
Demolition of the existing one-storey industrial building and construction of a... |
$500,000 |
| Jul 2026 | 598 THE QUEENSWAY
Demolition of the existing one-storey industrial building and construction of a... |
$500,000 |
Where these numbers come from
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 August 18, 2026.
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