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2025 InvestMilton Annual Report
Industrial Momentum
13.6%
Industrial vacancy rate
28,603,973 sq. ft.
Industrial inventory
148,400 sq. ft.
Industrial under construction (Completed by Q4)
$16.66
Average net lease rate /per sq. ft
$360.42
Average asking sale price /per sq. ft.
By the Numbers
Milton’s industrial trends and market indicators remain strong, despite a challenging economic climate.
Milton’s industrial inventory has grown by 1,870,201 square feet in the last two years. This new inventory has created exciting new opportunities for attracting business and investment to Milton’s business parks.
In 2025, the InvestMilton team supported both local companies and companies from outside our borders to relocate and expand within both the established 401 Business Park and Milton’s newest industrial area, Derry Green Corporate Business Park.
With proactive support, leasing investment more than doubled in 2025, and the industrial vacancy rate dropped by more than five per cent. The demand for Milton sites continues to grow, with new developments boosting the latest in green and energy-efficient technology, drawing the attention of leading global corporations. Milton’s vacancy rate declined from 18.7 per cent at the end of 2024 to 13.6 per cent by the end of 2025, with no sign of slowing down. This is a very positive signal that proactive attraction activities, direct site selection, broker engagement, increased investments, and ongoing digital promotions by the InvestMilton team are bringing new awareness to the opportunities in Milton and beginning to show results in our local market.
The InvestMilton team continues to partner closely with internal planning teams and other departments to keep major projects moving smoothly through the development process and support businesses looking to grow and expand in Milton.
Munchkin Baby
- 6750 Fifth Line
- 93,715 sq. ft.
- New Lease
JW Fulfillment
- 2100 Labrador Line
- 265,803 sq. ft.
- New Lease
Walmart
- 7095 Fifth Line
- 749,949 sq. ft.
- Sublease
Sources: CBRE Quarterly Reports, 2025.
Derry Green Corporate Business Park Updates
Derry Green is home to some of Milton’s largest employers and remains a key focus for accommodating the majority of industrial employment growth over the next five years.
Openings and Expansions:
The InvestMilton team takes a proactive approach to lease activity, actively leading site selection activities with prospective investors, connecting directly with leasing brokers to attract and welcome new businesses and tenants into the business park. This concierge service includes providing guidance through the process of entering the community, supporting connections with supply chain partners, and assistance to grow their talent pipeline.
InvestMilton participates in business opening celebrations, reinforcing relationships with key employers and industry partners. The team continues to actively maintain those connections to ensure businesses have access to key resources and services that support their continued growth in the community. We believe early outreach and investments in ongoing relationship development are one of the keys to building a strong economy and supporting long-term business success.
HPG LP Grand Opening
HPG LP opened a new 112,000 sq. ft. precision manufacturing facility in the Derry Green Corporate Business Park, strengthening Milton’s advanced manufacturing base. HPG chose Milton not only for its strategic location but also for the potential to expand operations in the future. With a team of highly skilled engineers and technical specialists, the facility supports new product development, complex machining, and expanded production capacity for mission-critical components serving the aerospace, defense, and energy sectors.
Notable Lease Transactions in the Derry Green Business Park
401 Business Park Updates
The 401 Business Park is Milton’s established employment district located along the Highway 401 corridor. Extending from No. 5 Side Road to Steeles Avenue, the area benefits from direct highway 401 frontage and access through two existing interchanges, with a new interchange on Tremaine Road expected to open in late 2026.
The Orlando Corporation received draft plan of subdivision approval to develop a 315-acre master-planned business park site, located along James Snow Parkway, in the area known as the North Porta lands. The business park will bring roughly 4.9M square feet of new modern industrial space into Milton with seven new buildings. Site preparations are well underway.
The InvestMilton team partners closely with local developers and brokers to continue to proactively market available lease and sale properties in this established business area.
Angelcare Group Grand Opening - 401 Business Park
Angelcare Group moved into its new 130,000 square foot packaging and distribution centre, representing an investment of more than $20 million into the Milton market. The facility is Angelcare’s first facility outside of Quebec. This move created 15 full-time employment opportunities, with plans to increase staffing to 60–80 jobs in the coming years. The investment reinforces Milton’s role in supporting advanced operational and key supply chain partners for regional, provincial, and North American markets.
Network Wireless Solutions (NWS)
NWS has relocated its Canadian Headquarters to a 58,000 sq. ft. facility on Lawson Road, creating 30 new jobs. The move from Mississauga allows the company to expand customer service and logistics operations. NWS distributes digital infrastructure solutions for broadband and mobility networks, specializing in materials distribution, custom assemblies, connectivity products, and integrated services.
Notable Lease Transactions in the 401 Business Park
Angelcare Group
- 6750 Campbellville Road
- 130,000 sq. ft.
- New Lease
Benchmark Trade Solutions
- 8400 Parkhill Drive
- 65,410 sq. ft.
- Renewal
3M
- 2751 Peddie Road
- 319,702 sq. ft.
- Renewal
CTS Logistics
- 2995 Peddie Road
- 303,187 sq. ft.
- Sublease
Core-Mark
- 8030 Esquesing Line
- 148,621 sq. ft.
- Extension
Sources: CBRE Quarterly Reports, 2025.
“Milton offered far more than logistical advantages — it represents a community aligned with our values of innovation, sustainability, and responsible growth. The region has a robust manufacturing ecosystem, access to highly skilled talent, and proximity to key partners, making it a natural choice for long-term investment. The upcoming CN Rail Milton Logistics Hub will further enhance our transportation efficiency and export capabilities. Most importantly, Milton reflects what Angelcare stands for: local production, Canadian expertise, and a deep commitment to the communities we serve.”