50 Belfield Rd.
Etobicoke, ON
52,000 sq ft · Tenant Representation
Sourced entirely off-market and secured a 10-year lease for 52,000 sq ft on behalf of the tenant. No public listing ever made it possible.
Read the full case study →Harry Makkar
Harry Makkar
GTA Industrial Real Estate, Done at the Highest Level
Representing tenants, buyers, and sellers in the lease, purchase, and sale of industrial and warehouse facilities across Toronto, Vaughan, Mississauga, Brampton, Oakville, and the broader GTA.
Backed by the full weight of Colliers International and powered by proprietary market intelligence no other broker in Canada can offer.
Or call directly: (647) 740-7500
Harry Makkar, Industrial Real Estate Broker, Colliers International
Colliers International
Z
Zonado.com500,000+ sq ft Listed
$250M+ in Active Listings
Hustler of the Year, Colliers Canada
“There are brokers who list properties. And then there is a different category entirely.”
The Industrial Broker Built for Complex Deals
There are commercial real estate brokers who list properties. And then there is a different category entirely: brokers who understand the operational, financial, and strategic implications of an industrial real estate decision from the inside out, who have the platform to find what others can’t, and who have the institutional backing to execute at any scale.
Harry Makkar is that broker.
Before entering commercial real estate, Harry managed logistics and distribution operations for Bell, Canada’s largest telecommunications company. That experience gave him a genuine understanding of what industrial space means to the businesses that occupy it. The clear height, the dock configuration, the power supply, the proximity to the 400-series highway interchange. These aren’t just spec-sheet details to Harry. They’re the difference between an operation that runs at full throttle and one that doesn’t.
After Bell, Harry turned his attention to one of the most underserved problems in commercial real estate: market transparency. He built Zonado.com from the ground up. While entirely self-funding the company, he grew it into one of Canada’s largest commercial real estate marketplaces, now serving over 150,000 Canadians annually.
Today, Harry brings all of it to bear as an industrial broker at Colliers International, Canada’s largest commercial real estate firm and one of the most respected in the world. Within his first year, he was awarded Colliers’ Hustler of the Year, recognition earned transaction by transaction, deal by deal. His current book of business reflects the results: over 500,000 square feet of active industrial listings and more than $250 million in for-sale properties across the Greater Toronto Area.
The Zonado Advantage
An Unfair Advantage. And It’s Yours.
Every broker in the GTA will tell you they have access to the market. Most of them mean they have access to the same MLS feeds as everyone else. Harry offers something fundamentally different.
Dual-Platform Reach
Your listing gets exposure through both the full Colliers International marketing machine and the Zonado platform simultaneously, a combination no other broker in Canada can offer. More eyes. More qualified buyers. Better outcomes.
Off-Market Intelligence
As the founder of Zonado.com, one of Canada's largest commercial property marketplaces serving 150,000 users annually, Harry has a direct line into a layer of the market that is invisible to his competitors. Off-market opportunities. Early-stage seller conversations. Deals that never appear on a public database.
Better Outcomes, Period
For tenants and buyers: access to spaces before they're publicly listed. For landlords and vendors: dual-platform marketing reach that dramatically expands the qualified buyer pool from day one. Your listing doesn't just sit on a portal. It's actively promoted to 150,000 commercial real estate participants.
Industrial Real Estate Services Across the GTA
Whether you’re a growing business searching for your first warehouse, an established operator relocating or expanding, or an investor building or disposing of an industrial portfolio, Harry’s team provides end-to-end representation across every dimension of the transaction.
Tenant Representation
Finding, negotiating, and securing the right industrial space for your operation, with the full market at your disposal and your interests represented exclusively from site selection through to lease execution.
Learn moreBuyer Representation
Buying industrial property in the GTA means competing in one of the tightest commercial real estate markets in the country. We have the valuation, due diligence, and deal-structuring infrastructure to get from offer to close without surprises.
Learn moreLandlord & Vendor Representation
When you list with Harry, your property gets marketed through ColliersCanada.com and the Zonado platform simultaneously. We bring the platform and the discipline. You get a better result.
Learn moreInvestment Advisory
GTA industrial real estate is one of the most compelling asset classes in Canadian commercial real estate. Whether you're assessing an acquisition, evaluating a portfolio, or considering a disposition, we provide strategic counsel.
Learn moreWe Know Every Corner of Industrial
Industrial real estate is not one market - it's a dozen overlapping submarkets, each with its own demand profile, tenant requirements, and operational complexity. We specialize in all of them.
Warehouse & Distribution
From last-mile logistics to large-format distribution centres
→3PL & Logistics
Dock-heavy, cross-dock, and multi-tenant logistics facilities
→Manufacturing
Light assembly to heavy manufacturing, with the power and floor load to match
→Food Processing & Cold Storage
CFIA-compliant facilities, temperature-controlled environments, food-grade specifications
→Automotive
Service, storage, and specialty automotive industrial
→Outside Storage
Secured yards, trailer parking, and open-air industrial sites
→Industrial Land
Development sites and land assembly across GTA industrial corridors
→Every GTA Industrial Submarket, Covered
GTA industrial real estate is not one market. We know each submarket in depth: the vacancy dynamics, the going lease rates, the landlord relationships, and the listings that haven’t hit the market yet.
Toronto
All industrial corridors including Scarborough, North York, Etobicoke, and the waterfront.
Mississauga
The GTA's most active industrial market. Meadowvale, Airport Road, Dixie/Matheson.
Brampton
Highway 410/427/407 corridor, one of Ontario's most sought-after logistics locations.
Vaughan
Northern industrial hub with direct TTC access and 400-series highway connectivity.
Oakville
Growing market along the QEW and Highway 407 with premium facility inventory.
Burlington
Increasingly attractive for tenants priced out of Mississauga, with excellent access.
Hamilton
The most cost-effective industrial market in the Golden Horseshoe.
Milton
One of Ontario's fastest-growing industrial nodes, anchored by Highway 401.
North York
In-city industrial with unmatched proximity to Toronto's labour pool.
Etobicoke
In-city industrial with proximity to Toronto's consumer base and highways.
The GTA Industrial Market, Right Now
GTA industrial fundamentals remain some of the strongest in North America. Even as headline vacancy ticks up from historic lows, the best-located, modern distribution and manufacturing facilities continue to lease quickly and command premium economics.
Behind the aggregate numbers, the story is uneven. Logistics-heavy nodes along the 401 and 427 corridors are seeing a different balance of supply and demand than infill submarkets closer to the downtown core, and users with very specific power, clear height, or yard requirements are still competing for a limited set of options.
For owners and occupiers, this means strategy has to be grounded in real transaction-level data, not just quarterly headlines. The spreads between asking and achieved rents, concessions, and downtime vary meaningfully by building vintage, unit size, and submarket.
Published quarterly. Last updated Q1 2026.
4.5%
GTA Industrial Vacancy Rate
$16–17 PSF
Average Net Asking Lease Rate
Q1 2026
Latest Market Report Published
Harry publishes a full quarterly market report with submarket-level data.
Or contact us directly for a market assessment relevant to your specific requirement.
Why Work With Harry
Five reasons that go beyond the standard broker pitch.
01
Industrial. Only.
Every transaction on Harry's desk is industrial. No office, no retail, no residential. That focus means when you walk in with an industrial requirement, you're talking to someone who has seen every version of it before.
02
The Zonado Advantage
As the founder of Zonado.com, one of Canada's largest commercial real estate marketplaces, Harry has access to off-market inventory, early-stage seller conversations, and buyer flow that no other broker in the GTA can match. Your search gets the full public market plus everything that never hits it.
03
Colliers Institutional Power
Harry operates within the full infrastructure of Colliers International, Canada's largest commercial real estate firm. Research, legal, marketing, valuation, and a global network across 70 countries. For any mandate, simple or complex, that horsepower is behind every file.
04
Operational Experience You Can Feel
Most brokers learned real estate from real estate. Harry learned it from the inside, managing logistics and distribution at Bell, Canada's largest telecom, before ever writing a lease. He understands what your space needs to do before he shows you the first property.
05
You Deal with the Dealmaker
Harry is personally on every file. Every tour, every negotiation, every landlord conversation. His Hustler of the Year recognition at Colliers wasn't a gift. It was earned transaction by transaction. You get that broker, not a version of that broker.
What Clients Say
A selection of feedback from tenants and buyers Harry has represented across the GTA.
“
From our first interaction, Mr. Makkar demonstrated exceptional professionalism and a genuine commitment to understanding our company's specific needs. What stood out most was his remarkable responsiveness. He consistently replied to our inquiries promptly, even during weekends and outside regular business hours. He advocated strongly on our behalf during negotiations and offered candid advice when necessary. His integrity and transparent approach fostered a relationship built on trust, which is particularly valuable in complex commercial transactions. His service excellence has made him our go-to broker for any future commercial real estate needs.
Yves Poirier
President, Minimax Express Transportation Inc.
One of Ontario's largest LTL carriers
He was professional, attentive and truly took the time to understand what I was looking for. His guidance made the entire process smooth and stress-free, and I really appreciated his reliability and clear communication throughout. His knowledge of the market and attention to detail gave me great confidence in my decisions.
Waheed Amiri
Parts Panel
Among Canada's fastest-growing auto parts distributors
He's easy to talk to, very responsive, and always tries his best to help and follow things through. It's clear he cares about doing a good job, and that makes working with him stress-free. Really appreciate his support and would definitely recommend him.
Lau Hoiyan
UHI Machinery
Global organization with operations across Canada, Australia, and Europe
Recent Transactions
A selection of recently completed industrial transactions across the Greater Toronto Area.
8270 Lawson Rd.
Milton, ON
3-Acre Terminal · Landlord Representation
Leased a 3-acre transportation terminal without going to market. Tenant secured exclusively through the Colliers broker network at a record above-market rate.
Read the full case study →
1325 Khalsa Dr.
Mississauga, ON
12,700 sq ft · Tenant Representation
Took the tenant from first conversation to accepted offer in under one week, on an off-market property no other broker in the GTA knew existed.
Read the full case study →
45 Connie Cres.
Vaughan, ON
14,572 sq ft · Subtenant Representation
With a lease expiry looming within weeks and a highly specific requirement in one of the GTA's tightest submarkets, a new facility was secured within 20 business days.
Read the full case study →
390 Hudson Dr.
Dorchester, ON
33,500 sq ft · Landlord Representation
Represented the landlord in an emerging market with limited tenant demand and successfully placed a BC-based manufacturer, expanding the search across provincial lines.
Read the full case study →GTA Industrial Market Intelligence
Updated quarterly with real transaction data, submarket-level analysis, and Harry's firsthand read on where the market is heading. Not recycled industry reports. Primary intelligence from an active broker in the market.
Market ReportJanuary 3, 2026
GTA Industrial Market Report - Q4 2025
The GTA market shifted fundamentally. Condo units now represent 63% of all transactions, Brampton dominated with 51% of sales activity, and leasing absorption hit its highest level since 2022.
Market ReportOctober 5, 2025
GTA Industrial Market Report - Q3 2025
Q3 2024 GTA West: freestanding prices down 15% year-over-year while condo strata hits $488/SF. Sublease drops 2M SF. Rents stabilizing ahead of Q4.
Get the quarterly GTA industrial market report delivered to your inbox.
Quarterly only. No spam. Unsubscribe anytime.
Let’s Talk About Your Industrial Real Estate Need
Whether you’re searching for space, looking to sell or lease a property, or simply trying to understand what the current market means for your business. The conversation costs nothing and almost always produces value.
Prefer to call? (647) 740-7500