Arial view of Derry Green Business Park from www.milton.ca
The Region of Halton, Ontario comprised of the City of Burlington and the towns of Oakville, Milton and Halton Hills, provides the benefits of the GTA with competitive advantages in their employment lands. Employment lands are an integral component of the Region’s economic development, which is very evident in the Town of Milton’s employment lands. The Region of Halton is strengthening, resulting in a decline of availability in its industrial inventory, specifically in the Town of Milton.
Recognizing the need for industrial opportunities
Between Q4 2012 and Q4 2013, the Region of Halton saw a decrease in industrial and commercial vacancy rates, an increase in construction and increase in rental rates. The Region of Halton saw a decrease in total construction value in 2013, as did the majority of GTA municipalities. However, the region’s industrial, commercial and institutional construction, comparative to total development, was the second highest in the GTA, at 47%. Halton’s average office rent is 55% less than downtown Toronto.
The strategic advantage of employment lands
The Town of Milton’s employment base and non-residential development is forecast to increase steadily. Although the area faces strong competition from Mississauga, the Town of Milton provides competitive advantage to businesses location to develop in the Greater Horseshoe. The town’s employment lands provide quick access to a market of over 5 million people and a highly skilled labour force. Its close proximity to Highway 401 is a sought after location, as the 401 provides direct connection with Toronto Pearson International Airport and railways.
The Town of Milton has been committed to developing two industrial and business parks, which have privately owned land. The strategic location of both the Derry Green Corporate Business Park and the 401 Industrial and Business park, mean that the parks have the ability to create over 15,000 jobs.
Derry Green Corporate Business Park
The Derry Green Corporate Business Park is set to accommodate the Town of Milton’s employment growth until the year 2021. It is 800 hectares in size and offers close proximity to the Canadian Pacific railway line. The land zoned for industrial development is located north of Derry Road West and south of the railway.
401 Industrial and Business Park
A 944 hectare employment area linked by the Town of Milton’s open space system, which offers views of the Niagara Escarpment. The business park offers easy access to the Toronto market, as Highway 401 passes through the park.
Why choose the Region of Halton
With direct access to the rail line and close proximity to Toronto Pearson International Airport and Highway 401, the Town of Milton is an ideal place for investment in the industrial sector in the Greater Horseshoe. Connect with me today to learn about the development and investment opportunities in the Region of Halton.