Ontario

Hamilton Industrial Market Report 2025 — Prices, Cap Rates & Trends

In the Hamilton industrial market, the median recorded sale price is $3,053,075, across 236 recorded transactions, between 2022-01-11 to 2025-12-30.

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$3.1M

Median sale price

236

Recorded transactions

-14.4%

YoY change in median

Price distribution

Where Hamilton industrial sale prices sat across 236 recorded transactions.

Median sale price by year

4 of 4 years in the window carried enough recorded sales to plot a median for Hamilton industrial.

Recorded transaction volume by year

Year	Recorded transactions
2022	33
2023	79
2024	52
2025	72

This market vs. Ontario overall

Metric	Hamilton	Ontario
Median sale price	$3,053,075	$2,194,500
25th percentile	$1,700,000	$1,325,000
75th percentile	$7,025,000	$4,750,000
Recorded transactions	236	29,749
Year-over-year change	-14.4%	-5.5%

Asset classes in Hamilton

Asset class	Median price	Transactions
Industrial	$3.1M	236
Land	$3.9M	139
Multifamily	$1.8M	295
Office	$2M	120
Other	$1.8M	308
Retail	$1.7M	223

Industrial across Ontario markets

Market	Median price	Transactions
Barrie	$2.7M	73
Belleville	$4.9M	15
Brantford	$3.5M	71
Greater Sudbury	$1.9M	46
Guelph	$3.1M	71
Hamilton	$3.1M	236
Kingston	$1.6M	48
Kitchener-Cambridge-Waterloo	$4M	242
London	$2.7M	115
Oshawa	$4.1M	96
Ottawa	$3.4M	163
Peterborough	$2.6M	16
St. Catharines-Niagara	$2.6M	87
Thunder Bay	$1.3M	39
Toronto	$2.8M	1,836
Windsor	$2.3M	119

Rental market context

The CMHC Rental Market Survey reports a 3.6% purpose-built rental vacancy rate for Hamilton (2025). This is residential rental context, not a commercial metric.

Recent recorded sales

Month	Area	Price band	Type
2025-12	Burlington, ON	$5.0M–$6.0M	Industrial
2025-12	Ancaster, ON	$2.0M–$2.5M	Industrial
2025-12	Stoney Creek, ON	$2.0M–$2.5M	Industrial

Municipality, month and price band only.

Common questions

What is the median industrial sale price in Hamilton?

$3,053,075, across 236 recorded transactions in our dataset.

Are Hamilton industrial prices rising or falling?

The median recorded sale price changed -14.4% year over year in the most recent full comparison.

Methodology

This page draws on 236 recorded commercial transactions in Hamilton between 2022-01-11 and 2025-12-30, from the EVALUAITE Market Intelligence dataset. A city and asset class is published only once it carries at least 50 recorded transactions.

Too few of these sales reported a cap rate to publish a range, so none is shown. All 4 years in the window carried enough sales to plot a median. The year-over-year comparison had enough sales on both sides to compute. CMHC rental context is available for this market.

Prepared by the EVALUAITE Market Intelligence team.