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440 Phillip St 12,000 - 63,836 SF of Space Available in Waterloo, ON N2L 5R9

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Highlights

  • The facility offers both dock-level and drive-in loading options, supporting flexible logistics and operations.
  • On-site parking and clean, well-maintained interiors make the space ideal for businesses seeking a turnkey industrial solution.
  • The property includes a newly constructed Class A office area that enhances professional appeal and functionality.
  • Located within the Factory Square Campus, the site provides proximity to the University of Waterloo and the LRT station.

Features

Standard Parking Spaces
500

All Available Spaces(2)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • 1st Floor - B100
  • 20,000-51,836 SF
  • Negotiable
  • $10.23 USD/SF/YR $0.85 USD/SF/MO $530,179 USD/YR $44,182 USD/MO
  • Flex
  • -
  • 30 Days

Positioned within the dynamic Factory Square Campus near the University of Waterloo, Unit B100 at 440 Phillip Street offers 51,836 SF of premium white box industrial space with a newly constructed Class A office component. This versatile facility is ideal for businesses seeking a clean, high-performance environment with robust infrastructure and flexible layout options. The space features 18-foot ceilings, dock and drive-in loading, and 975 amps of power, supported by four Generac generators delivering 600 KW of continuous emergency power. Server rooms are equipped with remote, air-cooled condensing units, ensuring operational reliability for tech-driven or data-intensive tenants. With options to demise the space into 20,000 SF and 30,000 SF units, Unit B100 accommodates a range of operational needs. Permitted uses include advanced tech, data centers, medical clinics, light industrial, training facilities, and major office functions, making this an exceptional opportunity for forward-thinking enterprises.

  • Lease rate does not include utilities, property expenses or building services
  • Fits 50 - 415 People
  • 2nd Floor, Ste B200
  • 12,000 SF
  • Negotiable
  • $3.65 USD/SF/YR $0.30 USD/SF/MO $43,834 USD/YR $3,653 USD/MO
  • Office
  • Partial Build-Out
  • Now

Located in the heart of Waterloo’s thriving tech and university district, Unit B200 at 440 Phillip Street offers 12,000 SF of second-level open-plan office and lab space within the renowned Factory Square Campus. This dynamic environment is ideal for advanced tech firms, maker spaces, light industrial users, and training facilities seeking a collaborative and well-connected setting. The space features LED lighting, mesh roller-shaded windows, and an exposed open web joist ceiling, creating a modern and functional aesthetic. HVAC is provided via gas-fired rooftop units, with remote air-cooled condensing units serving electrical and server rooms. Emergency power is supported by four Generac diesel-fired generators, each with a 1,400-gallon capacity and 600 KW output, ensuring uninterrupted operations.

  • Lease rate does not include utilities, property expenses or building services
  • Open Floor Plan Layout
  • Space is in Excellent Condition
  • 12,000 SF of open plan office / lab space
  • Exposed open web joist ceiling
  • Partially Built-Out as Standard Office
  • Fits 30 - 96 People
  • Central Air Conditioning
  • LED lighting, windows with mesh roller shade
Space Size Term Rental Rate Space Use Condition Available
1st Floor - B100 20,000-51,836 SF Negotiable $10.23 USD/SF/YR $0.85 USD/SF/MO $530,179 USD/YR $44,182 USD/MO Flex - 30 Days
2nd Floor, Ste B200 12,000 SF Negotiable $3.65 USD/SF/YR $0.30 USD/SF/MO $43,834 USD/YR $3,653 USD/MO Office Partial Build-Out Now

1st Floor - B100

Size
20,000-51,836 SF
Term
Negotiable
Rental Rate
$10.23 USD/SF/YR $0.85 USD/SF/MO $530,179 USD/YR $44,182 USD/MO
Space Use
Flex
Condition
-
Available
30 Days

2nd Floor, Ste B200

Size
12,000 SF
Term
Negotiable
Rental Rate
$3.65 USD/SF/YR $0.30 USD/SF/MO $43,834 USD/YR $3,653 USD/MO
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Floor - B100

Size 20,000-51,836 SF
Term Negotiable
Rental Rate $10.23 USD/SF/YR
Space Use Flex
Condition -
Available 30 Days

Positioned within the dynamic Factory Square Campus near the University of Waterloo, Unit B100 at 440 Phillip Street offers 51,836 SF of premium white box industrial space with a newly constructed Class A office component. This versatile facility is ideal for businesses seeking a clean, high-performance environment with robust infrastructure and flexible layout options. The space features 18-foot ceilings, dock and drive-in loading, and 975 amps of power, supported by four Generac generators delivering 600 KW of continuous emergency power. Server rooms are equipped with remote, air-cooled condensing units, ensuring operational reliability for tech-driven or data-intensive tenants. With options to demise the space into 20,000 SF and 30,000 SF units, Unit B100 accommodates a range of operational needs. Permitted uses include advanced tech, data centers, medical clinics, light industrial, training facilities, and major office functions, making this an exceptional opportunity for forward-thinking enterprises.

  • Lease rate does not include utilities, property expenses or building services
  • Fits 50 - 415 People

2nd Floor, Ste B200

Size 12,000 SF
Term Negotiable
Rental Rate $3.65 USD/SF/YR
Space Use Office
Condition Partial Build-Out
Available Now

Located in the heart of Waterloo’s thriving tech and university district, Unit B200 at 440 Phillip Street offers 12,000 SF of second-level open-plan office and lab space within the renowned Factory Square Campus. This dynamic environment is ideal for advanced tech firms, maker spaces, light industrial users, and training facilities seeking a collaborative and well-connected setting. The space features LED lighting, mesh roller-shaded windows, and an exposed open web joist ceiling, creating a modern and functional aesthetic. HVAC is provided via gas-fired rooftop units, with remote air-cooled condensing units serving electrical and server rooms. Emergency power is supported by four Generac diesel-fired generators, each with a 1,400-gallon capacity and 600 KW output, ensuring uninterrupted operations.

  • Lease rate does not include utilities, property expenses or building services
  • Partially Built-Out as Standard Office
  • Open Floor Plan Layout
  • Fits 30 - 96 People
  • Space is in Excellent Condition
  • Central Air Conditioning
  • 12,000 SF of open plan office / lab space
  • LED lighting, windows with mesh roller shade
  • Exposed open web joist ceiling

Property Overview

Welcome to the Factory Square Campus, a premier 530,000 SF tech office campus in Waterloo. Located in the heart of Waterloo’s tech and university community, the Factory Square Campus offers easy access to talent, resources and networking opportunities. The campus is close to the LRT and offers free on-site parking, making it convenient for employees and clients. Tenants of all 3 buildings can enjoy the outdoor courtyard and lounge located at 451 Phillip.

Property Facts

Building Size
149,605 SF
Lot Size
7.30 AC
Year Built/Renovated
1989/2007
Construction
Reinforced Concrete
Sprinkler System
Wet
Zoning
E2B-40 - Station Area Business Employment
Bike Score®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 24115716

  • Date on Market: 8/1/2025

  • Last Updated:

  • Address: 440 Phillip St, Waterloo, ON N2L 5R9

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