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Toronto Commercial Real Estate
Over 1,000,000 Square Feet Leased in April
Toronto Real Estate Board Members reported 1,108,430 square feet of space leased through the TorontoMLS system, up four per cent over April of 2007, Commercial Council Chair Garry Lander announced today. "This figure is also up 19 per cent over the March figure of 933,299, and in fact makes April’s the best monthly performance of 2008."
In April, the price for Industrial space (all size categories) declined six per cent to $5.43 sfn from last April's figure of $5.76 sfn. Commercial space (all size categories) averaged $14.91 sfn, down nine per cent from last April's $16.41 sfn.
Sales Market Highlights
In April, Toronto Real Estate Board Members recorded 58 sales of Industrial/Commercial Properties. Of these, 39 were industrial properties of all size categories, which transacted for an average of $87.04 per square foot. This compares to a figure of $101.59 per square foot from non-MLS® sources, which reported the sale of a number of unusually expensive Industrial properties in April.
See TREB Commercial real estate report:
May 8, 2008 in Toronto Real Estate Update | Permalink
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Comments
Great Blog.
I'm involved in all kinds of Real Estate in the UK. The keep telling us we are having a recession too...yet property still keeps rising in price!? What can you do? I blame the media.
Posted by: Tim | May 10, 2008 11:38:34 AM
Keep in mind this was for Toronto Commercial Real Estate. The residential sucks ...
Posted by: | May 9, 2008 4:37:45 PM
The figures show such a remarkable rise of the sales in the Toronto real estate so I really can`t understand why some articles are still talking about deep recession. We have of course a slight slowdown but I think that it could affect the market in a positive way that it becomes more balanced. The buyers are not fronted to a tough competition so they are not obliged to make hasty decisions.
Posted by: Toronto real estate agent | May 9, 2008 7:34:18 AM
The figures show such a remarkable rise of the sales in the Toronto real estate so I really can`t understand why some articles are still talking about deep recession. We have of course a slight slowdown but I think that it could affect the market in a positive way that it becomes more balanced. The buyers are not fronted to a tough competition so they are not obliged to make hasty decisions.
Posted by: Toronto real estate agent | May 9, 2008 7:33:39 AM
