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Toronto Commercial Real Estate

Leased Space Breaks 900,000 Square Feet

In March, Toronto Real Estate Board Members reported 933,299 square feet of space leased through the TorontoMLS system, Commercial Council Chair Garry Lander said today. "This figure is up 10 per cent over February's figure of $844,348 square feet. The Commercial market is clearly accelerating as we head into the spring months."

The price for Industrial space (all size categories) registered at $5.59 sfn in March, and the price for Commercial space came in at $14.16 sfn, down two and five per cent respectively from their levels at the same time one year ago.

Sales Market Highlights

Toronto Real Estate Board Members reported 56 sales of Industrial/Commercial properties in March, and of these 26 were industrial properties (all size categories), which sold for an average of $112.67 per square foot. This compares to a figure of $74.27 per square foot derived from non-MLS sources.

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April 15, 2008 | Permalink


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