« Competition Bureau's inactivity | Main | Recreational property markets »

Toronto Commercial Real Estate

More than 700,000 Square Feet Leased In May

Toronto Real Estate Board Commercial Members reported 717,361 square feet of leased space through the TorontoMLS system in May, Commercial Council Chair Garry Lander announced today. This figure is down 27 per cent from the 990,715 square feet recorded in May of 2007. “Thus far in 2008 there has been more than four million square feet of space traded through the MLS® system,” Mr. Lander said.

Prices for leased industrial space (all size categories) averaged $6.08 sfn in May, down one per cent from the figure of $6.14 sfn recorded during May of 2007. Prices for commercial space in all size categories averaged $14.43 sfn, a nine per cent decline from last May.

Sales Market Highlights

Toronto Real Estate Board Commercial Members reported 60 sales of Industrial/Commercial properties in May of 2008. Of these, 36 were Industrial properties of all size categories, which sold for an a average of $95.93 per square foot. This compares to a figure of $100.29 per square foot from non-MLS® sources, due to the sale of a number of unusually expensive industrial buildings last month.

See full Toronto Real Estate Commercial report »

June 11, 2008 in Toronto Real Estate Update | Permalink

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c51e453ef00e553667b1f8834

Listed below are links to weblogs that reference Toronto Commercial Real Estate:

Comments

The comments to this entry are closed.