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Toronto Commercial Real Estate
Over 500,000 Square Feet Leased In June.
Last month, Toronto Real Estate Board Members reported 560,425 square feet of leased space, in comparison to the 1,017,518 leased square feet recorded in June of 2008, Commercial Council Chair Garry Lander reports. "The pace of activity remains below last year, in line with the performance of the general economy," Mr. Lander noted.
Prices were mixed in June. Industrial space in all size categories leased for $4.79 sfn, down 17% from the $5.78 recorded in June 2008. Commercial space traded for $13.47 sfn, down 20% from the $16.75 figure seen during the same month last year. Finally, office space traded for $14.69, up 24% from last June's $11.81 sfn figure, a possible indicator that higher quality office space is being listed on the MLS in the face of a challenging market.
Sales Market Highlights
Toronto Real Estate Board Members recorded 59 sales of IC&I properties in June, including 28 industrial buildings of all size categories which averaged $82.91 per square foot. This compares to the $65.26 per square foot obtained from non-MLS sources.
Members of the Toronto Real Estate Board's Commercial Division adhere to a strict Code of Ethics and Standards of Business Practice, only those who have met the standards established by their peers are eligible to become Members.
Source: Toronto Real Estate Board
July 21, 2009 in Toronto Real Estate Update | Permalink
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Comments
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Posted by: Alara Cockburn | Aug 18, 2009 3:13:10 AM
HI,
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Posted by: placerville homes | Jul 28, 2009 3:07:57 PM
Hello,
I am emailing in regards to your new building in downtown toronto - the success tower @ pinnacle centre, 18 harbord street.
I am wondering if the building is pet friendly! This is important to me as a potential owner (I am seriously considering buying a unit there).. This may sound hypocritical..but as comfortable as I am with my own pooch... If I made the decision to rent, and put a no pets rule in the lease...if my tenant did keep a dog anyway...would I be able to do anything to stop him? If its a pet friendly building...then my understand is that one cannot evict or sue a tenant for having a reasonable pet - and that even if it is specified in a signed lease - it is void?
I am emailing to get the builders perspective, I have done my own research but have been unable to figure it out..hopefully you can help me and make the decision process clearer!!!
Thanks,
Sean
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