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Toronto's Commercial Update (Q3 - August 2008)

The Toronto Real Estate Board a 3% increase in leased Industrial, Commercial & Investment space across the GTA. This is just 5% off the number of transactions during the same period last year.”

  • Prices for leased Industrial space fell 10 per cent to $5.70 sfn from last August’s $6.35 psf.
  • Rents for Commercial space rose six per cent to $.18.98 sfn from last August’s $17.86 sfn.

Real Estate Market Sales

30 transactions of Industrial/Commercial properties took place through the TorontoMLS system.

  • 16 were Industrial properties of all size categories, which sold on the MLS for an average of $70.80 per square foot.
  • $56.62 per square foot was the sale price for non-MLS properties (it pays to have an agent)...

     

 

 
Published Monday, October 20, 2008 6:45 PM by PLANIT real estate inc

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