> Buying/Selling

> Real Estate Forms

> Market Update/News

> Gov. Programs

> FAQ

> CMHC

 

 
 
   

Commercial Market Strong In July

August 13, 2008 -- TREB Members reported 1,072,321 square feet of Commercial, Industrial and Office space trading through the TorontoMLS system in July, a 21 per cent increase over the same month in 2007, Commercial Council Chair Garry Lander announced today.

“July was second highest total for leased space in 2008, and the second month in a row that broke the 1,000,000 square foot thresh-hold,” noted Commercial Council Chair Garry Lander.

“The summer of 2008 has been very active.” Prices were mixed in July, with Industrial space (all size categories) averaging $5.45 sfn, down seven per cent from the same period last year. Meanwhile prices for leased Commercial space rose 23 per cent to $19.83 sfn.

Sales Market Highlights

TREB Members reported 57 sales of IC&I properties in July, including 24 Industrial properties of all size categories. These averaged $83.54 per square foot, compared to a figure of $72.67 per square foot derived from non-MLS sources.

Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Serving over 28,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board. Greater Toronto Area open house listings are now available on www.TorontoRealEstateBoard.com.

-30-


 
All information on this site is copyright © 2003 - 2008 Toronto Real Estate Board. All rights reserved.
Although TREB endeavours to ensure the accuracy and timeliness of information, it is not guaranteed.
TREB accepts no responsibility for any loss arising from any use or reliance on the information contained herein.
  Attractions