Toronto Real Estate Board (TREB) members saw 842,475 square feet of space traded in January 2008, Commercial Council Chair Garry Lander announced. “The new year is off to a brisk start,” said Mr. Lander.
Lease rates traded within their customary ranges last month. Industrial space (all size categories) went for an average of $5.49 sfn, up three per cent over January of 2007. Meanwhile commercial space traded for an average of $17.03 sfn, and office space for an average of $11.87 sfn.
TREB members reported 58 sales of industrial/commercial properties in January, of which 29 were industrial properties in all size categories.
These sold for an average of $123.67 per square foot, which compares to a figure of $111.55 derived from non-MLS sources.
For a complete copy of the Commercial Realty Watch report visit www.trebcommercial.com