Commercial Market Figures

Larry Cerqua, Toronto Real Estate Board's President stated that TREB Commerical Network Members reported a total of 876,196 square feet of leased commercial/retail, industrial and office space in July 2016.

The average industrial lease rate was $5.88 per square foot net. This amount represents a 13 per cent year-over-year increase. In July 2015, the average industrial lease rate was $5.20 per square foot net.

TREB President, Larry Cerqua, stated that GTA's regional economy continues to outperform numerous other metropolitan areas throughout Canada. This played a role in the strong commercial leasing numbers seen during the month of July.

In comparison to July 2015, the number of combined industrial, commercial/retail and office sales last month was down.

Reference:

Toronto Real Estate Board