Commercial Lease Rates for GTA WEST

GTA WEST COMMERCIAL REAL ESTATE UPDATE

1ST QUARTER 2008

OFFICE MARKET

Average Lease Rates $28.00-$36.00 P.S.F Gross

For class “A” and “B” product

Average Tenant Inducement $25.00-$30.00 P.S.F.

The approximate vacancy in the sub markets varies as follows: Meadowvale 4%, Airport Corporate Center 4%, 427 Corridor 4% and Mississauga City Center 8%.

INDUSTRIAL MARKET

LEASING RATES

Depending on location, ceiling height, office component and quality of product the current rates vary from $5.50 to $7.50 net P.S.F.

Average Sale Price Buildings
$82.00 P.S.F.

Average Sale Prices-Land
Peel $475,000 per acre
Halton $350,000 per acre

Read more about:

• Interest Rates
• Power of Sale Properties
• Price Trends
• or Search the MLS and more at my website

Thank you for reading my blog and if there is anything else I can help you with please don’t hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
›mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

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