Toronto Commercial Real Estate

July Up over 2006

With 882,252 square feet of space changing hands in July, the month was up 43 per cent over the 614,952 square feet transacted in July of 2006, Commercial Council Vice Chairman Garry Lander reported today. “So far the summer months, with a total of 2,263,359 square feet traded, are up 5% over the same time-frame last year.”

Prices fluctuated downward in July, with leased space (all size categories) declining marginally over July 2006 to $5.86 sfn. Commercial space (all size categories) registered an average of $16.09 sfd, down four per cent from the $16.74 recorded last July.

Sales Market Highlights

In July, there were 52 industrial/commercial properties sold through the TorontoMLS system, and of these 25 were Industrial properties of all size categories that averaged 94.87 per sf. This compares to an average of $73.82 per square foot drawn from non-MLS sources.

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