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09Aug

Toronto Industrial Market Report Q2 2022

Author Ricardo Medeiros Categories Commercial Real Estate Statistics

Toronto Industrial Market Report Q2 2022

Toronto Industrial Market Report Q2 2022

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Demand in the GTA continues to outpace supply, leading to record low availability rates and record high net rental rates.
  • Quarter-over-quarter net rental rates have jumped over $1.50, currently at $15.34.
  • With the surge in net rental rates, interest rates, and inflation, tenants who have flexibility are starting to put requirements on hold.
  • Q2 saw 2.2 million square feet of new supply this quarter but over 75% of that is leased.
09Aug

Toronto Industrial Market Report Q1 2022

Author Ricardo Medeiros Categories Commercial Real Estate Statistics

Toronto Industrial Market Report Q1 2022

Toronto Industrial Market Report Q1 2022

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The GTA has seen a Year-over-Year increase of 30% in net rental rates and close to a 40% increase since the beginning of the pandemic.
  • With such a rapid rise in pricing, we are beginning to see some tenant pushback on escalating net rents.
  • As availability remains low, more and more opportunities will have to come from “off market” agreements.
  • Q1 saw less than 1 million square feet delivered across the GTA but double or triple that amount is anticipated in Q2.
08Jul

Q1 2022 Commercial Statistics

Author Ricardo Medeiros Categories Commercial Real Estate Statistics

Click on this link for a detailed report.  Q1 2022 Commercial Statistics

TRREB Commercial Network Members reported 6,502,932 square feet of leased space through TRREB’s MLS® System in Q1 2022 for all lease transactions types across the industrial, commercial/retail and office market segments. This result represented a decrease compared to Q1 2021.
Year-over-year changes in average per square foot net lease rates, for transactions with pricing disclosed, were up in the industrial and commercial/retail segments for Q1 2022. The average industrial lease rate for Q1 2022 was $13.17, up from $10.24 in Q1 2021. The average commercial/retail lease rate was $22.74, up from $19.88 in Q1 2021. The average office lease rate was down to $17.73 from $18.10 in Q1 2021.
It is important to note that annual changes in average lease rates can be a result of changing market conditions and changes in the mix of properties leased from one year to the next, in terms of location, size, property type mix and other related variables.
Total commercial sales in Q1 2022 were down to 307, compared to 392 Q1 2021. Sales in the industrial sector amounted to 91 in Q1 2022 – down from 135 sales in Q1 2021. Commercial/retail sales were down from 155 in Q1 2021 to 150 in Q1 2022. There were 66 office sales in Q1 2022, a drop from 102 sales in Q1 2021.
It is important to recognize that the effects from COVID-19-related policies have impacted the commercial real estate industry, which have resulted in some variances in year-over-year comparison numbers
16Jun

3 Vital tips to help you find a Commercial Real Estate Broker that’s right for you

Author Ricardo Medeiros Categories Commercial Real Estate Tips

When searching for the right Commercial Real Estate Broker, keep these important things in mind. When you consider the countless hours that it takes to research, contact and visit each potential property or office space and then negotiate the terms of the lease. It is easy to see how hiring a professional to represent you will be a huge benefit.

The following are three vital tips to help you find a Commercial Real Estate broker that’s right for you.

One, a good agent is able to use their knowledge of a given area, their contacts, and their real estate forecasting to find the perfect space for rent or sale in the area that works best for your business.

Two, the right agent will save you both time and money by taking over the tedious and frustrating process of locating commercial space to lease or buy.

Three, always ask if they have online testimonials or positive reviews they could direct you to. There’s more you should know about choosing the right commercial real estate broker.

The information we provide could save you time and money. Just visit our website https://commercialrealestate.services/ or call us at 416-854-1325 today.

17Apr

Q4 2019 Commercial Statistics

Author Ricardo Medeiros Categories Commercial Real Estate Statistics

Click on this link for a detailed report.  Q4 2019 Commercial Statistics

TREB Commercial Network Members reported 6,193,176 square feet of leased space in Q4 2019 for all lease transaction types across the industrial, commercial/retail and office market segments. This result represented a 12.5 per cent increase compared to Q4 of 2019.
Year-over-year changes in average price per square foot net lease rates, for transactions with pricing disclosed, were mixed in Q4 2019. The average industrial lease rate rose to $9.62 in Q4 2019 from $7.62 in Q4 2018. The average commercial/retail rate was down to $21.35 in Q4 2019 from $24.66 in Q4 2018. And the average office lease rate was down to $17.29 from $19.64 the previous year.
It is important to note that annual changes in average lease rates can be a result of changing market conditions and changes in the mix of properties leased from one year to the next, in terms of location, size, mix and other related variables.
Total commercial sales in Q4 2019 were 267, down by 10 transactions compared to 277 sales in Q4 2018. There was a decline in sales for the industrial sector, while the commercial/retail and office sectors had slight increases for Q4 2019.