Commercial Real Estate News Blog

John Vivadelli, CEO and founder of AgilQuest Corporation, talks about commercial real estate potentially facing a perfect storm - one that will utterly change the capital markets and the way corporations account for their office space on their balance sheets.

It’s not easy cramming your stuff into a fraction of the space – and you can kiss your privacy goodbye. So before relocating, draw up a ‘lifestyle checklist’ to zero in on what’s important to you

Two suitors for space in the downtown core

An Edwardian in Cabbagetown with plenty of private outdoor space

Seeking to bring a sense of space to a narrow Edwardian home, architect Heather Dubbeldam breaks the mould to open up rooms

Atlanta Begins to Pare Down Glut of Office Space

An unusual layout pays a big dividend in additional space

An unusual layout pays a big dividend in additional space

MARKETWIRE
Wed May 5 2010, 9:30am ET
Dateline: TORONTO, ONTARIO

TORONTO, ONTARIO–(Marketwire – May 5, 2010) – In April, TREB Commercial Members reported 1,155,944 square feet of leased space, up 148 per cent over the 466, 837 square feet of leased space recorded during April 2009, Commercial Council Chair Garry Lander announced today.

“The above average rates of economic growth experienced over the past two quarters has benefitted the GTA commercial real estate market. Both goods producing and services producing sectors have rebounded strongly, resulting in steady employment growth,” Mr. Lander said. “April’s leased space figure, the best monthly result for 2010, points to the fact that GTA businesses are confident that growth will continue and are acquiring the necessary space.”

Industrial space in all size categories leased for an average of $4.79 per square foot net (sfn) compared to $5.43/sfn recorded in April 2009. Commercial space leased for an average of $12.34/sfn compared to $14.22 for the same month last year. The average lease rate for office space was $12.78/ sfn compared $12.12/sfn last year.

Sales Market Highlights

TREB Commercial Members reported 58 sales of IC&I properties in April, including 23 industrial buildings of all size categories with an average selling price of $53.66 per square foot. Non-MLS sources provided an average selling price of $52.90 per square foot for the same time period.

Complete copy of the Commercial Realty Watch at www.TREBCommercial.com

Greater Toronto REALTORS(R) are passionate about their work. They adhere to a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Serving over 29,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board. Greater Toronto Area open house listings are now available on www.TorontoRealEstateBoard.com.

Former Toronto brownfield site to take on imaginative new uses: farmers’ market, office, studio and event space for rent, a café, garden centre, winter skating rink and ongoing arts, crafts and educational activities