Toronto Real Estate Board

Toronto Real Estate Board

November 08, 2007 10:04 ET

Toronto Real Estate Board: Over 800,000 Leased in October

TORONTO, ONTARIO--(Marketwire - Nov. 8, 2007) - In October, TREB Members reported 821,889 square feet of space leased through the TorontoMLS system. Part of the reason for this healthy result was the lease of a 105,110 square foot building in the Newmarket (N07) area.

"As IC&I Realtors further recognize the advantages of listing through MLS, you will see more and more of these large properties appearing on the system," said Commercial Council Chair Garry Lander.

Prices trended upwards in October, with industrial space (all size categories) rising marginally over September to $5.83 sfn, while commercial space climbed 12 per cent to $14.04 sfn over the $12.52 sfn recorded during the previous month.

Sales Market Highlights

The TorontoMLS system saw 60 sales of Industrial/Commercial properties in October. Of these, 34 were of industrial properties in all size classes, which averaged $105.73 per square foot. Non-MLS sources this month gave a figure of $77.95 per square foot.

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