Toronto Real Estate Board

Toronto Real Estate Board

May 20, 2009 10:30 ET

Toronto Real Estate Board: Almost 500,000 Square Feet Leased In April

TORONTO, ONTARIO--(Marketwire - May 20, 2009) - TREB Members reported 466,837 square feet of leased space in April, Commercial Council Chair Garry Lander reported today. This is in comparison to the 1,108,430 recorded in April of 2008. "While still trading below last year's levels, the result represents an 11 per cent month-over- month increase from March," Mr. Lander noted.

Industrial space in all size categories leased for $5.43 last month, unchanged
from April 2008. Commercial space traded for $14.22, down five per cent
from the $14.91 figure seen in April of 2008.

Sales Market Highlights

TREB Members recorded 30 sales of IC&I properties in April, including 15 industrial buildings of all size categories which averaged $61.33 per square foot. This compares to the $100.98 per square foot obtained from non-MLS® source.

For a complete copy of the Commercial Realty Watch visit www.TREBCommercial.com

Members of the Toronto Real Estate Board's Commercial Division adhere to a strict Code of Ethics and Standards of Business Practice, only those who have met the standards established by their peers are eligible to become Members.

Greater Toronto REALTORS® 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 28,000 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.

Contact Information

  • For Media/Public Inquiries:
    Toronto Real Estate Board
    Mary Gallagher, Manager Media Relations
    (416) 443-8158
    Email: maryg@trebnet.com