Toronto Real Estate Board

Toronto Real Estate Board

May 08, 2008 12:35 ET

Toronto Real Estate Board: Over 1,000,000 Square Feet Leased in April

TORONTO, ONTARIO--(Marketwire - May 8, 2008) - TREB Members reported 1,108,430 square feet of space leased through the TorontoMLS system, up four per cent over April of 2007, Commercial Council Chair Garry Lander announced today. "This figure is also up 19 per cent over the March figure of 933,299, and in fact makes April's the best monthly performance of 2008."

In April, the price for Industrial space (all size categories) declined six per cent to $5.43 sfn from last April's figure of $5.76 sfn. Commercial space (all size categories) averaged $14.91 sfn, down nine per cent from last April's $16.41 sfn.

Sales Market Highlights

In April, TREB Members recorded 58 sales of Industrial/Commercial Properties. Of these, 39 were industrial properties of all size categories, which transacted for an average of $87.04 per square foot. This compares to a figure of $101.59 per square foot from non- MLS® sources, which reported the sale of a number of unusually expensive Industrial properties in April.

Greater Toronto Area 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 27,000 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

Make the Right Move. Contact a Toronto Real Estate Board REALTOR®.
1400 Don Mills Road,
Toronto, Ontario
M3B 3N1
Tel: (416) 443-8100
Fax: (416) 443 9703

Contact Information