Commercial Realty Watch For All TREB Member Inquiries: (416) 443-8158 For All Media/Public Inquiries: (416) 443-8152 Over 4.8 Million Square Feet Leased in Q3 2015 TORONTO, October 5, 2015 – Toronto Real Estate Board President Mark McLean announced that TREB Commercial Network Members leased over 4.8 million square feet of combined industrial, commercial/retail and office space in the third quarter of 2015. This result represented an 18.9 per cent year-over-year decrease compared to the third quarter of 2014. Approximately three-quarters of all leased space was accounted for by the industrial market segment, followed by 13 per cent for the office segment and 12 per cent the commercial/retail segment. Year-over-year changes in average lease rates, for properties leased on a per square foot net basis with pricing disclosed, was mixed in Q3 2015. The average industrial lease rate was $5.33 per square foot net – down approximately nine per cent compered to Q3 2014. The average commercial/retail lease rate was down by 2.1 per cent annually to $18.84 per square foot net. The average office lease rate was up slightly to $12.29 per square foot net from $12.24 last year. “Economic conditions in the Greater Toronto Area remain relatively strong compared to some other regions across the country. However, it seems safe to assume that the GTA export sector still has room to grow on the back of the lower value of the Canadian dollar vis-à-vis the US. So, while commercial leasing and sales activity through TREB’s MLS® system in Q3 was slower this year compared to last, the expectation is that we will see a pick-up later this year or into 2016 as firms start to experience an uptick in demand for their goods or services from south of the border,” said Mr. McLean. Total industrial, commercial/retail and office property sales amounted to 230 in Q3 2015 – down by approximately 32 per cent compared to 336 sales in Q3 2014. The number of sales were down for all three market segments. Year-over-year changes in average sale prices, on a per square foot basis for transactions with pricing disclosed, were mixed.The average industrial selling price, at $101.68 per square foot, was down by approximately 5.5 per cent compared to Q3 2014. The average office selling price was also down substantially, but this was largely due to the sale of some larger spaces compared to the same period in 2014. Larger properties tend to sell for less on a per square foot basis. The average commercial/retail price was up year-over-year to $211.59 compared to $179.83 in Q3 2014. TREB MLS® All Leasing Activity* (Sq.Ft.) 230 336 Third Quarter 2015 Third Quarter 2014 TREB MLS® All Sales Activity* 4,864,173 6,000,187 Third Quarter 2015 Third Quarter 2014 Sources and Notes: 1- Statistics Canada, Quarter-over-quarter growth, annualized. 2- Statistics Canada, Year-over-year growth for the most recently reported month 3- Bank of Canada, Rate from most recent Bank of Canada announcement 4- Bank of Canada, Rates for most recently completed month NOTE: This chart summarizes total industrial and commercial/retail and office sales through the TREB MLS® system regardless of pricing terms. NOTE: This chart summarizes total industrial, commercial/retail and office square feet leased through the TREB MLS® system regardless of pricing terms. Economic Indicators Real GDP Growth Q2 2015 (0.5%) Toronto Employment Growth August 2015 5.1% Toronto Unemployment Rate August 2015 6.7% Inflation (Yr./ Yr. CPI Growth) August 2015 1.3% Bank of Canada Overnight Rate September 2015 0.5% Prime Rate September 2015 2.7% Third Quarter 2015 GoC Yield Curve (September 2015) T-Bill 3 Month T-Bill 6 Month 1 Year 2 Year 3 Year 5 Year 7 Year 10 Year 0.43% 0.44% 0.49% 0.53% 0.54% 0.81% 1.11% 1.45%
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Commercial Realty WatchFor All TREB Member Inquiries:
(416) 443-8158For All Media/Public Inquiries:
(416) 443-8152
Over 4.8 Million Square Feet Leased in Q3 2015
TORONTO, October 5, 2015 – Toronto Real Estate Board President MarkMcLean announced that TREB Commercial Network Members leasedover 4.8 million square feet of combined industrial, commercial/retailand office space in the third quarter of 2015. This result represented an18.9 per cent year-over-year decrease compared to the third quarter of2014. Approximately three-quarters of all leased space was accountedfor by the industrial market segment, followed by 13 per cent for theoffice segment and 12 per cent the commercial/retail segment.
Year-over-year changes in average lease rates, for properties leased on aper square foot net basis with pricing disclosed, was mixed in Q3 2015.The average industrial lease rate was $5.33 per square foot net – downapproximately nine per cent compered to Q3 2014. The averagecommercial/retail lease rate was down by 2.1 per cent annually to $18.84per square foot net. The average office lease rate was up slightly to$12.29 per square foot net from $12.24 last year.
“Economic conditions in the Greater Toronto Area remain relativelystrong compared to some other regions across the country. However, itseems safe to assume that the GTA export sector still has room to growon the back of the lower value of the Canadian dollar vis-à-vis the US. So,while commercial leasing and sales activity through TREB’s MLS® systemin Q3 was slower this year compared to last, the expectation is that wewill see a pick-up later this year or into 2016 as firms start to experiencean uptick in demand for their goods or services from south of theborder,” said Mr. McLean.
Total industrial, commercial/retail and office property sales amounted to230 in Q3 2015 – down by approximately 32 per cent compared to 336sales in Q3 2014. The number of sales were down for all three marketsegments.
Year-over-year changes in average sale prices, on a per square foot basisfor transactions with pricing disclosed, were mixed.The average industrialselling price, at $101.68 per square foot, was down by approximately 5.5per cent compared to Q3 2014. The average office selling price was alsodown substantially, but this was largely due to the sale of some largerspaces compared to the same period in 2014. Larger properties tend tosell for less on a per square foot basis. The average commercial/retailprice was up year-over-year to $211.59 compared to $179.83 in Q3 2014.
TREB MLS®All Leasing Activity*
(Sq.Ft.)
230
336
Third Quarter2015
Third Quarter2014
TREB MLS®All Sales Activity*
4,864,173
6,000,187
Third Quarter2015
Third Quarter2014
Sources and Notes:
1- Statistics Canada, Quarter-over-quartergrowth, annualized.2- Statistics Canada, Year-over-year growthfor the most recently reported month3- Bank of Canada, Rate from most recentBank of Canada announcement4- Bank of Canada, Rates for most recentlycompleted month
NOTE: This chart summarizes total industrial andcommercial/retail and office sales through the TREB MLS®system regardless of pricing terms.
NOTE: This chart summarizes total industrial, commercial/retailand office square feet leased through the TREB MLS® systemregardless of pricing terms.
Total TREB MLS® Leasing Activity*(Millions of Square Feet Leased)
TREB MLS® Average Lease Rates ($/Sq.Ft.Net)*
Total TREB MLS® Sales Activity*(Number of Sales)
TREB MLS® Average Sales Price ($/Sq. Ft.)*
* NOTE: This chart summarizes total industrial, commercial/retail and office squarefeet leased through the TREB MLS® system regardless of pricing terms.Source: TREB
* NOTE: Average lease rates are reported only for those properties sold on a persquare foot net basis and for which the selling price was disclosed.Source: TREB
* NOTE: This chart summarizes total industrial and commercial/retail sales through the TREBMLS® system regardless of pricing terms.Source: TREB
* NOTE: Average sale prices are reported only for those properties for which theselling price was disclosed.Source: TREB
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
4.86
3.66
0.57 0.63
6.00
4.74
0.67 0.59
Total Industrial Commercial/Retail Office
Third Quarter 2015Third Quarter 2014
$0.00
$4.00
$8.00
$12.00
$16.00
$20.00
$24.00
$5.33
$18.84
$12.29
$5.87
$19.24
$12.24
Industrial Commercial/Retail Office
Third Quarter 2015Third Quarter 2014
0
50
100
150
200
250
300
350
400
230
78
115
37
336
127146
63
Total Industrial Commercial/Retail Office
Third Quarter 2015Third Quarter 2014
$0.00
$40.00
$80.00
$120.00
$160.00
$200.00
$240.00
$280.00
$101.68
$211.59$191.00
$107.65
$179.83
$243.38
Industrial Commercial/Retail Office
Third Quarter 2015Third Quarter 2014
Commercial Realty Watch, Third Quarter 2015 2
TREB Commercial Network
Commercial Realty Watch, Third Quarter 2015
SUMMARY OF INDUSTRIAL LEASING
TRANSACTIONS COMPLETED ON A PER SQUARE FOOT NET BASIS, WITH PRICING DISCLOSED*ALL TREB AREAS
*NOTE: Figures in this table cover transactions completed on a per square foot net basis and for which pricing was disclosed during the reporting period. This differs from the chart summarizing square feet leasedon Page 2 of this report, which covers all leasing transactions in the TREB service area.
A ll Transactions 0 to 5,000 Sq F t 5,001 to 15,000 Sq F t 15,001 to 50,000 Sq F t 50,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lHa lton RegionBurlingtonHalton HillsMiltonOakville
Pee l RegionBramptonCaledonMississauga
TorontoToronto WestToronto CentralToronto East
York RegionAuroraE. GwillimburyGeorginaKingMarkhamNewmarketRichmond HillVaughanWhitchurch-Stouffville
TRANSACTIONS COMPLETED ON A PER SQUARE FOOT NET BASIS, WITH PRICING DISCLOSED*CITY OF TORONTO
*NOTE: Figures in this table cover transactions completed on a per square foot net basis and for which pricing was disclosed during the reporting period. This differs from the chart summarizing square feet leasedon Page 2 of this report, which covers all leasing transactions in the TREB service area.
A ll Transactions 0 to 5,000 Sq F t 5,001 to 15,000 Sq F t 15,001 to 50,000 Sq F t 50,001 + Sq F t
# Trans. Sq. F t. $/S F ne t # Trans. Sq. F t. $/S F ne t # Trans. Sq. F t. $/S F ne t # Trans. Sq. F t. $/S F ne t # Trans. Sq. F t. $/S F ne t
TR E B Tota lC ity of Toronto Tota lToronto WestToronto W01Toronto W02Toronto W03Toronto W04Toronto W05Toronto W06Toronto W07Toronto W08Toronto W09Toronto W10
Toronto C entra lToronto C01Toronto C02Toronto C03Toronto C04Toronto C06Toronto C07Toronto C08Toronto C09Toronto C10Toronto C11Toronto C12Toronto C13Toronto C14Toronto C15
Toronto E astToronto E01Toronto E02Toronto E03Toronto E04Toronto E05Toronto E06Toronto E07Toronto E08Toronto E09Toronto E10Toronto E11
TRANSACTIONS COMPLETED ON A PER SQUARE FOOT NET BASIS, WITH PRICING DISCLOSED*ALL TREB AREAS
*NOTE: Figures in this table cover transactions completed on a per square foot net basis and for which pricing was disclosed during the reporting period. This differs from the chart summarizing square feet leasedon Page 2 of this report, which covers all leasing transactions in the TREB service area.
A ll Transactions 0 to 1,000 Sq F t 1,001 to 2,500 Sq F t 2,001 to 5,000 Sq F t 5,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lHa lton RegionBurlingtonHalton HillsMiltonOakville
Pee l RegionBramptonCaledonMississauga
TorontoToronto WestToronto CentralToronto East
York RegionAuroraE. GwillimburyGeorginaKingMarkhamNewmarketRichmond HillVaughanWhitchurch-Stouffville
TRANSACTIONS COMPLETED ON A PER SQUARE FOOT NET BASIS, WITH PRICING DISCLOSED*CITY OF TORONTO
*NOTE: Figures in this table cover transactions completed on a per square foot net basis and for which pricing was disclosed during the reporting period. This differs from the chart summarizing square feet leasedon Page 2 of this report, which covers all leasing transactions in the TREB service area.
A ll Transactions 0 to 1,000 Sq F t 1,001 to 2,500 Sq F t 2,001 to 5,000 Sq F t 5,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lC ity of Toronto Tota lToronto WestToronto W01Toronto W02Toronto W03Toronto W04Toronto W05Toronto W06Toronto W07Toronto W08Toronto W09Toronto W10
Toronto C entra lToronto C01Toronto C02Toronto C03Toronto C04Toronto C06Toronto C07Toronto C08Toronto C09Toronto C10Toronto C11Toronto C12Toronto C13Toronto C14Toronto C15
Toronto E astToronto E01Toronto E02Toronto E03Toronto E04Toronto E05Toronto E06Toronto E07Toronto E08Toronto E09Toronto E10Toronto E11
TRANSACTIONS COMPLETED ON A PER SQUARE FOOT NET BASIS, WITH PRICING DISCLOSED*ALL TREB AREAS
*NOTE: Figures in this table cover transactions completed on a per square foot net basis and for which pricing was disclosed during the reporting period. This differs from the chart summarizing square feet leasedon Page 2 of this report, which covers all leasing transactions in the TREB service area.
A ll Transactions 0 to 1,000 Sq F t 1,001 to 2,500 Sq F t 2,001 to 5,000 Sq F t 5,001 + Sq F t
# Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF NetTR E B Tota lHa lton RegionBurlingtonHalton HillsMiltonOakville
Pee l RegionBramptonCaledonMississauga
TorontoToronto WestToronto CentralToronto East
York RegionAuroraE. GwillimburyGeorginaKingMarkhamNewmarketRichmond HillVaughanWhitchurch-Stouffville
TRANSACTIONS COMPLETED ON A PER SQUARE FOOT NET BASIS, WITH PRICING DISCLOSED*CITY OF TORONTO
*NOTE: Figures in this table cover transactions completed on a per square foot net basis and for which pricing was disclosed during the reporting period. This differs from the chart summarizing square feet leasedon Page 2 of this report, which covers all leasing transactions in the TREB service area.
A ll Transactions 0 to 1,000 Sq F t 1,001 to 2,500 Sq F t 2,001 to 5,000 Sq F t 5,001 + Sq F t
# Trans. Sq. F t. $/S F ne t # Trans. Sq. F t. $/S F ne t # Trans. Sq. F t. $/S F ne t # Trans. Sq. F t. $/S F ne t # Trans. Sq. F t. $/S F ne t
TR E B Tota lC ity of Toronto Tota lToronto WestToronto W01Toronto W02Toronto W03Toronto W04Toronto W05Toronto W06Toronto W07Toronto W08Toronto W09Toronto W10
Toronto C entra lToronto C01Toronto C02Toronto C03Toronto C04Toronto C06Toronto C07Toronto C08Toronto C09Toronto C10Toronto C11Toronto C12Toronto C13Toronto C14Toronto C15
Toronto E astToronto E01Toronto E02Toronto E03Toronto E04Toronto E05Toronto E06Toronto E07Toronto E08Toronto E09Toronto E10Toronto E11
*NOTE: Figures in this table cover transactions for which pricing was disclosed during the reporting period. This differs from the chart summarizing sales on Page 2 of this report, which covers all saletransactions in the TREB service area.
A ll Transactions 0 to 5,000 Sq F t 5,001 to 15,000 Sq F t 15,001 to 50,000 Sq F t 50,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lHa lton RegionBurlingtonHalton HillsMiltonOakville
Pee l RegionBramptonCaledonMississauga
TorontoToronto WestToronto CentralToronto East
York RegionAuroraE. GwillimburyGeorginaKingMarkhamNewmarketRichmond HillVaughanWhitchurch-Stouffville
SUMMARY OF INDUSTRIAL SALES - CONDOMINIUM BREAKOUT
TRANSACTIONS COMPLETED WITH PRICING DISCLOSED
*NOTE: Figures in this table cover transactions for which pricing was disclosed during the reporting period. This differs from the chart summarizing sales on Page 2 of this report, which covers all saletransactions in the TREB service area.
ALL TREB AREAS
10
A ll Transactions 0 to 5,000 Sq F t 5,001 to 15,000 Sq F t 15,001 to 50,000 Sq F t 50,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lHa lton RegionBurlingtonHalton HillsMiltonOakville
Pee l RegionBramptonCaledonMississauga
TorontoToronto WestToronto CentralToronto East
York RegionAuroraE. GwillimburyGeorginaKingMarkhamNewmarketRichmond HillVaughanWhitchurch-Stouffville
SUMMARY OF INDUSTRIAL SALES - OTHER TYPES BREAKOUT
TRANSACTIONS COMPLETED WITH PRICING DISCLOSEDALL TREB AREAS
*NOTE: Figures in this table cover transactions for which pricing was disclosed during the reporting period. This differs from the chart summarizing sales on Page 2 of this report, which covers all saletransactions in the TREB service area.
11
TREB Commercial Network
Commercial Realty Watch, Third Quarter 2015
SUMMARY OF INDUSTRIAL SALES
TRANSACTIONS COMPLETED WITH PRICING DISCLOSED
*NOTE: Figures in this table cover transactions for which pricing was disclosed during the reporting period. This differs from the chart summarizing sales on Page 2 of this report, which covers all saletransactions in the TREB service area.
A ll Transactions 0 to 5,000 Sq F t 5,001 to 15,000 Sq F t 15,001 to 50,000 Sq F t 50,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lC ity of Toronto Tota lToronto WestToronto W01Toronto W02Toronto W03Toronto W04Toronto W05Toronto W06Toronto W07Toronto W08Toronto W09Toronto W10
Toronto C entra lToronto C01Toronto C02Toronto C03Toronto C04Toronto C06Toronto C07Toronto C08Toronto C09Toronto C10Toronto C11Toronto C12Toronto C13Toronto C14Toronto C15
Toronto E astToronto E01Toronto E02Toronto E03Toronto E04Toronto E05Toronto E06Toronto E07Toronto E08Toronto E09Toronto E10Toronto E11
SUMMARY OF INDUSTRIAL SALES - CONDOMINIUM BREAKOUT
TRANSACTIONS COMPLETED WITH PRICING DISCLOSED
*NOTE: Figures in this table cover transactions for which pricing was disclosed during the reporting period. This differs from the chart summarizing sales on Page 2 of this report, which covers all saletransactions in the TREB service area.
CITY OF TORONTO
A ll Transactions 0 to 5,000 Sq F t 5,001 to 15,000 Sq F t 15,001 to 50,000 Sq F t 50,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lC ity of Toronto Tota lToronto WestToronto W01Toronto W02Toronto W03Toronto W04Toronto W05Toronto W06Toronto W07Toronto W08Toronto W09Toronto W10
Toronto C entra lToronto C01Toronto C02Toronto C03Toronto C04Toronto C06Toronto C07Toronto C08Toronto C09Toronto C10Toronto C11Toronto C12Toronto C13Toronto C14Toronto C15
Toronto E astToronto E01Toronto E02Toronto E03Toronto E04Toronto E05Toronto E06Toronto E07Toronto E08Toronto E09Toronto E10Toronto E11
SUMMARY OF INDUSTRIAL SALES - OTHER TYPES BREAKOUT
TRANSACTIONS COMPLETED WITH PRICING DISCLOSEDCITY OF TORONTO
*NOTE: Figures in this table cover transactions for which pricing was disclosed during the reporting period. This differs from the chart summarizing sales on Page 2 of this report, which covers all saletransactions in the TREB service area.
A ll Transactions 0 to 5,000 Sq F t 5,001 to 15,000 Sq F t 15,001 to 50,000 Sq F t 50,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lC ity of Toronto Tota lToronto WestToronto W01Toronto W02Toronto W03Toronto W04Toronto W05Toronto W06Toronto W07Toronto W08Toronto W09Toronto W10
Toronto C entra lToronto C01Toronto C02Toronto C03Toronto C04Toronto C06Toronto C07Toronto C08Toronto C09Toronto C10Toronto C11Toronto C12Toronto C13Toronto C14Toronto C15
Toronto E astToronto E01Toronto E02Toronto E03Toronto E04Toronto E05Toronto E06Toronto E07Toronto E08Toronto E09Toronto E10Toronto E11
*NOTE: Figures in this table cover transactions completed on a per square foot net basis and for which pricing was disclosed during the reporting period. This differs from the chart summarizing square feet leasedon Page 2 of this report, which covers all leasing transactions in the TREB service area.
ALL TREB AREAS
A ll Transactions 0 to 1,000 Sq F t 1,001 to 2,500 Sq F t 2,001 to 5,000 Sq F t 5,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lHa lton RegionBurlingtonHalton HillsMiltonOakville
Pee l RegionBramptonCaledonMississauga
TorontoToronto WestToronto CentralToronto East
York RegionAuroraE. GwillimburyGeorginaKingMarkhamNewmarketRichmond HillVaughanWhitchurch-Stouffville
SUMMARY OF COMMERCIAL/RETAIL SALES - CONDOMINIUM BREAKOUT
TRANSACTIONS COMPLETED WITH PRICING DISCLOSED
*NOTE: Figures in this table cover transactions completed on a per square foot net basis and for which pricing was disclosed during the reporting period. This differs from the chart summarizing square feet leasedon Page 2 of this report, which covers all leasing transactions in the TREB service area.
ALL TREB AREAS
A ll Transactions 0 to 1,000 Sq F t 1,001 to 2,500 Sq F t 2,001 to 5,000 Sq F t 5,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lHa lton RegionBurlingtonHalton HillsMiltonOakville
Pee l RegionBramptonCaledonMississauga
TorontoToronto WestToronto CentralToronto East
York RegionAuroraE. GwillimburyGeorginaKingMarkhamNewmarketRichmond HillVaughanWhitchurch-Stouffville
SUMMARY OF COMMERCIAL/RETAIL SALES - OTHER TYPES BREAKOUT
TRANSACTIONS COMPLETED WITH PRICING DISCLOSED
*NOTE: Figures in this table cover transactions completed on a per square foot net basis and for which pricing was disclosed during the reporting period. This differs from the chart summarizing square feet leasedon Page 2 of this report, which covers all leasing transactions in the TREB service area.
ALL TREB AREAS
A ll Transactions 0 to 1,000 Sq F t 1,001 to 2,500 Sq F t 2,001 to 5,000 Sq F t 5,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lHa lton RegionBurlingtonHalton HillsMiltonOakville
Pee l RegionBramptonCaledonMississauga
TorontoToronto WestToronto CentralToronto East
York RegionAuroraE. GwillimburyGeorginaKingMarkhamNewmarketRichmond HillVaughanWhitchurch-Stouffville
*NOTE: Figures in this table cover transactions completed on a per square foot net basis and for which pricing was disclosed during the reporting period. This differs from the chart summarizing square feet leasedon Page 2 of this report, which covers all leasing transactions in the TREB service area.
CITY OF TORONTO
A ll Transactions 0 to 1,000 Sq F t 1,001 to 2,500 Sq F t 2,001 to 5,000 Sq F t 5,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lC ity of Toronto Tota lToronto WestToronto W01Toronto W02Toronto W03Toronto W04Toronto W05Toronto W06Toronto W07Toronto W08Toronto W09Toronto W10
Toronto C entra lToronto C01Toronto C02Toronto C03Toronto C04Toronto C06Toronto C07Toronto C08Toronto C09Toronto C10Toronto C11Toronto C12Toronto C13Toronto C14Toronto C15
Toronto E astToronto E01Toronto E02Toronto E03Toronto E04Toronto E05Toronto E06Toronto E07Toronto E08Toronto E09Toronto E10Toronto E11
SUMMARY OF COMMERCIAL/RETAIL SALES - CONDOMINIUM BREAKOUT
TRANSACTIONS COMPLETED WITH PRICING DISCLOSED
*NOTE: Figures in this table cover transactions completed on a per square foot net basis and for which pricing was disclosed during the reporting period. This differs from the chart summarizing square feet leasedon Page 2 of this report, which covers all leasing transactions in the TREB service area.
CITY OF TORONTO
A ll Transactions 0 to 1,000 Sq F t 1,001 to 2,500 Sq F t 2,001 to 5,000 Sq F t 5,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lC ity of Toronto Tota lToronto WestToronto W01Toronto W02Toronto W03Toronto W04Toronto W05Toronto W06Toronto W07Toronto W08Toronto W09Toronto W10
Toronto C entra lToronto C01Toronto C02Toronto C03Toronto C04Toronto C06Toronto C07Toronto C08Toronto C09Toronto C10Toronto C11Toronto C12Toronto C13Toronto C14Toronto C15
Toronto E astToronto E01Toronto E02Toronto E03Toronto E04Toronto E05Toronto E06Toronto E07Toronto E08Toronto E09Toronto E10Toronto E11
SUMMARY OF COMMERCIAL/RETAIL SALES- OTHER TYPES BREAKOUT
TRANSACTIONS COMPLETED WITH PRICING DISCLOSED
*NOTE: Figures in this table cover transactions completed on a per square foot net basis and for which pricing was disclosed during the reporting period. This differs from the chart summarizing square feet leasedon Page 2 of this report, which covers all leasing transactions in the TREB service area.
CITY OF TORONTO
A ll Transactions 0 to 1,000 Sq F t 1,001 to 2,500 Sq F t 2,001 to 5,000 Sq F t 5,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lC ity of Toronto Tota lToronto WestToronto W01Toronto W02Toronto W03Toronto W04Toronto W05Toronto W06Toronto W07Toronto W08Toronto W09Toronto W10
Toronto C entra lToronto C01Toronto C02Toronto C03Toronto C04Toronto C06Toronto C07Toronto C08Toronto C09Toronto C10Toronto C11Toronto C12Toronto C13Toronto C14Toronto C15
Toronto E astToronto E01Toronto E02Toronto E03Toronto E04Toronto E05Toronto E06Toronto E07Toronto E08Toronto E09Toronto E10Toronto E11
*NOTE: Figures in this table cover transactions completed on a per square foot net basis and for which pricing was disclosed during the reporting period. This differs from the chart summarizing square feet leasedon Page 2 of this report, which covers all leasing transactions in the TREB service area.
ALL TREB AREAS
A ll Transactions 0 to 1,000 Sq F t 1,001 to 2,500 Sq F t 2,001 to 5,000 Sq F t 5,001 + Sq F t
# Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t # Trans. Sq. F t. $/S F Ne t
TR E B Tota lHa lton RegionBurlingtonHalton HillsMiltonOakville
Pee l RegionBramptonCaledonMississauga
TorontoToronto WestToronto CentralToronto East
York RegionAuroraE. GwillimburyGeorginaKingMarkhamNewmarketRichmond HillVaughanWhitchurch-Stouffville
*NOTE: Figures in this table cover transactions completed on a per square foot net basis and for which pricing was disclosed during the reporting period. This differs from the chart summarizing square feet leasedon Page 2 of this report, which covers all leasing transactions in the TREB service area.
CITY OF TORONTO
A ll Transactions 0 to 1,000 Sq F t 1,001 to 2,500 Sq F t 2,001 to 5,000 Sq F t 5,001 + Sq F t
# Trans. Sq. F t. $/S F # Trans. Sq. F t. $/S F # Trans. Sq. F t. $/S F # Trans. Sq. F t. $/S F # Trans. Sq. F t. $/S F
TR E B Tota lC ity of Toronto Tota lToronto WestToronto W01Toronto W02Toronto W03Toronto W04Toronto W05Toronto W06Toronto W07Toronto W08Toronto W09Toronto W10
Toronto C entra lToronto C01Toronto C02Toronto C03Toronto C04Toronto C06Toronto C07Toronto C08Toronto C09Toronto C10Toronto C11Toronto C12Toronto C13Toronto C14Toronto C15
Toronto E astToronto E01Toronto E02Toronto E03Toronto E04Toronto E05Toronto E06Toronto E07Toronto E08Toronto E09Toronto E10Toronto E11
*NOTE: Figures in this table cover transactions for which pricing was disclosed during the reporting period. This differs from the chart summarizing sales on Page 2 of this report, which covers all sale transactions inthe TREB service area.
*NOTE: Figures in this table cover transactions for which pricing was disclosed during the reporting period. This differs from the chart summarizing sales on Page 2 of this report, which covers all sale transactions inthe TREB service area.
TR E B Tota lC ity of Toronto Tota lToronto WestToronto W01Toronto W02Toronto W03Toronto W04Toronto W05Toronto W06Toronto W07Toronto W08Toronto W09Toronto W10
Toronto C entra lToronto C01Toronto C02Toronto C03Toronto C04Toronto C06Toronto C07Toronto C08Toronto C09Toronto C10Toronto C11Toronto C12Toronto C13Toronto C14Toronto C15
Toronto E astToronto E01Toronto E02Toronto E03Toronto E04Toronto E05Toronto E06Toronto E07Toronto E08Toronto E09Toronto E10Toronto E11
Buildings or space within a building designatedfor commercial/retail uses. Excludes office space/buildings.
Buildings or space within a building designatedfor industrial uses.
Average of lease rates reportedon a per square foot net basis broken down by type andgeography.
TREB Commercial Network
A leasing agreement whereby the tenant paysthe rent and certain expenses connected with the leasedpremises.
Commercial Realty Watch, Third Quarter 2015
Commercial NetworkOutreach Program Request
To arrange the CommercialOutreach Program for yourBrokerage, please contact:Naseef Khan, Manager,Commercial ResearchPhone:416-443-8100 ext. 8446Email:[email protected]