Fewer Commercial Real Estate Transactions in Q3 TORONTO, October 5, 2011 — Toronto Real Estate Board (TREB) Commercial Division Members leased almost 3.6 million square feet of commercial space through the TorontoMLS® system in the third quarter of 2011, representing a decline of almost 50 per cent in comparison to almost 6.6 million square feet leased during the same period in 2010. Industrial space accounted for over 78 per cent of the total space leased. The average lease rate for industrial transactions completed on a per square foot net basis and for which pricing was disclosed was $4.83 – down 28 per cent compared to an average of $6.75 in the third quarter of 2010. “The outlook for the Canadian economy became less clear during the spring and summer of this year. The dip in leasing transactions in the third quarter suggests that firms were viewing investment and expansion with more caution compared to the summer of 2010,” said TREB Commercial Division Chair Larry Purchase. In the third quarter, 184 commercial properties were sold through the TorontoMLS® system. This result was 35 per cent lower than the 285 transactions recorded in the third quarter of 2010. The split in sales between industrial and other commercial types was more balanced compared to the leasing market. Industrial sales accounted for 60 per cent of total transactions. The average selling price for industrial transactions with pricing disclosed was $75.42 per square foot – up almost 22 per cent compared to an average of $61.88 in the third quarter of 2010. The average price per square foot for other commercial transactions with pricing disclosed was $196.11 – up 21 per cent compared to an average of $162 per square foot in the third quarter of 2010. “While some firms will continue to approach real estate investments with some degree of caution in the near term, the consensus view is that Canadian economic growth will resume in the second half of 2011 and through 2012. Once the economic situation becomes clearer, GTA firms, especially those focused on exporting goods and services, will be more likely to consider new investment in real estate,” Purchase added. For All Media/Public Inquiries: (416) 443-8158 For All TREB Member Inquiries: (416) 443-8152 Third Quarter 2011 Real GDP Growth 1 Q2 2011 u -0.4% Toronto Employment Growth 2 August 2011 t 0.8% Toronto Unemployment Rate August 2011 u 8.1% Inflation (Yr./Yr. CPI Growth) 2 August 2011 t 3.1% Bank of Canada Overnight Rate 3 September 2011 q 1.0% Prime Rate 4 September 2011 q 3.0% GoC Yield Curve (Aug. 2011) 4 3 Month T-Bill u 0.83% 6 Month T-Bill u 0.87% 1 Year u 0.88% 2 Year u 0.92% 3 Year u 1.07% 5 Year u 1.44% 7 Year u 1.73% 10 Year u 2.19% Sources and Notes: Economic Indicators 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 3,595,209 6,578,016 Third Quarter 2011 Third Quarter 2010 * NOTE: This chart summarizes total industrial, commercial/retail and office square feet leased through TorontoMLS® regardless of pricing terms. TorontoMLS® All Leasing Activity* (Sq. Ft.) 184 285 Third Quarter 2011 Third Quarter 2010 * NOTE: This chart summarizes total industrial and commercial/retail sales through TorontoMLS® regardless of pricing terms. Total TorontoMLS® All Sales Activity*
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Fewer Commercial Real Estate Transactions in Q3 TORONTO, October 5, 2011 — Toronto Real Estate Board (TREB) Commercial Division Members leased almost 3.6 million square feet of commercial space through the TorontoMLS® system in the third quarter of 2011, representing a decline of almost 50 per cent in comparison to almost 6.6 million square feet leased during the same period in 2010. Industrial space accounted for over 78 per cent of the total space leased. The average lease rate for industrial transactions completed on a per square foot net basis and for which pricing was disclosed was $4.83 – down 28 per cent compared to an average of $6.75 in the third quarter of 2010. “The outlook for the Canadian economy became less clear during the spring and summer of this year. The dip in leasing transactions in the third quarter suggests that firms were viewing investment and expansion with more caution compared to the summer of 2010,” said TREB Commercial Division Chair Larry Purchase. In the third quarter, 184 commercial properties were sold through the TorontoMLS® system. This result was 35 per cent lower than the 285 transactions recorded in the third quarter of 2010. The split in sales between industrial and other commercial types was more balanced compared to the leasing market. Industrial sales accounted for 60 per cent of total transactions. The average selling price for industrial transactions with pricing disclosed was $75.42 per square foot – up almost 22 per cent compared to an average of $61.88 in the third quarter of 2010. The average price per square foot for other commercial transactions with pricing disclosed was $196.11 – up 21 per cent compared to an average of $162 per square foot in the third quarter of 2010. “While some firms will continue to approach real estate investments with some degree of caution in the near term, the consensus view is that Canadian economic growth will resume in the second half of 2011 and through 2012. Once the economic situation becomes clearer, GTA firms, especially those focused on exporting goods and services, will be more likely to consider new investment in real estate,” Purchase added.
For All Media/Public Inquiries: (416) 443-8158
For All TREB Member Inquiries: (416) 443-8152 Third Quarter 2011
Real GDP Growth1
Q2 2011 u -0.4%
Toronto Employment Growth2
August 2011 t 0.8%
Toronto Unemployment Rate
August 2011 u 8.1%
Inflation (Yr./Yr. CPI Growth)2
August 2011 t 3.1%
Bank of Canada Overnight Rate3
September 2011 q 1.0%
Prime Rate4
September 2011 q 3.0%
GoC Yield Curve (Aug. 2011)4
3 Month T-Bill u 0.83%
6 Month T-Bill u 0.87%
1 Year u 0.88%
2 Year u 0.92%
3 Year u 1.07%
5 Year u 1.44%
7 Year u 1.73%
10 Year u 2.19%
Sources and Notes:
Economic Indicators
1Statistics Canada, Quarter-over-quarter
growth, annualized.
2Statistics Canada, Year-over-year growth
for the most recently reported month
3Bank of Canada, Rate from most recent
Bank of Canada announcement
4Bank of Canada, rates for most recently
completed month
3,595,209
6,578,016
Third Quarter 2011 Third Quarter 2010
* NOTE: This chart summarizes total industrial, commercial/retail and office square feet leased through TorontoMLS® regardless of pricing terms.
TorontoMLS®
All Leasing Activity*(Sq. Ft.)
184
285
Third Quarter 2011 Third Quarter 2010
* NOTE: This chart summarizes total industrial and commercial/retail sales through TorontoMLS® regardless of pricing terms.
Total TorontoMLS®
All Sales Activity*
Commercial Realty Watch, Third Quarter 2011 2
TREB Commercial Division
3.602.83
0.37 0.40
6.58
5.64
0.45 0.49
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
Total Industrial Commercial/Retail Office
Mill
ion
s o
f Sq
uar
e F
ee
t
* NOTE: This chart summarizes total industrial, commercial/retail and office square feet leased through TorontoMLS® regardless of pricing terms.Source: TREB, Commercial Division
Total TorontoMLS® Leasing Activity*
(Millions of Square Feet Leased)
Third Quarter 2011
Third Quarter 2010
$4.83
$20.25
$10.93
$6.75
$18.00
$10.45
$0.00
$5.00
$10.00
$15.00
$20.00
$25.00
Industrial Commercial/Retail Office
* NOTE: Average lease rates are reported only for those properties sold on a per square foot net basis and for which the selling price was disclosed.Source: TREB, Commercial Division
TorontoMLS® Average Lease Rates ($/Sq.Ft. Net)*
Third Quarter 2011 Third Quarter 2010
184
10777
285
147 138
0
50
100
150
200
250
300
Total Industrial Commercial/Retail
* NOTE: This chart summarizes total industrial and commercial/retail sales through TorontoMLS® regardless of pricing terms.Source: TREB, Commercial Division
Total TorontoMLS® Sales Activity*
(Number of Sales)
Third Quarter 2011
Third Quarter 2010
$75.42
$196.11
$61.88
$162.00
$0.00
$50.00
$100.00
$150.00
$200.00
$250.00
Industrial Commercial/Retail
* NOTE: Average sale prices are reported only for those properties for which the selling price was disclosed.Source: TREB, Commercial Division
TorontoMLS® Average Sale Price ($/Sq. Ft.)*
Third Quarter 2011
Third Quarter 2010
Commercial Realty Watch, Third Quarter 2011 3
TREB Commercial Division
SUMMARY OF INDUSTRIAL LEASING
TRANSACTIONS COMPLETED ON A PER SQUARE FOOT NET BASIS, WITH PRICING DISCLOSED*
# Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net
TREB Total 212 2,053,545 $4.83 116 310,657 $6.45 65 542,299 $5.48 24 634,074 $4.36 7 566,515 $3.84
Halton Region 10 393,925 $4.30 2 6,007 $5.78 3 27,261 $5.30 0 - - 5 360,657 $4.20
Burlington 4 117,468 $5.01 1 1,750 $4.75 1 10,706 $5.60 0 - - 2 105,012 $4.95
Halton Hills 0 - - 0 - - 0 - - 0 - - 0 - -
Milton 2 85,202 $4.61 0 - - 1 10,600 $4.50 0 - - 1 74,602 $4.63
Oakville 4 191,255 $3.73 1 4,257 $6.20 1 5,955 $6.20 0 - - 2 181,043 $3.59
Peel Region 68 596,169 $4.73 34 92,889 $5.44 25 217,309 $5.67 8 221,771 $4.29 1 64,200 $2.00
Brampton 13 131,276 $4.42 7 17,964 $5.93 4 34,822 $4.33 2 78,490 $4.11 0 - -
Caledon 2 49,754 $4.57 0 - - 1 10,261 $5.60 1 39,493 $4.30 0 - -
Mississauga 53 415,139 $4.84 27 74,925 $5.32 20 172,226 $5.95 5 103,788 $4.41 1 64,200 $2.00
City of Toronto 57 327,801 $4.83 38 98,839 $6.50 15 114,321 $4.76 4 114,641 $3.47 0 - -
West 27 182,507 $4.77 16 41,851 $7.06 8 65,815 $5.02 3 74,841 $3.27 0 - -
Central 5 12,807 $8.40 5 12,807 $8.40 0 - - 0 - - 0 - -
East 25 132,487 $4.57 17 44,181 $5.41 7 48,506 $4.40 1 39,800 $3.85 0 - -
York Region 68 662,435 $5.21 36 95,767 $7.48 20 172,508 $5.81 11 252,502 $4.76 1 141,658 $3.75
Aurora 5 21,562 $7.24 4 7,562 $6.75 1 14,000 $7.50 0 - - 0 - -
E. Gwillimbury 0 - - 0 - - 0 - - 0 - - 0 - -
Georgina 0 - - 0 - - 0 - - 0 - - 0 - -
King 0 - - 0 - - 0 - - 0 - - 0 - -
Markham 20 125,531 $5.87 10 28,998 $7.00 8 62,933 $5.75 2 33,600 $5.11 0 - -
Newmarket 1 6,080 $5.50 0 - - 1 6,080 $5.50 0 - - 0 - -
Richmond Hill 5 35,277 $5.32 3 7,166 $7.57 1 8,611 $7.00 1 19,500 $3.75 0 - -
Vaughan 35 470,859 $4.81 17 48,915 $6.82 9 80,884 $5.45 8 199,402 $4.80 1 141,658 $3.75
Whitchurch-Stouffville 2 3,127 $23.77 2 3,127 $23.77 0 - - 0 - - 0 - -
Durham Region 9 73,215 $5.02 6 17,155 $6.16 2 10,900 $4.54 1 45,160 $4.70 0 - -
Ajax 2 46,848 $4.76 1 1,688 $6.25 0 - - 1 45,160 $4.70 0 - -
Brock 0 - - 0 - - 0 - - 0 - - 0 - -
Clarington 0 - - 0 - - 0 - - 0 - - 0 - -
Oshawa 1 3,327 $6.00 1 3,327 $6.00 0 - - 0 - - 0 - -
Pickering 3 13,483 $4.81 1 2,583 $5.95 2 10,900 $4.54 0 - - 0 - -
Scugog 0 - - 0 - - 0 - - 0 - - 0 - -
Uxbridge 0 - - 0 - - 0 - - 0 - - 0 - -
Whitby 3 9,557 $6.26 3 9,557 $6.26 0 - - 0 - - 0 - -
Dufferin County 0 - - 0 - - 0 - - 0 - - 0 - -
Orangeville 0 - - 0 - - 0 - - 0 - - 0 - -
Simcoe County 0 - - 0 - - 0 - - 0 - - 0 - -
Adjala-Tosorontio 0 - - 0 - - 0 - - 0 - - 0 - -
Bradford West Gwillimbury 0 - - 0 - - 0 - - 0 - - 0 - -
Essa 0 - - 0 - - 0 - - 0 - - 0 - -
Innisfil 0 - - 0 - - 0 - - 0 - - 0 - -
New Tecumseth 0 - - 0 - - 0 - - 0 - - 0 - -
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
leased on Page 2 of this report, which covers all leasing transactions in the TREB service area.
All Transactions 0 to 5,000 Square Feet 5,001 to 15,000 Square Feet 15,001 to 50,000 Square Feet 50,001 + Square Feet
Commercial Realty Watch, Third Quarter 2011 4
TREB Commercial Division
SUMMARY OF INDUSTRIAL LEASING
TRANSACTIONS COMPLETED ON A PER SQUARE FOOT NET BASIS, WITH PRICING DISCLOSED
# Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net
TREB Total 212 2,053,545 $4.83 116 310,657 $6.45 65 542,299 $5.48 24 634,074 $4.36 7 566,515 $3.84
City of Toronto 57 327,801 $4.83 38 98,839 $6.50 15 114,321 $4.76 4 114,641 $3.47 0 - -
Toronto West 27 182,507 $4.77 16 41,851 $7.06 8 65,815 $5.02 3 74,841 $3.27 0 - -
Toronto W01 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W02 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W03 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W04 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W05 19 129,314 $4.20 11 29,435 $5.88 6 50,538 $4.48 2 49,341 $2.92 0 - -
Toronto W06 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W07 1 25,500 $3.95 0 - - 0 - - 1 25,500 $3.95 0 - -
Toronto W08 3 12,845 $13.12 2 6,433 $14.74 1 6,412 $11.50 0 - - 0 - -
Toronto W09 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W10 4 14,848 $3.92 3 5,983 $4.62 1 8,865 $3.45 0 - - 0 - -
Toronto Central 5 12,807 $8.40 5 12,807 $8.40 0 - - 0 - - 0 - -
Toronto C01 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C02 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C03 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C04 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C06 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C07 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C08 2 5,075 $13.60 2 5,075 $13.60 0 - - 0 - - 0 - -
Toronto C09 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C10 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C11 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C12 1 3,730 $4.45 1 3,730 $4.45 0 - - 0 - - 0 - -
Toronto C13 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C14 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C15 2 4,002 $5.50 2 4,002 $5.50 0 - - 0 - - 0 - -
Toronto East 25 132,487 $4.57 17 44,181 $5.41 7 48,506 $4.40 1 39,800 $3.85 0 - -
Toronto E01 1 3,000 $12.00 1 3,000 $12.00 0 - - 0 - - 0 - -
Toronto E02 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E03 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E04 7 27,430 $4.09 4 9,276 $4.37 3 18,154 $3.95 0 - - 0 - -
Toronto E05 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E06 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E07 10 76,735 $4.47 6 15,433 $5.28 3 21,502 $5.05 1 39,800 $3.85 0 - -
Toronto E08 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E09 4 19,752 $4.04 3 10,902 $4.27 1 8,850 $3.75 0 - - 0 - -
Toronto E10 1 1,500 $8.00 1 1,500 $8.00 0 - - 0 - - 0 - -
Toronto E11 2 4,070 $5.50 2 4,070 $5.50 0 - - 0 - - 0 - -*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
leased on Page 2 of this report, which covers all leasing transactions in the TREB service area.
CITY OF TORONTO
All Transactions 0 to 5,000 Square Feet 5,001 to 15,000 Square Feet 15,001 to 50,000 Square Feet 50,001 + Square Feet
Commercial Realty Watch, Third Quarter 2011 5
TREB Commercial Division
SUMMARY OF COMMERCIAL/RETAIL LEASING
TRANSACTIONS COMPLETED ON A PER SQUARE FOOT NET BASIS, WITH PRICING DISCLOSED
# Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net
TREB Total 122 195,942 $20.25 42 28,903 $41.77 64 95,081 $20.86 13 44,422 $12.93 3 27,536 $7.39
Halton Region 6 9,288 $15.52 2 1,448 $12.18 3 3,745 $25.58 1 4,095 $7.50 0 - -
Burlington 0 - - 0 - - 0 - - 0 - - 0 - -
Halton Hills 1 500 $16.80 1 500 $16.80 0 - - 0 - - 0 - -
Milton 1 1,300 $16.00 0 - - 1 1,300 $16.00 0 - - 0 - -
Oakville 4 7,488 $15.35 1 948 $9.75 2 2,445 $30.67 1 4,095 $7.50 0 - -
Peel Region 20 30,280 $14.61 4 2,855 $16.29 13 16,794 $17.46 3 10,631 $9.67 0 - -
Brampton 10 15,058 $15.25 2 1,420 $17.80 7 9,438 $16.76 1 4,200 $11.00 0 - -
Caledon 0 - - 0 - - 0 - - 0 - - 0 - -
Mississauga 10 15,222 $13.98 2 1,435 $14.79 6 7,356 $18.35 2 6,431 $8.81 0 - -
City of Toronto 51 79,457 $23.62 18 12,087 $36.66 27 43,550 $25.31 5 16,980 $16.00 1 6,840 $8.70
West 9 23,189 $12.42 2 2,000 $25.35 4 6,100 $11.33 2 8,249 $13.18 1 6,840 $8.70
Central 22 32,874 $31.98 5 2,438 $61.59 15 25,236 $32.04 2 5,200 $17.77 0 - -
East 20 23,394 $22.97 11 7,649 $31.67 8 12,214 $18.38 1 3,531 $20.00 0 - -
York Region 35 62,047 $21.28 15 10,589 $63.19 15 21,682 $17.60 3 9,080 $13.81 2 20,696 $6.96
Aurora 1 800 $12.00 1 800 $12.00 0 - - 0 - - 0 - -
E. Gwillimbury 0 - - 0 - - 0 - - 0 - - 0 - -
Georgina 2 1,650 $14.08 2 1,650 $14.08 0 - - 0 - - 0 - -
King 0 - - 0 - - 0 - - 0 - - 0 - -
Markham 14 15,255 $50.05 9 5,889 $101.95 3 3,718 $19.44 2 5,648 $16.10 0 - -
Newmarket 1 1,223 $20.00 0 - - 1 1,223 $20.00 0 - - 0 - -
Richmond Hill 7 21,950 $9.76 1 800 $15.00 5 7,275 $15.03 0 - - 1 13,875 $6.70
Vaughan 9 20,069 $13.24 2 1,450 $16.48 5 8,366 $18.68 1 3,432 $10.05 1 6,821 $7.50
Whitchurch-Stouffville 1 1,100 $17.45 0 - - 1 1,100 $17.45 0 - - 0 - -
Durham Region 9 14,509 $12.35 2 1,563 $16.01 6 9,310 $11.87 1 3,636 $12.00 0 - -
Ajax 3 4,245 $10.83 1 863 $13.00 2 3,382 $10.28 0 - - 0 - -
Brock 0 - - 0 - - 0 - - 0 - - 0 - -
Clarington 1 1,200 $9.75 0 - - 1 1,200 $9.75 0 - - 0 - -
Oshawa 4 8,364 $12.87 0 - - 3 4,728 $13.54 1 3,636 $12.00 0 - -
Pickering 0 - - 0 - - 0 - - 0 - - 0 - -
Scugog 0 - - 0 - - 0 - - 0 - - 0 - -
Uxbridge 1 700 $19.71 1 700 $19.71 0 - - 0 - - 0 - -
Whitby 0 - - 0 - - 0 - - 0 - - 0 - -
Dufferin County 0 - - 0 - - 0 - - 0 - - 0 - -
Orangeville 0 - - 0 - - 0 - - 0 - - 0 - -
Simcoe County 1 361 $16.62 1 361 $16.62 0 - - 0 - - 0 - -
Adjala-Tosorontio 0 - - 0 - - 0 - - 0 - - 0 - -
Bradford West Gwillimbury 0 - - 0 - - 0 - - 0 - - 0 - -
Essa 0 - - 0 - - 0 - - 0 - - 0 - -
Innisfil 0 - - 0 - - 0 - - 0 - - 0 - -
New Tecumseth 1 361 $16.62 1 361 $16.62 0 - - 0 - - 0 - -*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
leased on Page 2 of this report, which covers all leasing transactions in the TREB service area.
ALL TREB AREAS
All Transactions 0 to 1,000 Square Feet 1,001 TO 2,500 Square Feet 2,501 TO 5,000 Square Feet 5,001+ Square Feet
Commercial Realty Watch, Third Quarter 2011 6
TREB Commercial Division
SUMMARY OF COMMERCIAL LEASING
TRANSACTIONS COMPLETED ON A PER SQUARE FOOT NET BASIS, WITH PRICING DISCLOSED
# Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net
TREB Total 122 195,942 $20.25 42 28,903 $41.77 64 95,081 $20.86 13 44,422 $12.93 3 27,536 $7.39
City of Toronto 51 79,457 $23.62 18 12,087 $36.66 27 43,550 $25.31 5 16,980 $16.00 1 6,840 $8.70
Toronto West 9 23,189 $12.42 2 2,000 $25.35 4 6,100 $11.33 2 8,249 $13.18 1 6,840 $8.70
Toronto W01 2 3,100 $17.81 1 1,000 $36.00 1 2,100 $9.14 0 - - 0 - -
Toronto W02 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W03 1 5,000 $12.00 0 - - 0 - - 1 5,000 $12.00 0 - -
Toronto W04 2 2,200 $14.86 1 1,000 $14.70 1 1,200 $15.00 0 - - 0 - -
Toronto W05 3 6,049 $13.33 0 - - 2 2,800 $11.39 1 3,249 $15.00 0 - -
Toronto W06 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W07 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W08 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W09 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W10 1 6,840 $8.70 0 - - 0 - - 0 - - 1 6,840 $8.70
Toronto Central 22 32,874 $31.98 5 2,438 $61.59 15 25,236 $32.04 2 5,200 $17.77 0 - -
Toronto C01 9 13,940 $27.06 2 421 $88.27 5 8,319 $29.76 2 5,200 $17.77 0 - -
Toronto C02 4 5,157 $55.97 2 1,552 $54.98 2 3,605 $56.39 0 - - 0 - -
Toronto C03 1 2,186 $20.00 0 - - 1 2,186 $20.00 0 - - 0 - -
Toronto C04 3 4,926 $32.81 0 - - 3 4,926 $32.81 0 - - 0 - -
Toronto C06 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C07 3 3,964 $24.22 1 464 $59.46 2 3,500 $19.54 0 - - 0 - -
Toronto C08 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C09 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C10 2 2,700 $31.11 0 - - 2 2,700 $31.11 0 - - 0 - -
Toronto C11 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C12 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C13 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C14 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C15 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto East 20 23,394 $22.97 11 7,649 $31.67 8 12,214 $18.38 1 3,531 $20.00 0 - -
Toronto E01 3 2,800 $40.63 2 1,600 $44.85 1 1,200 $35.00 0 - - 0 - -
Toronto E02 2 3,559 $13.66 0 - - 2 3,559 $13.66 0 - - 0 - -
Toronto E03 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E04 1 1,436 $12.53 0 - - 1 1,436 $12.53 0 - - 0 - -
Toronto E05 1 600 $15.00 1 600 $15.00 0 - - 0 - - 0 - -
Toronto E06 2 4,821 $19.25 0 - - 1 1,290 $17.21 1 3,531 $20.00 0 - -
Toronto E07 9 7,930 $27.06 7 4,851 $29.33 2 3,079 $23.48 0 - - 0 - -
Toronto E08 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E09 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E10 1 1,650 $13.00 0 - - 1 1,650 $13.00 0 - - 0 - -
Toronto E11 1 598 $32.11 1 598 $32.11 0 - - 0 - - 0 - -*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
leased on Page 2 of this report, which covers all leasing transactions in the TREB service area.
CITY OF TORONTO
All Transactions 0 to 1,000 Square Feet 1,001 TO 2,500 Square Feet 2,501 TO 5,000 Square Feet 5,001+ Square Feet
Commercial Realty Watch, Third Quarter 2011 7
TREB Commercial Division
SUMMARY OF OFFICE LEASING
TRANSACTIONS COMPLETED ON A PER SQUARE FOOT NET BASIS, WITH PRICING DISCLOSED
# Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net
TREB Total 111 235,500 $10.93 46 30,996 $14.84 41 66,899 $11.19 16 56,702 $13.59 8 80,903 $7.36
Halton Region 5 12,565 $13.32 0 - - 3 5,179 $11.42 2 7,386 $14.65 0 - -
Burlington 1 1,120 $12.00 0 - - 1 1,120 $12.00 0 - - 0 - -
Halton Hills 0 - - 0 - - 0 - - 0 - - 0 - -
Milton 2 4,967 $11.95 0 - - 1 2,240 $12.50 1 2,727 $11.50 0 - -
Oakville 2 6,478 $14.60 0 - - 1 1,819 $9.74 1 4,659 $16.50 0 - -
Peel Region 22 87,392 $7.64 5 2,464 $16.93 10 14,931 $10.50 3 11,996 $9.56 4 58,001 $6.11
Brampton 4 4,497 $12.82 1 140 $38.57 3 4,357 $11.99 0 - - 0 - -
Caledon 0 - - 0 - - 0 - - 0 - - 0 - -
Mississauga 18 82,895 $7.35 4 2,324 $15.62 7 10,574 $9.88 3 11,996 $9.56 4 58,001 $6.11
City of Toronto 38 60,525 $17.20 22 14,481 $18.83 8 13,213 $14.00 6 21,781 $18.93 2 11,050 $15.51
West 10 17,260 $14.72 6 3,079 $17.86 1 1,895 $12.00 2 6,439 $11.26 1 5,847 $17.75
Central 21 33,565 $20.70 11 8,151 $22.82 6 9,359 $15.15 3 10,852 $27.58 1 5,203 $13.00
East 7 9,700 $9.54 5 3,251 $9.75 1 1,959 $10.41 1 4,490 $9.00 0 - -
York Region 39 69,373 $9.30 14 10,519 $10.48 18 31,463 $10.48 5 15,539 $8.71 2 11,852 $5.88
Aurora 1 715 $12.59 1 715 $12.59 0 - - 0 - - 0 - -
E. Gwillimbury 0 - - 0 - - 0 - - 0 - - 0 - -
Georgina 0 - - 0 - - 0 - - 0 - - 0 - -
King 1 1,128 $19.00 0 - - 1 1,128 $19.00 0 - - 0 - -
Markham 16 23,870 $9.16 7 5,016 $10.98 8 12,612 $10.20 0 - - 1 6,242 $5.60
Newmarket 3 3,030 $11.51 2 1,770 $9.73 1 1,260 $14.00 0 - - 0 - -
Richmond Hill 6 14,676 $9.89 1 627 $16.75 4 8,439 $11.83 0 - - 1 5,610 $6.20
Vaughan 11 23,371 $8.86 3 2,391 $7.74 4 8,024 $7.77 4 12,956 $9.75 0 - -
Whitchurch-Stouffville 1 2,583 $3.48 0 - - 0 - - 1 2,583 $3.48 0 - -
Durham Region 5 3,719 $9.40 3 1,606 $10.58 2 2,113 $8.50 0 - - 0 - -
Ajax 1 780 $9.00 1 780 $9.00 0 - - 0 - - 0 - -
Brock 0 - - 0 - - 0 - - 0 - - 0 - -
Clarington 0 - - 0 - - 0 - - 0 - - 0 - -
Oshawa 1 575 $9.00 1 575 $9.00 0 - - 0 - - 0 - -
Pickering 3 2,364 $9.63 1 251 $19.12 2 2,113 $8.50 0 - - 0 - -
Scugog 0 - - 0 - - 0 - - 0 - - 0 - -
Uxbridge 0 - - 0 - - 0 - - 0 - - 0 - -
Whitby 0 - - 0 - - 0 - - 0 - - 0 - -
Dufferin County 2 1,926 $9.49 2 1,926 $9.49 0 - - 0 - - 0 - -
Orangeville 2 1,926 $9.49 2 1,926 $9.49 0 - - 0 - - 0 - -
Simcoe County 0 - - 0 - - 0 - - 0 - - 0 - -
Adjala-Tosorontio 0 - - 0 - - 0 - - 0 - - 0 - -
Bradford West Gwillimbury 0 - - 0 - - 0 - - 0 - - 0 - -
Essa 0 - - 0 - - 0 - - 0 - - 0 - -
Innisfil 0 - - 0 - - 0 - - 0 - - 0 - -
New Tecumseth 0 - - 0 - - 0 - - 0 - - 0 - -
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
leased on Page 2 of this report, which covers all leasing transactions in the TREB service area.
All Transactions 0 to 1,000 Square Feet 1,001 TO 2,500 Square Feet 2,501 TO 5,000 Square Feet 5,001+ Square Feet
Commercial Realty Watch, Third Quarter 2011 8
TREB Commercial Division
SUMMARY OF OFFICE LEASING
TRANSACTIONS COMPLETED ON A PER SQUARE FOOT NET BASIS, WITH PRICING DISCLOSED
# Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net
TREB Total 111 235,500 $10.93 46 30,996 $14.84 41 66,899 $11.19 16 56,702 $13.59 8 80,903 $7.36
City of Toronto 38 60,525 $17.20 22 14,481 $18.83 8 13,213 $14.00 6 21,781 $18.93 2 11,050 $15.51
Toronto West 10 17,260 $14.72 6 3,079 $17.86 1 1,895 $12.00 2 6,439 $11.26 1 5,847 $17.75
Toronto W01 2 9,072 $17.75 0 - - 0 - - 1 3,225 $17.75 1 5,847 $17.75
Toronto W02 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W03 1 284 $25.35 1 284 $25.35 0 - - 0 - - 0 - -
Toronto W04 3 2,956 $15.28 2 1,061 $21.13 1 1,895 $12.00 0 - - 0 - -
Toronto W05 3 4,548 $7.16 2 1,334 $12.96 0 - - 1 3,214 $4.75 0 - -
Toronto W06 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W07 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W08 1 400 $20.25 1 400 $20.25 0 - - 0 - - 0 - -
Toronto W09 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W10 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto Central 21 33,565 $20.70 11 8,151 $22.82 6 9,359 $15.15 3 10,852 $27.58 1 5,203 $13.00
Toronto C01 4 8,407 $23.46 1 950 $20.00 2 3,233 $18.00 1 4,224 $28.41 0 - -
Toronto C02 4 8,916 $23.22 1 788 $7.75 1 1,500 $14.40 2 6,628 $27.05 0 - -
Toronto C03 2 1,506 $24.97 2 1,506 $24.97 0 - - 0 - - 0 - -
Toronto C04 1 2,500 $15.60 0 - - 1 2,500 $15.60 0 - - 0 - -
Toronto C06 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C07 2 1,689 $23.20 1 604 $39.74 1 1,085 $14.00 0 - - 0 - -
Toronto C08 1 1,000 $18.24 1 1,000 $18.24 0 - - 0 - - 0 - -
Toronto C09 1 385 $31.17 1 385 $31.17 0 - - 0 - - 0 - -
Toronto C10 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C11 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C12 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C13 1 5,203 $13.00 0 - - 0 - - 0 - - 1 5,203 $13.00
Toronto C14 4 2,918 $23.66 4 2,918 $23.66 0 - - 0 - - 0 - -
Toronto C15 1 1,041 $7.50 0 - - 1 1,041 $7.50 0 - - 0 - -
Toronto East 7 9,700 $9.54 5 3,251 $9.75 1 1,959 $10.41 1 4,490 $9.00 0 - -
Toronto E01 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E02 1 1,959 $10.41 0 - - 1 1,959 $10.41 0 - - 0 - -
Toronto E03 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E04 1 1,000 $5.25 1 1,000 $5.25 0 - - 0 - - 0 - -
Toronto E05 2 1,256 $9.87 2 1,256 $9.87 0 - - 0 - - 0 - -
Toronto E06 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E07 2 5,185 $9.23 1 695 $10.71 0 - - 1 4,490 $9.00 0 - -
Toronto E08 1 300 $22.00 1 300 $22.00 0 - - 0 - - 0 - -
Toronto E09 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E10 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E11 0 - - 0 - - 0 - - 0 - - 0 - -*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
leased on Page 2 of this report, which covers all leasing transactions in the TREB service area.
CITY OF TORONTO
All Transactions 0 to 1,000 Square Feet 1,001 TO 2,500 Square Feet 2,501 TO 5,000 Square Feet 5,001+ Square Feet
Commercial Realty Watch, Third Quarter 2011 9
TREB Commercial Division
SUMMARY OF INDUSTRIAL SALES
TRANSACTIONS COMPLETED WITH PRICING DISCLOSED
# Trans. Sq. Ft. $/SF # Trans. Sq. Ft. $/SF # Trans. Sq. Ft. $/SF # Trans. Sq. Ft. $/SF # Trans. Sq. Ft. $/SF
TREB Total 103 1,758,211 $75.42 64 140,949 $137.21 9 93,637 $134.46 22 653,436 $85.08 8 870,189 $51.81
Halton Region 7 254,694 $70.15 3 10,168 $195.94 1 9,500 $131.58 1 20,317 $148.89 2 214,709 $54.03
Burlington 1 134,433 $40.91 0 - - 0 - - 0 - - 1 134,433 $40.91
Halton Hills 2 8,908 $199.01 2 8,908 $199.01 0 - - 0 - - 0 - -
Milton 2 29,817 $143.37 0 - - 1 9,500 $131.58 1 20,317 $148.89 0 - -
Oakville 2 81,536 $77.51 1 1,260 $174.29 0 - - 0 - - 1 80,276 $75.99
Peel Region 31 777,657 $78.08 15 35,014 $132.02 5 53,142 $145.37 8 251,574 $85.24 3 437,927 $61.48
Brampton 8 359,719 $75.14 4 9,673 $128.30 1 10,362 $134.14 2 89,199 $71.75 1 250,485 $71.86
Caledon 1 10,150 $108.37 0 - - 1 10,150 $108.37 0 - - 0 - -
Mississauga 22 407,788 $79.91 11 25,341 $133.44 3 32,630 $160.44 6 162,375 $92.65 2 187,442 $47.61
City of Toronto 34 400,766 $60.15 24 48,818 $116.75 3 30,995 $116.63 4 103,400 $79.64 3 217,553 $30.14
West 20 220,990 $58.58 13 25,590 $100.07 2 16,100 $133.54 4 103,400 $79.64 1 75,900 $0.00
Central 0 - - 0 - - 0 - - 0 - - 0 - -
East 14 179,776 $62.09 11 23,228 $135.13 1 14,895 $98.36 0 - - 2 141,653 $46.30
York Region 26 237,581 $106.46 20 42,445 $154.21 0 - - 6 195,136 $96.08 0 - -
Aurora 1 1,288 $165.37 1 1,288 $165.37 0 - - 0 - - 0 - -
E. Gwillimbury 0 - - 0 - - 0 - - 0 - - 0 - -
Georgina 0 - - 0 - - 0 - - 0 - - 0 - -
King 0 - - 0 - - 0 - - 0 - - 0 - -
Markham 9 44,803 $122.88 8 17,203 $153.03 0 - - 1 27,600 $104.09 0 - -
Newmarket 3 83,205 $75.93 1 3,000 $105.83 0 - - 2 80,205 $74.81 0 - -
Richmond Hill 3 5,030 $167.79 3 5,030 $167.79 0 - - 0 - - 0 - -
Vaughan 9 102,785 $120.35 6 15,454 $161.45 0 - - 3 87,331 $113.08 0 - -
Whitchurch-Stouffville 1 470 $92.55 1 470 $92.55 0 - - 0 - - 0 - -
Durham Region 5 87,513 $52.85 2 4,504 $106.57 0 - - 3 83,009 $49.93 0 - -
Ajax 2 21,250 $40.94 1 3,250 $98.46 0 - - 1 18,000 $30.56 0 - -
Brock 0 - - 0 - - 0 - - 0 - - 0 - -
Clarington 0 - - 0 - - 0 - - 0 - - 0 - -
Oshawa 0 - - 0 - - 0 - - 0 - - 0 - -
Pickering 2 47,063 $55.35 1 1,254 $127.59 0 - - 1 45,809 $53.37 0 - -
Scugog 0 - - 0 - - 0 - - 0 - - 0 - -
Uxbridge 0 - - 0 - - 0 - - 0 - - 0 - -
Whitby 1 19,200 $59.90 0 - - 0 - - 1 19,200 $59.90 0 - -
Dufferin County 0 - - 0 - - 0 - - 0 - - 0 - -
Orangeville 0 - - 0 - - 0 - - 0 - - 0 - -
Simcoe County 0 - - 0 - - 0 - - 0 - - 0 - -
Adjala-Tosorontio 0 - - 0 - - 0 - - 0 - - 0 - -
Bradford West Gwillimbury 0 - - 0 - - 0 - - 0 - - 0 - -
Essa 0 - - 0 - - 0 - - 0 - - 0 - -
Innisfil 0 - - 0 - - 0 - - 0 - - 0 - -
New Tecumseth 0 - - 0 - - 0 - - 0 - - 0 - -*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
in the TREB service area.
ALL TREB AREAS
All Transactions 0 to 5,000 Square Feet 5,001 to 15,000 Square Feet 15,001 to 50,000 Square Feet 50,001 + Square Feet
Commercial Realty Watch, Third Quarter 2011 10
TREB Commercial Division
SUMMARY OF INDUSTRIAL SALES
TRANSACTIONS COMPLETED WITH PRICING DISCLOSED
# Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net
TREB Total 103 1,758,211 $75.42 64 140,949 $137.21 9 93,637 $134.46 22 653,436 $85.08 8 870,189 $51.81
City of Toronto 34 400,766 $60.15 24 48,818 $116.75 3 30,995 $116.63 4 103,400 $79.64 3 217,553 $30.14
Toronto West 20 220,990 $58.58 13 25,590 $100.07 2 16,100 $133.54 4 103,400 $79.64 1 75,900 $0.00
Toronto W01 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W02 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W03 1 4,600 $293.48 1 4,600 $293.48 0 - - 0 - - 0 - -
Toronto W04 2 19,900 $80.30 1 2,400 $124.17 0 - - 1 17,500 $74.29 0 - -
Toronto W05 4 15,880 $115.33 3 5,780 $117.89 1 10,100 $113.86 0 - - 0 - -
Toronto W06 1 75,900 $0.00 0 - - 0 - - 0 - - 1 75,900 $0.00
Toronto W07 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W08 1 23,960 $125.21 0 - - 0 - - 1 23,960 $125.21 0 - -
Toronto W09 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W10 11 80,750 $63.98 8 12,810 $18.06 1 6,000 $166.67 2 61,940 $63.53 0 - -
Toronto Central 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C01 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C02 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C03 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C04 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C06 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C07 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C08 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C09 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C10 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C11 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C12 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C13 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C14 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C15 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto East 14 179,776 $62.09 11 23,228 $135.13 1 14,895 $98.36 0 - - 2 141,653 $46.30
Toronto E01 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E02 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E03 1 2,375 $153.26 1 2,375 $153.26 0 - - 0 - - 0 - -
Toronto E04 1 2,850 $168.42 1 2,850 $168.42 0 - - 0 - - 0 - -
Toronto E05 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E06 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E07 9 170,724 $57.89 6 14,176 $131.20 1 14,895 $98.36 0 - - 2 141,653 $46.30
Toronto E08 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E09 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E10 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E11 3 3,827 $113.64 3 3,827 $113.64 0 - - 0 - - 0 - -*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
in the TREB service area.
CITY OF TORONTO
All Transactions 0 to 5,000 Square Feet 5,001 to 15,000 Square Feet 15,001 to 50,000 Square Feet 50,001 + Square Feet
Commercial Realty Watch, Third Quarter 2011 11
TREB Commercial Division
SUMMARY OF COMMERCIAL/RETAIL SALES
TRANSACTIONS COMPLETED WITH PRICING DISCLOSED
# Trans. Sq. Ft. $/SF # Trans. Sq. Ft. $/SF # Trans. Sq. Ft. $/SF # Trans. Sq. Ft. $/SF # Trans. Sq. Ft. $/SF
TREB Total 69 351,218 $196.11 15 8,785 $307.54 21 36,096 $289.79 17 61,120 $240.46 16 245,217 $167.27
Halton Region 0 - - 0 - - 0 - - 0 - - 0 - -
Burlington 0 - - 0 - - 0 - - 0 - - 0 - -
Halton Hills 0 - - 0 - - 0 - - 0 - - 0 - -
Milton 0 - - 0 - - 0 - - 0 - - 0 - -
Oakville 0 - - 0 - - 0 - - 0 - - 0 - -
Peel Region 4 4,775 $320.26 1 900 $312.50 3 3,875 $322.06 0 - - 0 - -
Brampton 1 1,175 $208.51 0 - - 1 1,175 $208.51 0 - - 0 - -
Caledon 1 900 $312.50 1 900 $312.50 0 - - 0 - - 0 - -
Mississauga 2 2,700 $371.48 0 - - 2 2,700 $371.48 0 - - 0 - -
City of Toronto 46 174,419 $266.63 11 5,499 $318.87 14 24,196 $336.23 11 42,262 $245.77 10 102,462 $256.00
West 11 29,977 $208.03 3 2,076 $351.66 3 4,876 $189.91 4 16,025 $232.45 1 7,000 $122.14
Central 21 91,307 $347.06 1 357 $651.26 9 16,372 $405.47 5 17,532 $334.99 6 57,046 $332.10
East 14 53,135 $161.49 7 3,066 $257.96 2 2,948 $193.69 2 8,705 $90.63 3 38,416 $167.38
York Region 13 80,064 $171.40 3 2,386 $279.55 3 5,625 $140.80 5 15,858 $241.83 2 56,195 $150.00
Aurora 0 - - 0 - - 0 - - 0 - - 0 - -
E. Gwillimbury 1 18,750 $22.88 0 - - 0 - - 0 - - 1 18,750 $22.88
Georgina 1 2,400 $152.08 0 - - 1 2,400 $152.08 0 - - 0 - -
King 0 - - 0 - - 0 - - 0 - - 0 - -
Markham 2 40,998 $238.43 0 - - 0 - - 1 3,553 $499.58 1 37,445 $213.65
Newmarket 2 4,901 $149.97 1 650 $223.08 0 - - 1 4,251 $138.79 0 - -
Richmond Hill 1 1,225 $238.37 0 - - 1 1,225 $238.37 0 - - 0 - -
Vaughan 5 10,929 $189.86 1 875 $537.14 1 2,000 $67.50 3 8,054 $182.52 0 - -
Whitchurch-Stouffville 1 861 $60.39 1 861 $60.39 0 - - 0 - - 0 - -
Durham Region 6 91,960 $77.41 0 - - 1 2,400 $118.75 1 3,000 $158.33 4 86,560 $73.46
Ajax 1 3,000 $158.33 0 - - 0 - - 1 3,000 $158.33 0 - -
Brock 0 - - 0 - - 0 - - 0 - - 0 - -
Clarington 0 - - 0 - - 0 - - 0 - - 0 - -
Oshawa 2 50,280 $23.62 0 - - 0 - - 0 - - 2 50,280 $23.62
Pickering 1 25,000 $190.00 0 - - 0 - - 0 - - 1 25,000 $190.00
Scugog 0 - - 0 - - 0 - - 0 - - 0 - -
Uxbridge 1 2,400 $118.75 0 - - 1 2,400 $118.75 0 - - 0 - -
Whitby 1 11,280 $37.37 0 - - 0 - - 0 - - 1 11,280 $37.37
Dufferin County 0 - - 0 - - 0 - - 0 - - 0 - -
Orangeville 0 - - 0 - - 0 - - 0 - - 0 - -
Simcoe County 0 - - 0 - - 0 - - 0 - - 0 - -
Adjala-Tosorontio 0 - - 0 - - 0 - - 0 - - 0 - -
Bradford West Gwillimbury 0 - - 0 - - 0 - - 0 - - 0 - -
Essa 0 - - 0 - - 0 - - 0 - - 0 - -
Innisfil 0 - - 0 - - 0 - - 0 - - 0 - -
New Tecumseth 0 - - 0 - - 0 - - 0 - - 0 - -
ALL 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 sale transactions
in the TREB service area.
All Transactions 0 to 1,000 Square Feet 1,001 TO 2,500 Square Feet 2,501 TO 5,000 Square Feet 5,001+ Square Feet
Commercial Realty Watch, Third Quarter 2011 12
TREB Commercial Division
SUMMARY OF COMMERCIAL/RETAIL SALES
TRANSACTIONS COMPLETED WITH PRICING DISCLOSED
# Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net # Trans. Sq. Ft. $/SF Net
TREB Total 69 351,218 $196.11 15 8,785 $307.54 21 36,096 $289.79 17 61,120 $240.46 16 245,217 $167.27
City of Toronto 46 174,419 $266.63 11 5,499 $318.87 14 24,196 $336.23 11 42,262 $245.77 10 102,462 $256.00
Toronto West 11 29,977 $208.03 3 2,076 $351.66 3 4,876 $189.91 4 16,025 $232.45 1 7,000 $122.14
Toronto W01 1 423 $460.99 1 423 $460.99 0 - - 0 - - 0 - -
Toronto W02 4 10,929 $171.47 1 678 $390.92 1 2,076 $184.97 2 8,175 $149.85 0 - -
Toronto W03 1 4,000 $150.00 0 - - 0 - - 1 4,000 $150.00 0 - -
Toronto W04 1 7,000 $122.14 0 - - 0 - - 0 - - 1 7,000 $122.14
Toronto W05 1 3,850 $493.51 0 - - 0 - - 1 3,850 $493.51 0 - -
Toronto W06 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W07 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W08 1 975 $276.92 1 975 $276.92 0 - - 0 - - 0 - -
Toronto W09 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto W10 2 2,800 $193.57 0 - - 2 2,800 $193.57 0 - - 0 - -
Toronto Central 21 91,307 $347.06 1 357 $651.26 9 16,372 $405.47 5 17,532 $334.99 6 57,046 $332.10
Toronto C01 3 10,754 $501.53 0 - - 2 2,698 $442.36 0 - - 1 8,056 $521.35
Toronto C02 4 11,754 $404.96 0 - - 2 4,648 $399.07 2 7,106 $408.81 0 - -
Toronto C03 2 7,680 $300.78 0 - - 0 - - 2 7,680 $300.78 0 - -
Toronto C04 1 1,500 $580.00 0 - - 1 1,500 $580.00 0 - - 0 - -
Toronto C06 1 1,150 $295.65 0 - - 1 1,150 $295.65 0 - - 0 - -
Toronto C07 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C08 4 33,738 $268.24 0 - - 0 - - 0 - - 4 33,738 $268.24
Toronto C09 4 22,198 $368.64 0 - - 2 4,200 $435.71 1 2,746 $239.62 1 15,252 $373.39
Toronto C10 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C11 1 2,176 $252.76 0 - - 1 2,176 $252.76 0 - - 0 - -
Toronto C12 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C13 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto C14 1 357 $651.26 1 357 $651.26 0 - - 0 - - 0 - -
Toronto C15 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto East 14 53,135 $161.49 7 3,066 $257.96 2 2,948 $193.69 2 8,705 $90.63 3 38,416 $167.38
Toronto E01 1 5,300 $179.25 0 - - 0 - - 0 - - 1 5,300 $179.25
Toronto E02 1 4,080 $82.08 0 - - 0 - - 1 4,080 $82.08 0 - -
Toronto E03 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E04 2 22,100 $131.45 0 - - 1 1,600 $128.13 0 - - 1 20,500 $131.71
Toronto E05 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E06 1 4,625 $98.16 0 - - 0 - - 1 4,625 $98.16 0 - -
Toronto E07 5 2,760 $210.83 4 1,412 $152.90 1 1,348 $271.51 0 - - 0 - -
Toronto E08 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E09 2 13,315 $226.89 1 699 $344.78 0 - - 0 - - 1 12,616 $220.36
Toronto E10 0 - - 0 - - 0 - - 0 - - 0 - -
Toronto E11 2 955 $349.74 2 955 $349.74 0 - - 0 - - 0 - -*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
in the TREB service area.
CITY OF TORONTO
All Transactions 0 to 1,000 Square Feet 1,001 TO 2,500 Square Feet 2,501 TO 5,000 Square Feet 5,001+ Square Feet
Commercial Realty Watch, Third Quarter 2011 13
TREB Commercial Division
SUMMARY OF LAND SALES
TRANSACTIONS COMPLETED WITH PRICING DISCLOSED
# Trans. Acres $/Acre # Trans. Acres $/Acre # Trans. Acres $/Acre
TREB Total 23 66.51 $331,210 16 17.90 $735,563 7 48.62 $182,378
Halton Region 0 - - 0 - - 0 - -
Burlington 0 - - 0 - - 0 - -
Halton Hills 0 - - 0 - - 0 - -
Milton 0 - - 0 - - 0 - -
Oakville 0 - - 0 - - 0 - -
Peel Region 8 22.95 $393,560 5 5.46 $793,846 3 17.49 $268,611
Brampton 6 21.76 $349,996 3 4.27 $683,106 3 17.49 $268,611
Caledon 0 - - 0 - - 0 - -
Mississauga 2 1.19 $1,192,720 2 1.19 $1,192,720 0 - -
City of Toronto 3 1.21 $3,543,342 3 1.21 $3,543,342 0 - -
West 2 1.17 $2,228,322 2 1.17 $2,228,322 0 - -
Central 1 0.05 $37,026,000 1 0.05 $37,026,000 0 - -
East 0 - - 0 - - 0 - -
York Region 4 8.32 $246,288 3 5.12 $283,031 1 3.20 $187,500
Aurora 0 - - 0 - - 0 - -
E. Gwillimbury 0 - - 0 - - 0 - -
Georgina 1 2.29 $168,122 1 2.29 $168,122 0 - -
King 2 4.70 $247,685 1 1.50 $376,080 1 3.20 $187,500
Markham 0 - - 0 - - 0 - -
Newmarket 0 - - 0 - - 0 - -
Richmond Hill 0 - - 0 - - 0 - -
Vaughan 1 1.33 $375,940 1 1.33 $375,940 0 - -
Whitchurch-Stouffville 0 - - 0 - - 0 - -
Durham Region 7 31.71 $176,413 4 3.78 $535,595 3 27.93 $127,789
Ajax 1 1.80 $611,111 1 1.80 $611,111 0 - -
Brock 0 - - 0 - - 0 - -
Clarington 0 - - 0 - - 0 - -
Oshawa 2 19.96 $129,409 1 0.96 $234,375 1 19.00 $124,105
Pickering 3 9.69 $161,014 1 0.77 $456,905 2 8.93 $135,628
Scugog 0 - - 0 - - 0 - -
Uxbridge 0 - - 0 - - 0 - -
Whitby 1 0.25 $1,373,514 1 0.25 $1,373,514 0 - -
Dufferin County 1 2.32 $452,586 1 2.32 $452,586 0 - -
Orangeville 1 2.32 $452,586 1 2.32 $452,586 0 - -
Simcoe County 0 - - 0 - - 0 - -
Adjala-Tosorontio 0 - - 0 - - 0 - -
Bradford West Gwillimbury 0 - - 0 - - 0 - -
Essa 0 - - 0 - - 0 - -
Innisfil 0 - - 0 - - 0 - -
New Tecumseth 0 - - 0 - - 0 - -
ALL TREB AREAS
All Transactions 0 to 3 Acres 3+ Acres
*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 in the TREB service area.
Commercial Realty Watch, Third Quarter 2011 14
TREB Commercial Division
SUMMARY OF LAND SALES
TRANSACTIONS COMPLETED WITH PRICING DISCLOSED
# Trans. Acres $/Acre # Trans. Acres $/Acre # Trans. Acres $/Acre
TREB Total 23 66.51 $331,210 16 17.90 $735,563 7 48.62 $182,378
City of Toronto 3 1.21 $3,543,342 3 1.21 $3,543,342 0 - -
Toronto West 2 1.17 $2,228,322 2 1.17 $2,228,322 0 - -
Toronto W01 0 - - 0 - - 0 - -
Toronto W02 0 - - 0 - - 0 - -
Toronto W03 0 - - 0 - - 0 - -
Toronto W04 0 - - 0 - - 0 - -
Toronto W05 1 0.48 $1,145,921 1 0.48 $1,145,921 0 - -
Toronto W06 0 - - 0 - - 0 - -
Toronto W07 0 - - 0 - - 0 - -
Toronto W08 1 0.68 $2,993,949 1 0.68 $2,993,949 0 - -
Toronto W09 0 - - 0 - - 0 - -
Toronto W10 0 - - 0 - - 0 - -
Toronto Central 1 0.05 $37,026,000 1 0.05 $37,026,000 0 - -
Toronto C01 0 - - 0 - - 0 - -
Toronto C02 0 - - 0 - - 0 - -
Toronto C03 0 - - 0 - - 0 - -
Toronto C04 0 - - 0 - - 0 - -
Toronto C06 0 - - 0 - - 0 - -
Toronto C07 0 - - 0 - - 0 - -
Toronto C08 1 0.05 $37,026,000 1 0.05 $37,026,000 0 - -
Toronto C09 0 - - 0 - - 0 - -
Toronto C10 0 - - 0 - - 0 - -
Toronto C11 0 - - 0 - - 0 - -
Toronto C12 0 - - 0 - - 0 - -
Toronto C13 0 - - 0 - - 0 - -
Toronto C14 0 - - 0 - - 0 - -
Toronto C15 0 - - 0 - - 0 - -
Toronto East 0 - - 0 - - 0 - -
Toronto E01 0 - - 0 - - 0 - -
Toronto E02 0 - - 0 - - 0 - -
Toronto E03 0 - - 0 - - 0 - -
Toronto E04 0 - - 0 - - 0 - -
Toronto E05 0 - - 0 - - 0 - -
Toronto E06 0 - - 0 - - 0 - -
Toronto E07 0 - - 0 - - 0 - -
Toronto E08 0 - - 0 - - 0 - -
Toronto E09 0 - - 0 - - 0 - -
Toronto E10 0 - - 0 - - 0 - -
Toronto E11 0 - - 0 - - 0 - -*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 in the TREB service area.
All Transactions 0 to 3 Acres 3+ Acres
CITY OF TORONTO
Commercial Realty Watch, Third Quarter 2011 15
TREB Commercial Division
Executive Council Commercial Division 2011-2012 Larry B. Purchase Chair Cynthia Lai, FRI Vice-Chair Garry Lander Past Chair Council Members Bob Airey Armando Bernardo John Borrelli John Crombie Peter De Guerre Dennis Hastings Tony Ma Joe Panchyshyn Donald Patterson George Sachs Neel Surendran, CCIM Mario Vitelli For All Media/Public Inquiries: (416) 443-8158 For All TREB Member Inquiries: (416) 443-8152 www.trebcommercial.com
Glossary of Terms
Net Lease: A leasing agreement whereby the tenant pays the rent and certain expenses connected with the leased premises. Average Square Foot Net: Average of lease rates reported on a per square foot net basis broken down by type and geography.
Industrial: Buildings or space within a building designated for industrial uses. Commercial/Retail: Buildings or space within a building designated for commercial/retail uses. Excludes office space/buildings. Office: Buildings or space designated office uses.
Related Documents
