TORONTO, ONTARIO--(Marketwire - Dec. 5, 2012) - To
Post# of 28538
Posted On: 12/05/2012 7:05:02 AM
TORONTO, ONTARIO--(Marketwire - Dec. 5, 2012) - Toronto Real Estate Board (TREB) Commercial Division Members reported 486,656 leased square feet of industrial, commercial/retail and office space through the TorontoMLS system in November 2012. This result was down by 27 per cent in comparison to November 2011.
Industrial properties accounted for 85 per cent of space leased, or 413,886 square feet - down by 21 per cent compared to last year. While the amount of industrial space leased was down year-over-year, the average lease rate for transactions undertaken on a per square foot net basis was up by four per cent to $5.14.
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Industrial properties accounted for 85 per cent of space leased, or 413,886 square feet - down by 21 per cent compared to last year. While the amount of industrial space leased was down year-over-year, the average lease rate for transactions undertaken on a per square foot net basis was up by four per cent to $5.14.
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