For All Media/Public
Inquiries: (416) 443-8158
For All TREB Member
Inquiries: (416) 443-8152
October 2010
0
10
20
30
40
50...
2
$0
$25
$50
$75
$100
$125
$150
$175
OctSepAugJulJunMayAprMarFebJanDecNovOct
Sold Industrial Properties, 5,001 - 15,000 Sq...
3
October 2010
SOLD INDUSTRIAL PROPERTIES
$0
$25
$50
$75
$100
$125
$150
OctSepAugJulJunMayAprMarFebJanDecNovOct
Sold Indus...
4
Leased INDUSTRIAL Space
October 2010
$0
$5
$10
$15
$20
OctSepAugJulJunMayAprMarFebJanDecNovOct
Leased Industrial Space, ...
Area	 Leased	 Total Leased	 Av. Price
Toronto
C11	 1	47,115	$4.00
W05	 2	78,768	$4.58
W06	 1	16,579	$7.75
Total:	 4	142,46...
Area	 Sales	 Total Sold	 Av. Price
Toronto
E09	 1	 200	$310.00
Total:	 1	 200	$310.00
North
N02	 1	 436	$533.26
Total:	 1	...
7
Sold Commercial/RETAIL Properties
All information on this publication is
copyright © 2009.
Toronto Real Estate Board Com...
$0.0
$7.5
$15.0
$22.5
$30.0
OctSepAugJulJunMayAprMarFebJanDecNovOct
Leased Commercial/Retail Space, 0 - 5,000 Square Feet
...
9
Leased Office Space
October 2010
$12.06/sfn
$0
$5
$10
$15
$20
OctSepAugJulJunMayAprMarFebJanDecNovOct
Leased Office Spac...
Area	 Sales	 Total Sold	 Av. Price	 Total Acre	 Av. Price
Grand
Total:	 N/A	 N/A	 N/A	 N/A	 N/A
10
sold land
October 2010
...
11
HumberRiver
5thConcessionBrimleyRd.
HaltonHills/MiltonTownline
Durham-VictoriaLine
Brock/Scugog Townline
Durham/Northum...
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Toronto real estate market watch commercial october 2010

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Toronto real estate market watch commercial october 2010

  1. 1. For All Media/Public Inquiries: (416) 443-8158 For All TREB Member Inquiries: (416) 443-8152 October 2010 0 10 20 30 40 50 60 70 80 OctSepAugJulJunMayAprMarFebJanDecNovOct Total Number of Commercial Sales 2009 2010 36 units sold 0.0 0.2 0.4 0.6 0.8 1.0 1.2 OctSepAugJulJunMayAprMarFebJanDecNovOct Total Square Footage of all Leased Space 2009 2010 648,934 sq. ft. Executive Council, Commercial Division Larry B. Purchase Chairman Garry Lander Past Chairman Bob Airey Armando Bernardo John Borrelli John Crombie Peter De Guerre Cynthia Lai, FRI Tony Ma Joe Panchyshyn Donald Patterson Joanne Rosen George Sachs Neel Surendran, CCIM Mario Vitelli Lease Transactions Up Four Per Cent Over 2009 November 3, 2010 — In October, TREB Commercial Members reported 648,934 square feet of leased space, up four per cent from the 625,841 leased square feet recorded in October of 2009. “Businesses have become more upbeat regarding future sales growth and their intentions to make capital investments. This improvement in sentiment has translated into heightened demand for space from which to operate,” Commercial Council Chair Larry Purchase. TREB Commercial Members leased 511,839 square feet of industrial space, up 24 per cent over last October’s total of 412,360 square feet. In addition, 43,649 square feet of commercial space leased during the month, which constituted a 63 per cent decline from October 2009’s 118,914 square foot figure. Finally, commercial members leased 93,446 square feet of office space, down one per cent from the 94,567 square feet recorded during the same month last year. Industrial space in all size categories leased for an average of $5.14 per square foot net (sfn), down 11 per cent from the average of $5.78/sfn reported in October of 2009. Commercial space traded for an average of $18.19/sfn, a 23 per cent increase from the average of $14.74/sfn recorded during the same period last year. Office space traded for an average of $11.20/sfn, rising 23 per cent from the average of $9.11/sfn for October 2009. Sales Market Highlights TREB Commercial Members recorded 36 sales of IC&I properties last month. Of these transactions, 17 were industrial buildings of all size categories, which sold for an average price of $125.29 per square foot – up 141 per cent from the average of $51.90 last year. The average sales price for industrial properties sold through the MLS® was also higher than the average of $96.54 per square foot derived from non-MLS® sources. The 19 Commercial/Retail transactions recorded in October sold for an average price of $235.32 per square foot. This figure is up 84 per cent from the average of $127.68 per square foot recorded in October of 2009. u
  2. 2. 2 $0 $25 $50 $75 $100 $125 $150 $175 OctSepAugJulJunMayAprMarFebJanDecNovOct Sold Industrial Properties, 5,001 - 15,000 Square Fee Dollarspersq.ft. 2009 2010 $146.04/Square Foot SOLD INDUSTRIAL PROPERTIES October 2010 $144.26/Square Foot $0 $25 $50 $75 $100 $125 $150 $175 OctSepAugJulJunMayAprMarFebJanDecNovOct Sold Industrial Properties, 0 - 5,000 Square Feet Dollarspersq.ft. 20102009 Area Sales Total Sold Av. Price Toronto E07 1 2,000 $174.00 W01 1 4,000 $115.00 W05 1 1,852 $180.35 Total: 3 7,852 $145.44 East E14 1 2,768 $92.85 Total: 1 2,768 $92.85 West W20 1 4,286 $145.01 W21 1 2,100 $152.38 W24 1 1,750 $128.57 W28 1 1,250 $152.00 Total: 4 9,386 $144.52 North N08 3 6,184 $155.72 N10 2 3,450 $161.59 Total: 5 9,634 $157.83 Grand Total: 13 29,640 $144.26 0 - 5,000 SQ. FT. Area Sales Total Sold Av. Price Toronto E08 1 10,000 $112.00 W07 1 5,463 $156.51 Total: 2 15,463 $127.72 North N11 1 8,674 $178.69 Total: 1 8,674 $178.69 Grand Total: 3 24,137 $146.04 5,001 - 15,000 SQ. FT.
  3. 3. 3 October 2010 SOLD INDUSTRIAL PROPERTIES $0 $25 $50 $75 $100 $125 $150 OctSepAugJulJunMayAprMarFebJanDecNovOct Sold Industrial Properties, 50,001 Square Feet & Over Dollarspersq.ft. 2009 2010 N/A N/A $0 $25 $50 $75 $100 $125 $150 OctSepAugJulJunMayAprMarFebJanDecNovOct Sold Industrial Properties, 15,001 - 50,000 Square Feet Dollarspersq.ft. 2009 2010 $78.77/Square Foot N/A Area Sales Total Sold Av. Price West W17 1 22,850 $78.77 Total: 1 22,850 $78.77 Grand Total: 1 22,850 $78.77 15,001 - 50,000 SQ. FT. Area Sales Total Sold Av. Price Grand Total: N/A N/A N/A 50,001 SQ. FT. AND OVER All information on this publication is copyright © 2009. Toronto Real Estate Board Commercial Division. All rights reserved. Commercial Division Toronto Real Estate Board www.trebcommercial.com
  4. 4. 4 Leased INDUSTRIAL Space October 2010 $0 $5 $10 $15 $20 OctSepAugJulJunMayAprMarFebJanDecNovOct Leased Industrial Space, 0 - 5,000 Square Feet Dollarspersq.ft.net 2009 2010 $6.17/sfn $0 $5 $10 $15 $20 OctSepAugJulJunMayAprMarFebJanDecNovOct Leased Industrial Space, 5,001 - 15,000 Square Feet Dollarspersq.ft.net 2009 2010 $6.09/sfn Area Leased Total Leased Av. Price Toronto E04 1 1,890 $4.75 E08 1 2,020 $4.75 E09 1 1,200 $7.95 W04 1 4,330 $5.25 W05 4 7,868 $5.08 W06 1 3,600 $6.00 Total: 9 20,908 $5.38 East E11 2 5,078 $5.85 Total: 2 5,078 $5.85 West W13 5 13,266 $3.81 W16 1 1,318 $6.95 W17 6 14,467 $5.18 W23 1 1,350 $4.25 W24 2 7,850 $4.73 W27 1 3,500 $10.80 W29 1 3,860 $15.54 Total: 17 45,611 $6.03 North N01 1 1,450 $8.00 N03 1 1,605 $9.25 N08 8 18,292 $6.41 N10 4 9,593 $7.43 Total: 14 30,940 $6.95 Grand Total: 42 102,537 $6.17 0 - 5,000 SQ. FT. Area Leased Total Leased Av. Price Toronto E01 1 7,625 $12.12 E09 1 6,000 $8.00 W05 1 9,850 $4.25 Total: 3 23,475 $7.76 West W21 3 25,411 $6.24 W25 1 9,700 $4.50 Total: 4 35,111 $5.76 North N08 3 30,559 $5.19 Total: 3 30,559 $5.19 Grand Total: 10 89,145 $6.09 5,001 - 15,000 SQ. FT.
  5. 5. Area Leased Total Leased Av. Price Toronto C11 1 47,115 $4.00 W05 2 78,768 $4.58 W06 1 16,579 $7.75 Total: 4 142,462 $4.76 East E13 1 26,289 $4.50 Total: 1 26,289 $4.50 West W17 1 38,158 $4.25 Total: 1 38,158 $4.25 North N08 1 47,104 $4.25 Total: 1 47,104 $4.25 Grand Total: 7 254,013 $4.56 5 Leased INDUSTRIAL Space October 2010 $0 $5 $10 $15 $20 OctSepAugJulJunMayAprMarFebJanDecNovOct Leased Industrial Space, 50,001 Square Feet & Over Dollarspersq.ft.net 2009 2010 $4.50/sfn N/AN/AN/A N/A $0 $5 $10 $15 $20 OctSepAugJulJunMayAprMarFebJanDecNovOct Leased Industrial Space, 15,001 - 50,000 Square Feet Dollarspersq.ft.net 2009 2010 $4.56/sfn 15,001 - 50,000 SQ. FT. Area Leased Total Leased Av. Price West W24 1 66,144 $4.50 Total: 1 66,144 $4.50 Grand Total: 1 66,144 $4.50 50,001 SQ. FT. AND OVER All information on this publication is copyright © 2009. Toronto Real Estate Board Commercial Division. All rights reserved. Commercial Division Toronto Real Estate Board www.trebcommercial.com
  6. 6. Area Sales Total Sold Av. Price Toronto E09 1 200 $310.00 Total: 1 200 $310.00 North N02 1 436 $533.26 Total: 1 436 $533.26 Grand Total: 2 636 $463.05 6 Sold Commercial/RETAIL Properties October 2010 $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 $1000 OctSepAugJulJunMayAprMarFebJanDecNovOct Sold Commercial/Retail Properties, 0 - 1,000 Square Feet Dollarspersq.ft. 2009 2010 $463.05/Square Foot $0 $40 $80 $120 $160 $200 $240 $280 $320 $360 $400 OctSepAugJunJunMayAprMarFebJanDecNovOct Sold Commercial/Retail Properties, 1,001 - 2,500 Square Feet Dollarspersq.ft. 2009 2010 $259.51/Square Foot 0 - 1,000 SQ. FT. Area Sales Total Sold Av. Price Toronto C04 1 2,200 $511.36 E03 1 2,400 $231.25 E07 1 1,173 $405.80 W10 1 1,320 $134.85 Total: 4 7,093 $329.06 East E15 1 1,800 $144.39 E17 1 2,400 $141.67 Total: 2 4,200 $142.83 West W15 1 1,800 $322.22 W16 1 1,088 $249.08 W17 1 1,300 $169.23 W29 1 1,890 $214.29 Total: 4 6,078 $242.84 North N03 1 1,766 $356.74 N08 1 1,205 $158.30 N11 1 1,625 $289.23 Total: 3 4,596 $280.84 Grand Total: 13 21,967 $259.51 1,001 - 2,500 SQ. FT.
  7. 7. 7 Sold Commercial/RETAIL Properties All information on this publication is copyright © 2009. Toronto Real Estate Board Commercial Division. All rights reserved. Commercial Division Toronto Real Estate Board www.trebcommercial.com October 2010 $0 $40 $80 $120 $160 $200 $240 $280 $320 $360 $400 OctSepAugJulJunMayAprMarFebJanDecNovOct Sold Commercial/Retail Properties, 2,501 - 5,000 Square Feet Dollarspersq.ft. 2009 2010 $134.21/Square Foot $0 $30 $60 $90 $120 $150 $180 $210 $240 $270 $300 OctSepAugJulJunMayAprMarFebJanDecNovOct Sold Commercial/Retail Properties, 5,001 Square Feet and Over Dollarspersq.ft. 2009 2010 $230.05/Square Foot N/A Area Sales Total Sold Av. Price North C02 1 2,600 $161.54 Total: 1 2,600 $161.54 North N08 1 2,750 $108.36 Total: 1 2,750 $108.36 Grand Total: 2 5,350 $134.21 Area Sales Total Sold Av. Price Toronto C08 1 10,000 $379.50 W03 1 15,625 $134.40 Total: 2 25,625 $230.05 Grand Total: 2 25,625 $230.05 5,001 SQ. FT. AND OVER2,501 - 5,000 SQ. FT.
  8. 8. $0.0 $7.5 $15.0 $22.5 $30.0 OctSepAugJulJunMayAprMarFebJanDecNovOct Leased Commercial/Retail Space, 0 - 5,000 Square Feet Dollarspersq.ft. 2009 2010 $19.51/sfn 8 October 2010 Leased COMMERCIAL/RETAIL Space $0 $5 $10 $15 $20 $25 $30 OctSepAugJulJunMayAprMarFebJanDecNovOct Leased Commercial/Retail Space, 5,001 - 15,000 Square Feet Dollarspersq.ft. 2009 2010 $15.00/sfn N/A N/A N/A N/AN/A Area Leased Total Leased Av. Price Toronto C01 2 5,414 $23.36 C02 1 814 $41.28 C04 1 1,100 $23.00 C08 1 1,500 $19.20 C12 1 1,000 $33.60 E02 1 800 $24.00 E05 1 428 $27.00 W04 2 2,150 $18.42 Total: 10 13,206 $24.09 East E14 1 700 $12.00 Total: 1 700 $12.00 West W14 1 1,650 $13.00 W21 1 1,196 $25.00 W27 1 1,080 $15.56 W28 1 1,752 $20.55 Total: 4 5,678 $18.34 North N06 1 1,150 $14.00 N07 1 1,889 $22.00 N08 1 2,100 $12.50 N10 1 4,819 $9.28 N11 2 1,331 $32.41 Total: 6 11,289 $15.22 Grand Total: 21 30,873 $19.51 0 - 5,000 SQ. FT. Area Leased Total Leased Av. Price West E07 1 12,776 $15.00 Total: 1 12,776 $15.00 Grand Total: 1 12,776 $15.00 5,001 - 15,000 SQ. FT. 15,001 - 50,00 SQ. FT. Area Leased Total Leased Av. Price Grand Total: N/A N/A N/A 50,001 SQ. FT. AND OVER Area Leased Total Leased Av. Price Grand Total: N/A N/A N/A
  9. 9. 9 Leased Office Space October 2010 $12.06/sfn $0 $5 $10 $15 $20 OctSepAugJulJunMayAprMarFebJanDecNovOct Leased Office Space, 0 - 5,000 Square Fee Dollarspersq.ft.net 2009 2010 $0 $5 $10 $15 $20 OctSepAugJulJunMayAprMarFebJanDecNovOct Leased Office Space, 5,001 - 15,000 Square Feet Dollarspersq.ft.net 2009 2010 $12.15/sfn Area Leased Total Leased Av. Price East E15 1 10,200 $15.87 Total: 1 10,200 $15.87 North N03 2 12,060 $9.00 Total: 2 12,060 $9.00 Grand Total: 3 22,260 $12.15 Area Leased Total Leased Av. Price Toronto C01 2 4,532 $11.52 C02 1 1,000 $13.33 C06 1 120 $32.50 C07 1 1,600 $14.00 C10 1 750 $10.00 C14 1 4,922 $15.00 E09 1 780 $18.46 W02 1 5,000 $8.00 W05 1 485 $7.00 Total: 10 19,189 $12.04 East E14 1 1,655 $12.00 Total: 1 1,655 $12.00 West W14 1 469 $8.00 W15 1 819 $16.50 W17 2 1,401 $11.02 W21 1 890 $16.18 W24 1 750 $11.20 Total: 6 4,329 $12.82 North N01 1 1,350 $14.00 N08 2 3,020 $10.02 N10 1 968 $8.25 N11 3 3,474 $13.31 N12 1 494 $12.15 Total: 8 9,306 $11.76 Grand Total: 25 34,479 $12.06 5,001 - 15,000 SQ. FT. Area Leased Total Leased Av. Price Grand Total: N/A N/A N/A 0 - 5,000 SQ. FT. 50,001 SQ. FT. AND OVER 15,001 - 50,000 SQ. FT. Area Leased Total Leased Av. Price Toronto W06 1 16,579 $7.75 Total: 1 16,579 $7.75 North N03 1 20,128 $11.50 Total: 1 20,128 $11.50 Grand Total: 2 36,707 $9.81
  10. 10. Area Sales Total Sold Av. Price Total Acre Av. Price Grand Total: N/A N/A N/A N/A N/A 10 sold land October 2010 Area Sales Total Sold Av. Price Total Acre Av. Price West W21 1 16,000 $63.13 0.37 $2,729,729.73 Total: 1 16,000 $63.13 0.37 $2,729,729.73 North N14 1 21,164 $37.09 0.49 $1,602,040.82 N22 1 118,048 $8.17 2.71 $355,902.21 Total: 2 139,212 $12.57 3.20 $546,717.19 Grand Total: 3 155,212 $17.78 3.57 $772,967.79 130,001 SQ. FT. AND OVER0 - 130,000 SQ. FT.
  11. 11. 11 HumberRiver 5thConcessionBrimleyRd. HaltonHills/MiltonTownline Durham-VictoriaLine Brock/Scugog Townline Durham/NorthumberlandLine 401 Hwy. 35/115 Taunton Rd. Townline Rd. Taunton Rd.4th Concession Lawrence Midland KennedyRd. St. Clair DonValleyParkw a y Dufferin VictoriaPark Yonge Eglinton Leslie 401 Bayview Danforth Ave. AllenRd. St. Clair Bloor 409 Eglinton Bloor Q.E.W. Steeles Newmarket Hwy. 407 Major Mackenzie Dr. Gamble Rd. Bloomington Rd. Newmarket YongeSt. Hwy.404 Steeles Hwy. 407 Whitchurch/Stouffville Davis Drive York-DurhamLine Durham23 Hwy. 9 Orangeville PeelTownline WinstonChurchill (17th Sideroad) Mayfield Rd. HeartLakeRd. Wellington Townline Hwy.50 York-PeelTownline Brampton Mississauga Hwy.427EtobicokeCreek Hwy.6 WellingtonTownline BellSchoolLine NinthLine Dundas BurlOakRd. Cre d itRiver Bloor St. Clair Bayview Eglinton 401 DonR iv er C1 C2 C3 C8 C9 C10 C11 W1 W2 W3 W4 W5 C4 C6 C7 C14 C15 C13 C12 W6 W7 W8 W9 W10 Cawthra 2nd Line Burlington Milton/Oakville Line Winston Churchill Hamilton/Wentworth Townline Burlington Oakville Milton North Halton Hills Milton W25 W26 W27 W22 W21 W13 W12 W16 W15 W14 W19 W17 W20 Derry Rd. Brampton Caledon W23 W24 W28 19th Avenue Aurora N02 N01 N03 N04 N05 N06 N07 Markham MarkhamUnionville N10 N11 N12 N13 Regional30 East Gwillimbury N15 Uxbridge N16 Lake Simcoe Georgina N17 Rou ge Riv er PickeringTownline Durham23 401 6th Concession Townline Durham23 E12 AjaxPickering Pickering Whitby Oshawa E13 E18 E14 E15 E19 E16 Scugog Brock E21 N24 Lake Scugog Scugog Island NewcastleBowmanville E17 E20 Morningside Coxwell Lake Ontario Lake Ontario E1 E6 E3 E2 E4 E5 E7 E11 E10 E8 E9 Toronto Real Estate Board Toronto N W18 Regional38 East Gwillimbury Regional 32 401 Pickering-Ajax MarkhamRd. Credit Ri ver Mavis Hwy. 9 Hwy.27 Dufferin/SimcoeLine Regional15 Sunnidale Townline Vespra Hwy. 9 Steeles Bathurst King/Vaughan NewTecumseth-AdjalaLine NewTecumseth/Bradford-WestGwillimburyTownline Vaughan King N08 N14 New Tecumseth Bradford West GwillimburyN19 N18 Hwy. 89 Bradford-West Gwillimbury/Innisfil Hwy. 89 Regional2 Regional2 Hwy. 9 Townline Adjala N20 Tosorontio N21 Essa N22 Innisfil N23 Hwy. 90 410 Township Line W29 Average Square Foot Net: The trimmed average of all Net Leases in a particular MLS® district or Area expressed on a per square foot basis. (ie: total $ volume for a district or area ÷ total square footage for the district or area) Commercial/Retail: Commercial or Retail space for user, excluding Offices and Office Buildings. Industrial: Industrial buildings or space for user. Net Lease: A Leasing agreement whereby the tenant pays the rent and certain expenses connected with the leased premises. All information contained in the Commercial Insight concerns Net agreements. Office: Office space for lease (the Commercial Realty Watch contains no sold information for office buildings). Total Leased/Total Sold/Sold (space): The amount, expressed in square feet, of space actually leased in a particular MLS® district or Area. Note: When making use of the figures contained in this report, please be advised that the sold and leased properties reported on are only those listed through the TREB MLS® system. There are transactions that take place outside the purview of this system and therefore cannot not be captured in this report. Toronto Real Estate Board Service Areas October 2010 Glossary of Terms

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