GTA Commercial REALTORS® Report Monthly Commercial Figures from MLS Listings Toronto
TORONTO, May 4, 2011 — TREB Commercial Members reported 842,406 square feet of leased space in April2011, down 27 per cent from the 1,155,944 leased square feet reported in April 2010.
“As the Canadian economy continues to expand in 2011, demand for commercial real estate is expected to remainhealthy, albeit with some month-to-month volatility in transactions. Exports are generally expected to make alarger contribution to growth this year, which is important for firms located in the GTA,” noted Toronto Real EstateBoard Commercial Division Chair Larry Purchase.
By category, TREB Commercial Members leased 739,639 square feet of industrial space, down 26 per cent from995,569 square feet recorded in April 2010. In addition, 51,317 square feet of commercial space was leasedduring the month, a 39 per cent decline from the 84,555 square feet leased in April 2010.
Finally, 51,450 square feet of office space was leased, down 32 per cent from the 75,820 square feet leased in April 2010.
"one clause in our lease was so seriously detrimental that it meant that we could have lost our entire investment in leasehold improvements and we would have had to start over again in another location. "
Rob Li Toronto
Reducing Rent
"savings of approximately $5 million dollars"
Harlequin Enterprises
"reduced rental costs by $500,000"
Victorian Order of Nurses
"reduced our rent by $19.00 per foot"
Canadian International (C.I. Funds)
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BDP International Customs Brokers
Commercial Real Estate in Toronto. Commercial Tenant Strategies Inc.