OVER 600, 000 SQUARE FEET LEASED IN MAY

 

TORONTO, June 17, 2009

- TREB Commercial Members reported 644,130 square feet of

space leased in May through the TorontoMLS® system, reported Commercial Council Chair

Garry Lander. "While still below 2008 levels, this figure represents an improvement over the first

four months of the year," said Mr. Lander.

Prices declined for Industrial and Commercial space in May. Industrial space (all size categories)

traded at $5.34 sfn, down 12 per cent from May of 2008 when the price was $6.08 sfn.

Commercial space traded for $11.27 sfn, a 22 per cent decline from the same month last year.

Sales Market Highlights

Of the 50 IC&I sales recorded through TorontoMLS® last month, 28 were industrial properties,

which averaged $69.20 per square foot. Non-MLS®.

Members of the Toronto Real Estate Board's Commercial Division adhere to a strict Code

of Ethics and Standards of Business Practice, only those who have met the standards

established by their peers are eligible to become Members.

Greater Toronto REALTORS® are passionate about their work. They adhere to a strict

Code of Ethics and share a state-of-the-art Multiple Listing Service. Serving over 28,000

Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada's largest

real estate board. Greater Toronto Area open house listings are now available on

www.TorontoRealEstateBoard.com.

TAKEN FROM TREB WEBSITE

Ernie Arrizza

Ernie Arrizza

Sales Representative
CENTURY 21 Kelleher Real Estate Inc., Brokerage*
Contact Me

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