The Toronto Real Estate Board Commercial Members reported 936,769 square feet of leased space in May 2011, up 98 per cent from the 472,278 leased square feet reported in May 2010.
By category, TREB Commercial Members leased 814, 144 square feet of industrial space, up 131% percent from 352,009 square feet leased in May 2010. There was 42,436 square feet of commercial space leased during the month, a 32% per cent decline from the 62,767 square feet leased in May 2010. Finally, 80,189 square feet of office space was leased, up 39 per cent from the 57,502 square feet leased in May 2010.
Industrial space in all size categories leased for an average of $3.72 per square foot net (sfn), a 24 percent decline from the average of $4.87/sfn recorded in May 2010. Commercial space leased for an average of $22.35/sfn, up 37 per cent from the average of $16.29/sfn reported in May 2010. Office space leased for an average of $12.62/sfn, almost unchanged from the average of $12.63/sfn in May 2010.
No comments:
Post a Comment