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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. PurchaseChairman
Garry LanderPast Chairman
Bob AireyArmando Bernardo John BorrelliJohn CrombiePeter De GuerreCynthia Lai, FRI Tony MaJoe PanchyshynDonald Patterson Joanne RosenGeorge SachsNeel Surendran, CCIMMario 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 HighlightsTREB 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
$0
$25
$50
$75
$100
$125
$150
$175
OctSepAugJulJunMayAprMarFebJanDecNovOct
Sold Industrial Properties, 5,001 - 15,000 Square Fee
Dol
lars
per
sq.
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
Dol
lars
per
sq.
ft.
20102009
Area Sales Total Sold Av. Price TorontoE07 1 2,000 $174.00W01 1 4,000 $115.00W05 1 1,852 $180.35Total: 3 7,852 $145.44
EastE14 1 2,768 $92.85Total: 1 2,768 $92.85
WestW20 1 4,286 $145.01W21 1 2,100 $152.38W24 1 1,750 $128.57W28 1 1,250 $152.00Total: 4 9,386 $144.52
NorthN08 3 6,184 $155.72N10 2 3,450 $161.59Total: 5 9,634 $157.83
Grand Total: 13 29,640 $144.26
0 - 5,000 SQ. FT.
Area Sales Total Sold Av. Price TorontoE08 1 10,000 $112.00W07 1 5,463 $156.51Total: 2 15,463 $127.72
NorthN11 1 8,674 $178.69Total: 1 8,674 $178.69
Grand Total: 3 24,137 $146.04
5,001 - 15,000 SQ. FT.
3
October 2010
SOLD INDUSTRIAL PROPERTIES
$0
$25
$50
$75
$100
$125
$150
OctSepAugJulJunMayAprMarFebJanDecNovOct
Sold Industrial Properties, 50,001 Square Feet & Over
Dol
lars
per
sq.
ft.
2009 2010
N/A
N/A
$0
$25
$50
$75
$100
$125
$150
OctSepAugJulJunMayAprMarFebJanDecNovOct
Sold Industrial Properties, 15,001 - 50,000 Square Feet
Dol
lars
per
sq.
ft.
2009 2010
$78.77/Square Foot
N/A
Area Sales Total Sold Av. Price
WestW17 1 22,850 $78.77Total: 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 DivisionToron to Rea l Es ta te Boardwww. t rebcommerc ia l . com
4
LEASED INDUSTRIAL SPAcE
October 2010
$0
$5
$10
$15
$20
OctSepAugJulJunMayAprMarFebJanDecNovOct
Leased Industrial Space, 0 - 5,000 Square Feet
Dol
lars
per
sq.
ft. n
et
2009 2010
$6.17/sfn
$0
$5
$10
$15
$20
OctSepAugJulJunMayAprMarFebJanDecNovOct
Leased Industrial Space, 5,001 - 15,000 Square Feet
Dol
lars
per
sq.
ft. n
et
2009 2010
$6.09/sfn
Area Leased Total Leased Av. Price
TorontoE04 1 1,890 $4.75E08 1 2,020 $4.75E09 1 1,200 $7.95W04 1 4,330 $5.25W05 4 7,868 $5.08W06 1 3,600 $6.00Total: 9 20,908 $5.38
EastE11 2 5,078 $5.85Total: 2 5,078 $5.85
WestW13 5 13,266 $3.81W16 1 1,318 $6.95W17 6 14,467 $5.18W23 1 1,350 $4.25W24 2 7,850 $4.73W27 1 3,500 $10.80W29 1 3,860 $15.54Total: 17 45,611 $6.03
NorthN01 1 1,450 $8.00N03 1 1,605 $9.25N08 8 18,292 $6.41N10 4 9,593 $7.43Total: 14 30,940 $6.95
Grand Total: 42 102,537 $6.17
0 - 5,000 SQ. FT.
Area Leased Total Leased Av. Price
TorontoE01 1 7,625 $12.12E09 1 6,000 $8.00W05 1 9,850 $4.25Total: 3 23,475 $7.76
WestW21 3 25,411 $6.24W25 1 9,700 $4.50Total: 4 35,111 $5.76
NorthN08 3 30,559 $5.19Total: 3 30,559 $5.19
Grand Total: 10 89,145 $6.09
5,001 - 15,000 SQ. FT.
Area Leased Total Leased Av. Price
TorontoC11 1 47,115 $4.00W05 2 78,768 $4.58W06 1 16,579 $7.75Total: 4 142,462 $4.76
EastE13 1 26,289 $4.50Total: 1 26,289 $4.50
WestW17 1 38,158 $4.25Total: 1 38,158 $4.25
NorthN08 1 47,104 $4.25Total: 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
Dol
lars
per
sq.
ft. n
et
2009 2010
$4.50/sfn
N/AN/A N/A N/A$0
$5
$10
$15
$20
OctSepAugJulJunMayAprMarFebJanDecNovOct
Leased Industrial Space, 15,001 - 50,000 Square Feet
Dol
lars
per
sq.
ft. n
et
2009 2010
$4.56/sfn
15,001 - 50,000 SQ. FT.
Area Leased Total Leased Av. Price
WestW24 1 66,144 $4.50Total: 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 DivisionToron to Rea l Es ta te Boardwww. t rebcommerc ia l . com
Area Sales Total Sold Av. Price
TorontoE09 1 200 $310.00Total: 1 200 $310.00
NorthN02 1 436 $533.26Total: 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
Dol
lars
per
sq.
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
Dol
lars
per
sq.
ft.
2009 2010
$259.51/Square Foot
0 - 1,000 SQ. FT.
Area Sales Total Sold Av. Price
TorontoC04 1 2,200 $511.36E03 1 2,400 $231.25E07 1 1,173 $405.80W10 1 1,320 $134.85Total: 4 7,093 $329.06
EastE15 1 1,800 $144.39E17 1 2,400 $141.67Total: 2 4,200 $142.83
WestW15 1 1,800 $322.22W16 1 1,088 $249.08W17 1 1,300 $169.23W29 1 1,890 $214.29Total: 4 6,078 $242.84
NorthN03 1 1,766 $356.74N08 1 1,205 $158.30N11 1 1,625 $289.23Total: 3 4,596 $280.84
Grand Total: 13 21,967 $259.51
1,001 - 2,500 SQ. FT.
7
SOLD cOmmERcIAL/RETAIL PROPERTIES
All information on this publication is copyright © 2009. Toronto Real Estate Board Commercial Division. All rights reserved.
Commercial DivisionToron to Rea l Es ta te Boardwww. t rebcommerc ia l . 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
Dol
lars
per
sq.
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
Dol
lars
per
sq.
ft.
2009 2010
$230.05/Square Foot
N/A
Area Sales Total Sold Av. Price
NorthC02 1 2,600 $161.54Total: 1 2,600 $161.54
NorthN08 1 2,750 $108.36Total: 1 2,750 $108.36
Grand Total: 2 5,350 $134.21
Area Sales Total Sold Av. Price TorontoC08 1 10,000 $379.50W03 1 15,625 $134.40Total: 2 25,625 $230.05
Grand Total: 2 25,625 $230.05
5,001 SQ. FT. AND OVER2,501 - 5,000 SQ. FT.
$0.0
$7.5
$15.0
$22.5
$30.0
OctSepAugJulJunMayAprMarFebJanDecNovOct
Leased Commercial/Retail Space, 0 - 5,000 Square Feet
Dol
lars
per
sq.
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
Dol
lars
per
sq.
ft.
2009 2010
$15.00/sfn
N/A N/A N/A N/AN/A
Area Leased Total Leased Av. Price
TorontoC01 2 5,414 $23.36C02 1 814 $41.28C04 1 1,100 $23.00C08 1 1,500 $19.20C12 1 1,000 $33.60E02 1 800 $24.00E05 1 428 $27.00W04 2 2,150 $18.42Total: 10 13,206 $24.09
EastE14 1 700 $12.00Total: 1 700 $12.00
WestW14 1 1,650 $13.00W21 1 1,196 $25.00W27 1 1,080 $15.56W28 1 1,752 $20.55Total: 4 5,678 $18.34
NorthN06 1 1,150 $14.00N07 1 1,889 $22.00N08 1 2,100 $12.50N10 1 4,819 $9.28N11 2 1,331 $32.41Total: 6 11,289 $15.22
Grand Total: 21 30,873 $19.51
0 - 5,000 SQ. FT.
Area Leased Total Leased Av. Price
WestE07 1 12,776 $15.00Total: 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
LEASED OFFIcE SPAcE
October 2010
$12.06/sfn
$0
$5
$10
$15
$20
OctSepAugJulJunMayAprMarFebJanDecNovOct
Leased Office Space, 0 - 5,000 Square Fee
Dol
lars
per
sq.
ft. n
et
2009 2010
$0
$5
$10
$15
$20
OctSepAugJulJunMayAprMarFebJanDecNovOct
Leased Office Space, 5,001 - 15,000 Square Feet
Dol
lars
per
sq.
ft. n
et2009 2010
$12.15/sfn
Area Leased Total Leased Av. Price EastE15 1 10,200 $15.87Total: 1 10,200 $15.87
NorthN03 2 12,060 $9.00Total: 2 12,060 $9.00
Grand Total: 3 22,260 $12.15
Area Leased Total Leased Av. Price
TorontoC01 2 4,532 $11.52C02 1 1,000 $13.33C06 1 120 $32.50C07 1 1,600 $14.00C10 1 750 $10.00C14 1 4,922 $15.00E09 1 780 $18.46W02 1 5,000 $8.00W05 1 485 $7.00Total: 10 19,189 $12.04
EastE14 1 1,655 $12.00Total: 1 1,655 $12.00
WestW14 1 469 $8.00W15 1 819 $16.50W17 2 1,401 $11.02W21 1 890 $16.18W24 1 750 $11.20Total: 6 4,329 $12.82
NorthN01 1 1,350 $14.00N08 2 3,020 $10.02N10 1 968 $8.25N11 3 3,474 $13.31N12 1 494 $12.15Total: 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 TorontoW06 1 16,579 $7.75Total: 1 16,579 $7.75
NorthN03 1 20,128 $11.50Total: 1 20,128 $11.50
Grand Total: 2 36,707 $9.81
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
WestW21 1 16,000 $63.13 0.37 $2,729,729.73Total: 1 16,000 $63.13 0.37 $2,729,729.73
NorthN14 1 21,164 $37.09 0.49 $1,602,040.82N22 1 118,048 $8.17 2.71 $355,902.21Total: 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
Humber River
5th Concession
Brimley R
d.
Halton Hills/Milton Townline
Durham
-Victoria Line
Brock/Scugog Townline
Durham
/Northum
berland Line
401 Hwy.
35/11
5
Taunton Rd.
Townline Rd.
Taunton Rd. 4th Concession
Lawrence
Midland
Kennedy Rd.
St. Clair
Don V
alle
y P
arkw
a y
Dufferin
Victoria Park
Yonge
Eglinton
Leslie
401
Bayview
Danforth Ave.
Allen Rd.
St. Clair
Bloor
409
Eglinton
Bloor
Q.E.W.
Steeles
Newmarket
Hwy. 407
Major Mackenzie Dr.
Gamble Rd.
Bloomington Rd.
Newmarket
Yonge St.
Hw
y. 404
Steeles
Hwy. 407
Whitchurch/Stouffville
Davis Drive
York-Durham
Line
Durham
23
Hwy. 9
Orangeville
Peel Townline
Winston Churchill
(17th Sideroad)
Mayfield Rd.
Heart Lake Rd.
Wellington Townline
Hw
y. 50 York-Peel Tow
nline
Brampton
Mississauga
Hw
y. 427 Et obicoke C
reek
Hwy. 6
Wellington Townline
Bell School Line
Ninth Line Dundas
BurlOak Rd.
Credit River
Bloor
St. Clair
Bay
view
Eglinton
401
Don River
C1
C2
C3
C8
C9
C10
C11
W1
W2
W3
W4
W5
C4
C6
C7 C14C15
C13C12
W6
W7
W8
W9
W10
Cawthra
2ndLine
BurlingtonMilton/Oakville Line
Winston
Churchill
Hamilton/W
entworth
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
W2819th Avenue
Aurora
N02 N01
N03
N04
N05
N06
N07
Markham
MarkhamUnionville
N10
N11
N12
N13
Regional 30
East Gwillimbury
N15
Uxbridge
N16
Lake Simcoe
Georgina
N17
Ro u g e River
Pickering Townline
Durham
23
401
6th Concession
Townline
Durham
23
E12
AjaxPickering
Pickering
Whitby
Oshawa
E13
E18
E14 E15
E19
E16
Scugog
Brock
E21
N24
Lake Scugog
ScugogIsland
NewcastleBowmanvilleE17 E20
Morningside
Coxw
ell
Lake Ontario
Lake Ontario
E1
E6E3
E2
E4
E5 E7 E11
E10
E8
E9
Toronto Real Estate Board
Toronto
NW18
Regional 38
East Gwillimbury
Regional 32
401
Pickering-Ajax
Markham
Rd.
Credit River
Mavis
Hwy. 9
Hw
y. 27
Dufferin/Sim
coe Line
Regional 15
Sunnidale Townline Vespra
Hwy. 9
Steeles
Bathurst
King/Vaughan
New
Tecumseth-Adjala Line
New
Tecumseth/Bradford-W
est Gw
illimbury Tow
nline
Vaughan
King
N08
N14
New Tecumseth BradfordWest GwillimburyN19
N18
Hwy. 89
Bradford-West Gwillimbury/Innisfil
Hwy. 89
Regional 2
Regional 2
Hwy. 9
Townline
Adjala
N20
Tosorontio
N21Essa
N22Innisfil
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