Commercial real estate market report, March 2019
Thursday Mar 7th, 2019
ShareThe office, industrial and retail commercial real estate markets in the GTA continue to perform well and remain well within “landlord” market status. The office market vacancy rate has decreased by 90 basis points (bps) year-over-year to end February of 2019 at 5.0%, with the average net asking rental rate up 5.6% over the same period, to $19.51/sq. ft. per annum. With exceptionally strong demand from both finance and tech tenants driving down vacancy and pushing net asking rents... [read more]
