GTA Industrial Market Report Q1 2018

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  • The availability rate in the first quarter dropped -31bps QoQ and -95bps YoY reaching 1.70%.
  • Rental rates in the GTA have grown by 9.76% YoY from $5.84 to $6.41 per square foot, with the largest YoY increase experienced in the GTA East.
  • The largest lease transaction of the quarter was a pre-lease deal on 2233 Sheppard Avenue West, totaling 544,000 square feet.
  • There were 110 investment transactions in Q1 grossing over $770 million, resulting in an average price per square foot of $136.38, representing a growth rate of 29% when compared to the same period one year ago.
  • The GTA had net new supply of 1,118,605 square feet of which nearly 900,000 of supply came to GTA West, with the rest attributable to GTA North.

Toronto Industrial

GTA Industrial Market Report Q1 2018

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For More Information, Please Contact:

Peter Garrigan

Managing Director, Industrial, Toronto Region

Toronto West

Peter is committed to accelerating the success of clients by leveraging market knowledge to forge new paths in the industrial Real Estate industry and create connections between landlords and investors and landlords and tenants.  Peter focuses on maximizing value and minimizing risk by developing unique solutions to achieve clients’ real estate goals.

Peter has maximized returns and minimized risk for many large landlords by effectively targeting and securing key tenants.  His strong personable character has enabled him to develop a network of business owners/tenants within the GTA.

Peter’s ability to create relationships with key tenants and landlords has produced many opportunities for his clients.

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Max Shapinko

Research Analyst

Toronto North

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