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GTA Industrial Market Report Q2 2018

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Par Peter Garrigan
  • The availability rate remained the same in the second quarter at 1.70% when compared to the first quarter.
  • Rental rates in the GTA have grown by 5.38% YoY from $6.32 to $6.66 per square foot, with GTA East growing the most at 10.70% YoY from an average asking rent of $5.61 to $6.21 per square foot.
  • The GTA had net new supply of 738,488 square feet in the second quarter and it is split fairly evenly between the GTA West and GTA North.
  • The largest leasing transaction in the second quarter was on 400 Nugget Avenue, for Technicolour Home Entertainment, totaling 635,124 square feet.
  • Over $880 million was transacted in the second quarter of 2018, resulting in an average price per square foot of $163.79, representing a growth rate of 20.65% when compared to the same period one year ago.

GTA Industrial Market Report Q2 2018

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Pour plus d’informations, veuillez contacter:
Peter Garrigan | Colliers | Toronto West

Peter Garrigan

Managing Director, Industrial Practice Group, Toronto Region

Toronto West

+1 416 620 2854
+1 416 716 6965
Courriel

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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