Establishing True Valuations Across Different Markets and Building Types Across the GTA

Continuing off from our last article – which you can view here – we will finish off Toronto Central with an analysis of the leasing side.

Toronto Central (Toronto, North York, York, East York) Markets

Properties Leased in 2018, Size Range 20,000 – 50,000 SF

On the leasing side, a total of 13 properties between 20,000 – 50,000 SF were leased in 2018. The net rental rates achieved were from $3.95 – $8.15 PSF, with an average building size of 35,315 SF and an average net rental rate of $5.10 PSF.

585 Canarctic Drive, Toronto

 

Toronto Central (Toronto, North York, York, East York) Markets

Properties Leased in 2018, Size Range 50,000 – 100,000 SF

A total of 5 properties between 50,000 – 100,000 SF were leased in 2018. The net rental rates achieved ranged from $5.50 – $5.95 PSF, with an average size of a building being 60,277 SF and an average net rental rate of $5.58 PSF.

188 Cartwright Avenue, Toronto

 

Toronto Central (Toronto, North York, York, East York) Markets

Properties Leased in 2018, Size Range 100,000 SF plus

Lastly, a total of 4 properties larger than 100,000 SF were leased in 2018. The net rental rates achieved ranged from $6.85 – $7.25 PSF, with an average building size 280,044 SF and an average net rental rate of $7.08 PSF.

2233 Sheppard Avenue West, Toronto

Overall, the leasing market was strong in a tight market. Rental rates were up 16% from last year, and continue to grow further.

To be continued next week with an analysis of the Toronto Central (Etobicoke, Scarborough) Markets…..

 

CONCLUSION:

So, how much is your property really worth? 

What rental rate can you expect or how much PSF would you be able to get if you sell your building? How much can we compress CAP rates to create even greater value?

For a confidential consultation or a complimentary Opinion of Value for your property, please give us a call.

Goran Brelih and his team have been servicing Investors and Occupiers of Industrial properties in Toronto Central and Toronto North markets for the past 25 years.

For more information on GTA Industrial Real Estate Market or to discuss how they can assist you with your real estate needs please contact Goran at 416-756-5456, email at goran.brelih@cushwake.com, or visit www.goranbrelih.com.

 

 

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