Leased Space Up Three Per Cent In August

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1 For All Media/Public Inquiries: (416) For All TREB Member Inquiries: (416) Executive Council, Commercial Division Garry Lander Chairman Larry B. Purchase Vice Chairman Joe De Leo Past Chairman Leased Space Up Three Per Cent In August Wednesday, September 10, 2008 In August, TREB Members reported 830,317 square feet of leased IC&I space across the GTA, up three per cent over the 806,743 figure recorded during the same month of 2007, Commercial Council Chair Garry Lander announced today. In addition to solid activity in August, the summer of 2008 has seen 2,920,156 square feet of space traded through the MLS system, Mr. Lander noted. That s off just five per cent from the 3,070,102 square feet of space transacted during the same period last year. Prices for leased Industrial space fell 10 per cent to.70 sfn from last August s $6.35 figure. Meanwhile, rents for Commercial space rose six per cent to $18.98 sfn from last August s $17.86 sfn. Sales Market Highlights In August, 30 transactions of Industrial/Commercial properties took place through the MLS system. Of these, 16 were Industrial properties of all size categories, which sold for an average of $70.80 per square foot. This compares to a figure of 6.62 per square foot obtained from non-mls sources. Bob Airey Armando Bernardo John Crombie Derek Gould Roger Jain, CCIM Cynthia Lai, FRI Joe Panchyshyn Larry B. Purchase George Sachs Rocky A. Stefanuto Neel Surendran, CCIM Mario Vitelli Norair Yeretsian Total Number of Commercial Sales 30 units sold Total Square Footage of all Leased Space 830,317 sq. ft

2 SOLD INDUSTRIAL PROPERTIES $175 Sold Industrial Properties, 0-5,000 Square Feet Square Foot $175 Sold Industrial Properties, 5,001-15,000 Square Fee Square Foot Aug Sep 2007 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug ,000 SQ. FT. 5,001-15,000 SQ. FT. E07 5 5,951 $ W05 1 2,750 $ Total: 6 8,701 $ W17 1 1,498 $ W24 3 5,100 $ W29 1 1,050 $ Total: 5 7,648 $ N08 1 1,831 $ N10 1 2,157 $ Total: 2 3, W21 1 8,300 $ Total: 1 8,300 $ N07 1 5,019 $ Total: 1 5,019 $ Total: 2 13,319 $ Total: 13 20,337 $

3 SOLD INDUSTRIAL PROPERTIES 0 Sold Industrial Properties, 15,001-50,000 Square Feet 0 Sold Industrial Properties, 50,001 Square Feet & Over Square Foot ,001-50,000 SQ. FT. 50,001 SQ. FT. AND OVER C ,044 $90.35 Total: 1 17,044 $90.35 Total: 1 17,044 $90.35 All information on this publication is copyright Real Estate Board Commercial Division. All rights reserved. Commercial Division Real Estate Board 3

4 LEASED INDUSTRIAL SPACE Leased Industrial Space, 0-5,000 Square Feet Leased Industrial Space, 5,001-15,000 Square Feet net 6.32 sfn net 5.32 sfn 0-5,000 SQ. FT. C02 1 1, E04 2 5, E07 2 1,611 $7.98 E , W , W09 2 4,227 $6.07 W ,900 $7.58 Total: 18 45,456 $6.40 E12 Total: 1 1 3,000 3, W12 1 2, W14 1 3, W , W20 1 3,900 $6.00 Total: 11 27, N08 1 4,856 $6.25 N10 2 3,374 $9.05 N11 1 1,004 $8.00 N12 1 1,188 $7.95 Total: 5 10,422 $7.52 Total: 35 86,785 $6.32 5,001-15,000 SQ. FT. C ,500 $4.50 E , E , E09 1 7,800 $4.50 E10 1 9, W ,753 $4.28 W ,050 $4.21 Total: ,630 $4.66 W ,584 $6.00 W20 1 5, W ,950 $6.45 Total: 3 31,395 $6.18 N03 1 6,418 $8.50 N ,729 $6.11 N11 1 5,018 $6.95 Total: 6 48,165 $6.51 Total: ,

5 LEASED INDUSTRIAL SPACE Leased Industrial Space, 15,001-50,000 Square Feet Leased Industrial Space, 50,001 Square Feet & Over net 5.51 sfn net 5.86 sfn 15,001-50,000 SQ. FT. W , W , W , Total: 4 91, N ,427 $6.00 Total: 1 16,427 $ ,001 SQ. FT. AND OVER W ,594 $6.50 W , Total: 2 300, Total: 2 300, Total: 5 107, All information on this publication is copyright Real Estate Board Commercial Division. All rights reserved. Commercial Division Real Estate Board 5

6 SOLD COMMERCIAL/RETAIL PROPERTIES 0 $900 $800 $700 Sold Commercial/Retail Properties, 0-1,000 Square Feet Square Foot Sold Commercial/Retail Properties, 1,001-2,500 Square Feet $ Square Foot $360 $320 $280 $ $400 $240 0 $160 $300 $120 0 $80 $40 0-1,000 SQ. FT. 1,001-2,500 SQ. FT. E $ Total: $ C14 1 2, Total: 1 2, N03 2 1,093 $ N $ Total: 3 1,860 $ Total: 4 2,453 $ W24 1 1,995 $ Total: 1 1,995 $ Total: 2 3,995 $

7 SOLD COMMERCIAL/RETAIL PROPERTIES Sold Commercial/Retail Properties, 2,501-5,000 Square Feet $ Square Foot $275 Sold Commercial/Retail Properties, 5,001 Square Feet and Over Square Foot $ $225 0 $ $ ,501-5,000 SQ. FT. E02 1 4,900 $ E09 1 3,500 $83.71 Total: 2 8,400 $ N03 1 2,930 $ N11 1 5, N15 1 4,800 $47.90 Total: 3 12,730 $ ,001 SQ. FT. AND OVER C07 1 5,760 $ W , Total: Total: 2 16, 210 $ Total: 5 21,130 $ All information on this publication is copyright Real Estate Board Commercial Division. All rights reserved. Commercial Division Real Estate Board 7

8 LEASED COMMERCIAL/RETAIL SPACE.00 Leased Commercial/Retail Space, 0-5,000 Square Feet Leased Commercial/Retail Space, 5,001-15,000 Square Feet $ sfn $18.75 $12.50 $ Aug Sep Oct Npv Dec Jan Feb Mar Apr May Jun Jul Aug 0-5,000 SQ. FT. 5,001-15,000 SQ. FT. C01 2 1,600 $49.13 C $42.77 C04 1 1,000 $16.80 C14 1 1,200 $30.00 C $37.00 E $17.39 W02 1 1,400 $12.86 W05 1 3,228 $6.50 Total: 9 10,158 $23.08 W12 1 1,316 $16.00 W23 4 6, W $9.00 W $18.90 Total: 7 9,444 $19.39 N08 4 8,509 $18.34 N11 2 4, Total: 6 13, Total: 22 32,686 $ ,001-50,00 SQ. FT. 50,001 SQ. FT. AND OVER 8

9 LEASED OFFICE SPACE Leased Office Space, 0-5,000 Square Fee Leased Office Space, 5,001-15,000 Square Feet sfn sfn net net 0-5,000 SQ. FT. 5,001-15,000 SQ. FT. C01 1 2,000 $21.60 C07 4 4,608 $17.15 W , Total: 8 17,778 $13.55 E15 Total: 2 2 2,004 2,004 $14.75 $14.75 W13 1 5, W15 1 2,889 $8.00 W17 5 9,409 $11.77 W $8.25 W $16.00 Total: 9 18, N03 1 1,589 $12.00 N08 3 3,595 $11.36 N10 4 7,696 $9.22 Total: 8 12, Total: 27 51,239 $11.70 C11 1 5,902 $13.50 W07 1 5,300 $6.50 Total: 2 11, N08 1 9, Total: 1 9, Total: 3 20,858 $ ,001-50,000 SQ. FT. E ,512 $12.00 Total: 1 21,512 $12.00 Total: 1 21,512 $ ,001 AND OVER SQ. FT. 9

10 SOLD LAND 0-130,000 SQ. FT. Total Acre Av. Price E ,783 $ $2,976, W , $671, Total: 2 47,968 $ $1,572, E ,612 $ , E ,998 $ $1,063, Total: 4 132,610 $ , ,001 SQ. FT. AND OVER Total Acre Av. Price N ,075 $ $76, N , $33, Total: 2 929,135 $ $49, Total: 2 929,135 $ $49, W ,954 $ , Total: 1 67,954 $ , Total: 7 248,532 $ $808,

11 Leslie August 2008 TORONTO REAL ESTATE BOARD SERVICE AREAS Sunnidale Townline Vespra Hwy. 90 Wellington Townline Milton Halton Hills/Milton Townline W26 Hamilton/Wentworth Townline W29 Orangeville Peel Townline Wellington Townline Halton Hills W25 W27 Bell SchoolLine Dufferin/Simcoe Line Winston Churchill 401 Burlington Hwy. 9 Mayfield Rd. BurlOak Rd. Hwy. 9 Milton W22 Ninth Line Tosorontio Hwy. 89 Adjala N20 Caledon W28 W23 N21 W20 Milton/Oakville Line Oakville W21 Heart Lake Rd. Brampton Credit River Winston Churchill 2nd Line New Tecumseth-Adjala Line (17th Sideroad) Mavis Brampton 410 Mississauga W13 Regional 15 Hwy. 9 W24 W17 Cawthra W19 W16 W15 W14 Credit River W18 Dundas Hwy. 427 York-Peel Townline Hwy. 50 Derry Rd. W12 Etobicoke Creek Hwy. 89 Essa N22 New Tecumseth W W9 Eglinton W8 Bloor W7 W6 Steeles Q.E.W. Humber River New Tecumseth/Bradford- Gwillimbury Townline King N14 King/Vaughan Vaughan N08 W5 401 W4 St. ClairW3 Bloor W2 W1 Hwy. 27 Bradford Gwillimbury N19 N18 Township Line Bradford- Gwillimbury/Innisfil Hwy. 9 Dufferin Dufferin Allen Rd. St. Clair Bloor Don C6 C1 C4 N02 Steeles River Yonge Do n Hwy. Bayview Newmarket N07 Newmarket Aurora N06 Bloomington Rd. N05 Gamble Rd. 19th Avenue N04 Major Mackenzie Dr. Bay vie w C2 C9 C8 Yonge St. C7 C14 C12 N03 Eglinton C10 C3 C11 Lake Ontario Townline Innisfil N23 Bathurst Regional N01 C C13 Eglinton E3 Danforth E2 E1 Valley Parkway Gwillimbury Coxwell Ave. Gwillimbury Victoria Park Hwy. 404 St.Clair N15 5th Concession Whitchurch/Stouffville Markham Unionville Markham N11 E6 E4 Steeles Kennedy Rd. Midland Brimley Rd. Hwy. 407 N10 Davis Drive N12 Markham Rd. N13 E5 E7 E11 E9 Lawrence E8 Morningside Lake Simcoe Regional 32 Georgina Regional 30 York-Durham Line N17 Pickering Townline E10 Rouge River Lake Ontario Uxbridge N16 Pickering E13 Pickering E18 4th Concession Townline E12 Pickering-Ajax Durham 23 Ajax E14 Durham 23 Durham 23 Brock N24 Durham-Victoria Line Brock/Scugog Townline Townline Rd. E19 Taunton Rd. Whitby E15 N Regional 2 6th Concession Oshawa E Regional 2 Lake Scugog Scugog E21 Real Estate Board Scugog Island Taunton Rd. Bowmanville E17 Hwy. 35/115 Newcastle E Durham/umberland Line Hwy. 6 Burlington GLOSSARY OF TERMS 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. 11