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Strong Q2 for commercial leasing

Toronto
Strong Q2 for commercial leasing

New figures from TREB show space leased in the GTA in Q2 was up sharply versus the same time last year, with industrial accounting for almost three quarters of leased space. More than 5.8M SF got leased Q2, up 15.6% from 2013 and 10.8% year-over-year. With export-focused production representing much of the GTA's industrial activity, a continued uptick in industrial leasing could mean businesses are readying for an upturn in export orders, Etherington notes. 239 commercial properties sold through the MLS system in Q2, a dip from the 342 in 2013. Average selling prices were also down.