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Ways to Know It’s Time for New Office Space

Ways to Know It’s Time for New Office Space

Changing office spaces can be challenging. When you change your location, it will involve moving expenses, expenses to configure the new space, interruptions to your business as you readjust, and more. But on the other hand, having to stay in the wrong space can also...

Toronto Commercial Real Estate News for Q4 2020

Toronto Commercial Real Estate News for Q4 2020

TRREB Commercial Network Members reported 5,524,894 square feet of leased space through TRREB's MLS® System in Q4 2020 for all lease transaction types across the industrial, commercial/retail and office market segments. This result represented a 10.8 percent decrease...

Industrial lease rates are Robust

Industrial lease rates are Robust

The GTA Toronto, Mississauga and Vaughan industrial market has remained constant and very favourable to landlords. Forecasts at the beginning of Q4 2020 for stricter COVID-19 19 lockdowns and increasing COVID-19 cases came to fruition as the quarter closed and the...

Commercial Real Estate in 2021

Commercial Real Estate in 2021

The story of Canada’s commercial real estate in 2021 will depend on how many COVID-19 plot twists have caused permanent changes in leasing and transaction patterns. Industrial and retail real estate trends that had already emerged in 2019 were greatly accelerated by...

Leasing of Toronto Office Space

With the coronavirus outbreak showing no signs of slowing down, the Greater Toronto Area office market is now exhibiting conditions similar to its state during the 2008/2009 financial meltdown, according to Colliers Canada. “Six months into the COVID-19 pandemic,...

Did the pandemic crush commercial real estate?

What was Toronto’s commercial real estate market like in the before times? It was tight, meaning a large chunk of properties were leased, which drove rents up. At the end of 2019, we had a commercial vacancy rate of 2.9 per cent. That’s ridiculously low, both...