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Toronto, Ontario, Canada

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Ashlar Urban
Last Updated: 11-Nov-2010
Market Overview
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* Click on each category for a detailed definition.

RENT/SF/Year RENT/SF/Year
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) CDN 40.00 CDN 60.00 CDN 57.01 $ 39.60 $ 59.41 $ 56.45 7.5% 5.0%
Class A (Prime) CDN 25.00 CDN 32.00 CDN 56.00 $ 24.75 $ 31.68 $ 55.45 7.5% 5.8%
Class B (Secondary) CDN 15.00 CDN 28.00 CDN 45.34 $ 14.85 $ 27.72 $ 44.89 7.5% 6.0%
 
Suburban Office
New Construction (AAA) CDN 12.00 CDN 25.00 CDN 16.67 $ 11.88 $ 24.75 $ 16.50 9.0% 7.0%
Class A (Prime) CDN 12.00 CDN 25.00 CDN 16.67 $ 11.88 $ 24.75 $ 16.50 9.0% 7.0%
Class B (Secondary) CDN 12.00 CDN 22.00 CDN 15.00 $ 11.88 $ 21.78 $ 14.85 9.0% 7.5%
 
Industrial
Bulk Warehouse CDN 4.00 CDN 9.00 CDN 6.00 $ 3.96 $ 8.91 $ 5.94 9.0% 8.0%
Manufacturing CDN 4.00 CDN 8.00 CDN 6.00 $ 3.96 $ 7.92 $ 5.94 10.0% 8.0%
High Tech / R&D CDN 9.00 CDN 16.00 CDN 12.00 $ 8.91 $ 15.84 $ 11.88 9.2% 7.5%
 
Retail
Downtown CDN 25.00 CDN 300.00 CDN 45.00 $ 24.75 $ 297.03 $ 44.55 8.0% 7.0%
Neigborhood Service Centers CDN 25.00 CDN 40.00 CDN 30.00 $ 24.75 $ 39.60 $ 29.70 9.0% 7.5%
Community Power Center CDN 22.00 CDN 45.00 CDN 36.00 $ 21.78 $ 44.55 $ 35.64 6.0% 6.5%
Regional Malls CDN 40.00 CDN 120.00 CDN 50.00 $ 39.60 $ 118.81 $ 49.50 5.0% 5.0%

Development Land Low/Acre High/Acre Low/Acre High/Acre
Office in CBD N/A N/A N/A N/A
Land in Office Parks CDN 450,000.00 CDN 999,000.00 $ 445,544.55 $ 989,108.91
Land in Industrial Parks CDN 375,000.00 CDN 80,000.00 $ 371,287.13 $ 79,207.92
Office/Industrial Land - Non-park N/A N/A N/A N/A
Retail/Commercial Land CDN 390,000.00 CDN 1,000,000.00 $ 386,138.61 $ 990,099.01
Residential N/A N/A N/A N/A

Conversion 1.01CDN = 1 US$


Footnote: Inventory is for all clases
 

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