Average Asking Net Rent by Submarket and Clear Height Under 18’
18’ to 24’
24’ to 28’
Over 28’
Average
Richmond Hill
Vaughan
WhitchurchStouffville
Asking Rent $ (per SF)
$6.50 $6.00 $5.50 $5.00 $4.50 $4.00 Aurora
Markham
Newmarket
GTA North’s average asking net rents at the end of Q1 2010 ranged between $4.23 per SF in Aurora to $6.00 per SF in Whitchurch-Stouffville. Markham and Vaughan quoted higher rents for industrial
GTA North
buildings with ceiling heights above 24’, while in other submarkets there was insufficient information as not all clear height categories had space on the market.
Industrial Building Sales By Size Category > 50,000 SF
> 50,000 - 150,000 SF
> 150,000 SF
Number of Transactions
160 120 80 40 0
1997
1998
1999
2000
2001
2002
2003
2005
2006
2007
2008
2009
2010 YTD
over time and peaked during the growth period from 2005 to 2008. Over the last year, private Canadian investors were the most dominant purchaser group by a small margin, followed by user-occupiers.
Greater Toronto Area | North | 14
GTA North
Since 2001, most of the industrial buildings changing ownership in GTA North have been in the smaller building size category of less than 50,000 SF in size. As observed in other GTA markets, the amount of smaller sized buildings being sold increased steadily
2004