5 May 2011

Office space leased in Toronto drops in April

Though office space in the Toronto area has been taken up at brisk pace this quarter, the commercial real estate market in the GTA suffered a bit of a setback in the month of April.

According to the Toronto Real Estate Board, 842,406 square feet of space was leased by commercial property hunters. That’s a significant amount of space no longer available for rent, but it’s down 27 percent compared to the same month last year, when 1,155,944 square feet of space was leased.

Despite the downturn, Larry Purchase, chairman for the TREB’s commercial division, said high demand will keep the market operating in the black.

“As the Canadian economy continues to expand in 2011, demand for commercial real estate is expected to remain healthy, albeit with some month-to-month volatility in transactions,” said Purchase. “Exports are generally expected to make a larger contribution to growth this year, which is important for firms located in the GTA.”

Paperwork and important documents may pile up no matter how big an office space is. Storage units serve as an ideal location to house these documents so that they aren’t misplaced or accidentally thrown away. 

Be Sociable, Share!
Comment

Related Articles [3]

Self-Employed? How a Storage Unit Can Benefit You

January 28th, 2021
Do you own a business or brand? Are you self-employed and looking for some extra space for your business needs? If this sounds like you, then a storage unit can easily be the...

Benefits of Using a Storage Unit as an Office

December 27th, 2019
Modern businesses are looking for new and unique ways to cut costs and maintain quality services for their customers. One of the areas many small businesses overspend on is...

What Are Mobile Office Containers and Trailers?

May 21st, 2018
When you are running a business,sometimes you can find yourself needing short-term (as opposed to permanent) office space. This can be due to renovations going on that...

Leave a Comment






Recent Posts Blog Categories Archives Subscribe to RSS Feeds
Essential SSL