Real Estate and Entrepreneurship/ Business Growth.

Published 06 September 13 03:10 PM | Deedar Ghatehorde 

Real Estate and Entrepreneurship/ Business Growth.

Commercial real estate is a good indication of the state of business growth and entrepreneurship.   Lease transactions completed on a per square foot net basis with pricing disclosed on Toronto MLS for august 2013 do give an insight into Toronto real estate and business growth.

The Leased Square Feet Average and growth or reduction in Lease Rate for Aug. 2013 is as given below:

The Industrial Leased Square Feet in Aug 2013 is 376,085 vs 152,473 for Aug 2012, showing an increase of 146.7%.

The Industrial rate has reduced to $5.16 from $5.88 which is a reduction of 12.2%.  There are several explanations for the rates going down.  Large warehousing spaces are rented at lower rates.  It bodes well for our competitiveness.

The Commercial Leased Square Feet in Aug 2013 is 67,067 Vs 61,667 for Aug 2012, showing an increase of 8.8%  

The Commercial rate has increased to $13.94 from $11.32 which is a increase of 23.2%. 

The Office Leased Square Feet in Aug 2013 is 44,772 Vs 33,242 for Aug 2012, showing an increase of 34.7%.

The Office rate has increased to $13.88 from $11.30 which is a increase of 22.9%.   Increase in rates for Commercial and office space can be construed as an indication of better spaces or move towards small employment by self businesses who buy smaller spaces at higher rents.

This does bode well for Entrepreneurship in Ontario.  The trend has to be watched month over month to reach some reasonable conclusion. Read More

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