MARKET REPORT
A Year in Review
2021
A Year in Review
Though coronavirus continued to stall the office market, industrial and land remained strong throughout 2021. With an increased desire for many companies to consider options outside the downtown core, Halton and Hamilton became a top location in the commercial real estate hunt for many industries. As a result, we can predict that Oakville, Burlington, and Hamilton will continue to see an increase in average lease and sale prices in the future for all sectors.
Our team had a great year! We grew in size – adding Chris to our team as an additional Sales Representative with a focus on market intelligence and research. Chris is a driven professional who is dedicated to establishing long-term relationships built on trust. Chris shows enthusiasm when translating, networking, & prospecting opportunities for clients.
With the power of ten we were able to accomplish 163 deals this year – an average of a deal every 52 hours – a feet we could not accomplish without our teams unique roles and expert leadership. With help from our dedicated support – Jennifer and Katelyn – our sales team was able to reach a transactional value for this year of $140,298,000 – a new team record!
Take a look at a few notable deals from Team Murray and Faldowski:
Deal | Asset Type | Address | Size |
SALE | INDUSTRIAL | 881 Arvin + 369 Glover, HAMILTON | 71,750 SF |
SALE | INDUSTRIAL | 590 South Service Road, HAMILTON | 133,250 SF |
LEASE | INDUSTRIAL | 5330 Mainway, BURLINGTON | 45,088 SF |
SALE | OFFICE/COMMERCIAL | 474 Iroquois Shore, OAKVILLE | 39,000 SF |
SALE | INDUSTRIAL | 1362 Osprey, HAMILTON | 78,897 SF |
LEASE | INDUSTRIAL | Lot B Clappison Ave, HAMILTON | 105,000 SF |
LEASE | INDUSTRIAL | 8 Enterprise Crescent, HAMILTON | 88,000 SF |
LEASE | INDUSTRIAL | 345 Townline, NIAGARA-ON-THE-LAKE | 127,725 SF |
SALE | LAND | 601-649 Pritchard, HAMILTON | 304,920 SF |
SALE | INDUSTRIAL | 1485 Speers, OAKVILLE | 104,275 SF |
SALE | INDUSTRIAL | 81 Folsetter, BRANTFORD | 52,000 SF |
SALE | INDUSTRIAL | 55 Healey, CALEDON | 25,600 SF |
SALE | LAND | 4645 Palladium Way, BURLINGTON | 217,800 SF |
SALE | INDUSTRIAL | 1153 Pioneer, BURLINGTON | 71,450 SF |
We want to extend a huge thank you to all of our loyal clients and our extended team at Colliers International for helping us to achieve new heights this year. We look forward to seeing what 2022 has to offer.
For more details on our team or the deals listed above, please contact a member of Team Murray and Faldowski.