In the last 3 years, the Greater Toronto Area has witnessed remarkable growth in the sale of Industrial, Commercial and Institutional (ICI) land, with a significant spike in acres sold across Hamilton, Burlington and Oakville.
In this edition of our quarterly report, we will delve into some intriguing market trends and share our insights on the future of our markets. We always encourage you to reach out to our team for a more in-depth discussion on any market trends.
The Clear Advantage:
Benefits of the 40-Foot Clear Height
Expanding on our recent infographic, let’s delve deeper into the industrial developments taking place across the Greater Golden Horseshoe and explore the rationale behind their 40-foot clear-height design.
The Industrial Boom: Surging Rates in the West GTA Markets
Over the past 12 years, the industrial real estate sector has experienced a remarkable surge in lease rates. Previously, the average market rent stood at $5 net, whereas today, we are seeing an average rate of $18.40.
That’s a wrap on 2022. What a year it was. Our team welcomed three new members, we moved to a new office, hosted several events and started up a new newsletter.
In this episode of Colliers Talks, Bryan Faldowski and Jens Zentil, Vice President of Zentil Property Management, discuss the evolution of Hamilton and the GTA and provide insights on what’s happening in the industrial market.
Q2 2022 Market Report focused on Oakville, Burlington and Hamilton’s office, industrial and land commercial real estate insights.
Why are 57% of the industrial listings in the GTHA effectively unpriced?” Market volatility is causing brokers in the GTA to go to market unlisted. Find out why.
Q1 2022 Market Report focused on Oakville, Burlington and Hamilton’s office, industrial and land commercial real estate insights.
In 2018, the owners of 1153 Pioneer Road in Burlington saw a huge demand for Industrial ownership for smaller owners, however, the Burlington market lacked available supply. Rather than building on raw land and going through a very costly and lengthy development process, they decided with the help of Colliers Team Murray & Faldowski to convert the building into a condominium where each unit could be sold separately to the market.