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Market Statistics - GTA
Market Statistics Overview
The most improved market was the Markham and Pickering market, which moved down from 6.9% to 3.6%, followed by the Duncan Mill market which moved down from 14.3% to 12.7% vacant.
The market with the highest vacancy rate was the newly defined Airport Corporate Centre (ACC) market with 14.4% vacancy reported. A new market segment, Dixie & Eglinton now encompasses 22 of the buildings that were previously considered part of the ACC market. Moving forward, our data should be a more succinct representation of the ACC market. We will be including the new Dixie & Eglinton market next quarter.
The market with the lowest vacancy rate was again the St. Clair market, with 2.8% vacancy.
20 of 27 markets have single digit vacancy, a very healthy statistic overall, the same as last quarter.
According to our Problem PercentageTM Overview, the GTA’s healthiest market segment is the St. Clair market node with only 1 problem building of 26, or 3.9%. The worst market overall was the Consumers Road “A” market node which had 2 problem buildings of 6 surveyed, or a 33% Problem Percentage.
For large block users there are currently 58 office buildings across the GTA that have over 50,000 sq. ft. of contiguous space available, up from 49 buildings last quarter.
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