Commercial Report - TRREB

Over 7.0 Million Square Feet Leased in Q4 2022 TRREB Commercial Network Members reported 7,040,863 square feet of leased space through TRREB's MLS® System in Q4 2022 for all lease transaction types across the industrial, commercial/ retail and office market segments. This result represented a seven per cent decrease compared to Q4 2021.

Year-over-year changes in average per square foot net lease rates, for transactions with pricing disclosed, were up for industrial and office space, but down for the commercial/retail segment.

The average industrial lease rate for Q4 2022 was $18.04, up from $13.74 in Q4 2021. The average commercial/retail lease rate was $19.79, down from $22.81 in Q4 2021. The average office lease rate was up year-over-year to $20.43 in Q4 2022 compared to $18.60 in Q4 2021.

It is important to note that annual changes in average lease rates can be a result of changing market conditions and changes in the mix of properties leased from one year to the next, in terms of location, size, property type mix and other related variables.

Total commercial sales in Q4 2022 were down to 224 sales, from 430 a year earlier in Q4 2021. Sales in the industrial sector amounted to 80 in Q4 2022 – down from 142 sales in Q4 2021. Commercial/retail sales were down from 178 in Q4 2021 to 73 in Q4 2022. There were 71 office sales in Q4 2022, a drop from 110 sales in Q4 2021.

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Additional Info

Field Value
Last Updated August 21, 2024, 02:18 (UTC)
Created April 4, 2023, 02:57 (UTC)
Domain / Topic
Domain or topic of the dataset being cataloged.
Housing
Format (CSV, XLS, TXT, PDF, etc)
File format of the dataset.
.pdf - application/pdf
Dataset Size
Dataset size in megabytes.
Metadata Identifier
Metadata identifier – can be used as the unique identifier for catalogue entry
Published Date
Published date of the dataset.
2023-03-02
Time Period Data Span (start date)
Start date of the data in the dataset.
Time Period Data Span (end date)
End date of time data in the dataset.
GeoSpatial Area Data Span
A spatial region or named place the dataset covers.
Ontario
Field Value
Access category
Type of access granted for the dataset (open, closed, service, etc).
Limits on use
Limits on use of data.
Location
Location of the dataset.
https://trreb.ca/index.php/market-news/commercial-report
Data Service
Data service for accessing a dataset.
Owner
Owner of the dataset.
Contact Point
Who to contact regarding access?
TRREB
Publisher
Publisher of the dataset.
Publisher Email
Email of the publisher.
Author
Author of the dataset.
TRREB
Accessed At
Date the data and metadata was accessed.
2023-04-03
Field Value
Identifier
Unique identifier for the dataset.
Language
Language(s) of the dataset
English
Link to dataset description
A URL to an external document describing the dataset.
https://trreb.ca/index.php/market-news/commercial-report
Persistent Identifier
Data is identified by a persistent identifier.
N/A
Globally Unique Identifier
Data is identified by a persistent and globally unique identifier.
N/A
Contains data about individuals
Does the data hold data about individuals?
No
Contains data about identifiable individuals
Does the data hold identifiable data about individual?
No
Contains Indigenous Data
Does the data hold data about Indigenous communities?
N/A
Field Value
Source
Source of the dataset.
https://trreb.ca/index.php/market-news/commercial-report
Version notes
Version notes about the dataset.
Is version of another dataset
Link to dataset that it is a version of.
Other versions
Link to datasets that are versions of it.
Provenance Text
Provenance Text of the data.
Provenance URL
Provenance URL of the data.
Temporal resolution
Describes how granular the date/time data in the dataset is.
Quarterly
GeoSpatial resolution in meters
Describes how granular (in meters) geospatial data is in the dataset.
GeoSpatial resolution (in regions)
Describes how granular (in regions) geospatial data is in the dataset.
City
Field Value
Indigenous Community Permission
Who holds the Indigenous Community Permission. Who to contact regarding access to a dataset that has data about Indigenous communities.
Community Permission
Community permission (who gave permission).
The Indigenous communities the dataset is about
Indigenous communities from which data is derived.
Field Value
Number of data rows
If tabular dataset, total number of rows.
Number of data columns
If tabular dataset, total number of unique columns.
Number of data cells
If tabular dataset, total number of cells with data.
Number of data relations
If RDF dataset, total number of triples.
Number of entities
If RDF dataset, total number of entities.
Number of data properties
If RDF dataset, total number of unique properties used by the triples.
Data quality
Describes the quality of the data in the dataset.
Metric for data quality
A metric used to measure the quality of the data, such as missing values or invalid formats.

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