GTA Leased Space

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By Elli Davis, March 15, 2010

12 Woodlawn Avenue, Central Toronto

This past month, 606,076 square feet of leased area was reported by Toronto Real Estate Board Commercial Members. In comparison with February 2009 when 472,663 leased square feet was reported, it is quite a big progress- a 28 percent rise. Almost everything seems to be improving and getting more positive if compared to 2008- first parts of 2009, actually.

According to Garry Lender, the Commercial Council Chairman, the main economic indicators indeed suggest that Canadian economy keeps on getting better. He is convinced that the growth is staring to be better distributed across all sectors of our economy. I have to say I absolutely agree with him, Canadian economy is recovering very well; we are doing a great job.

As for the future, Lender advises to “look for positive results to continue in the commercial market, especially as we start to see more hiring in the GTA.” Cannot wait for them; let’s hope these words will come true.