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The Durham Advantage

REAL ESTATE MARKET

The GTA's Most Competitively Priced Business Real Estate

Office Towers

Durham Region is a perfect blend of location, attributes, resources, a skilled and educated workforce, affordable real estate and excellent quality of life.

Available office, industrial, distribution/logistics and retail space, as well as build-to-suit opportunities are supported by stable and competitively priced utilities.

The region also benefits from some of the lowest commercial and industrial land costs and lease rates in the GTA; typically about half the cost of the GTA average.

As per the charts below, Durham Region boasts the lowest real estate rates in the GTA.

Office/Commercial

GTA OFFICE MARKET STATISTICS
2016 Q3
Office Market/ SubmarketClassVacant SpaceVacant RateAvailable SpaceWgt Avg. Asking Net RentWgt Avg. Asking Gross Rent
GTA EAST
DURHAM REGION
A210,9116.8%261,910$14.25$30.70
B182,4816.1%399,318$11.43$24.05
All393,3926.5%661,228$12.86$27.42

GTA NORTH
YORK REGION
A831,4249.0%1,000,207$17.02$30.23
B116,3873.7%160,627$13.68$25.50
All947,8117.6%1,160,834$16.47$29.45

GTA WEST
HALTON AND PEEL REGION
A3,111,19611.6%3,995,611$18.15$31.79
B1,758,73513.0%2,242,089$14.10$27.44
All4,869,93112.1%6,237,700$16.45$29.96

FINANCIAL CORE
TORONTO
AAA867,9165.3%1,632,009$34.53$63.60
A512,9173.7%1,381,572$27.33$53.45
B147,4112.9%333,618$23.56$46.29
All1,537,2444.3%3,347,199$30.59$57.86

DOWNTOWN
TORONTO
AAA876,9165.3%1,632,009$34.53$63.60
A726,9782.2%2,199,290$26.38$51.21
B426,7092.4%972,742$22.77$43.34
All2,030,6033.1%4,804,041$29.26$55.24

MIDTOWN
TORONTO
A139,0802.1%381,408$20.70$45.48
B209,4292.4%409,464$19.94$39.08
All348,5092.3%790,872$21.31$42.25

CENTRAL NORTH
TORONTO
A353,7924.6%779,391$19.11$39.47
B68,9342.1%117,229$13.89$30.74
All442,7263.8%896,620$18.54$38.51

CENTRAL EAST
TORONTO
A544,8818.3%648,182$14.14$29.53
B540,4606.4%650,052$11.09$25.99
All1,085,3417.3%1,298,234$12.56$27.70

CENTRAL TOTAL
TORONTO
AAA876,9165.3%1,632,009$34.53$63.60
A1,764,7313.3%4,008,271$21.62$43.18
B1,245,5323.3%2,149,487$16.74$34.41
All3,887,1793.6%7,789,767$23.04$45.16

Industrial Land

Office Market / SubmarketVacant SpaceVacant RateAvailable SpaceAvg. Asking Net RentAvg. Sales Price
GTA EAST
DURHAM REGION
1,172,7013.2%$994,624$4.45$93.53

GTA NORTH
YORK REGION
3,404,9132.4%$2,452,597$5.36$131.03

GTA WEST
HALTON AND PEEL REGION
14,652,5344.0%$11,504,144$6.04$106.23

GTA
CENTRAL TORONTO
4,269,7801.7%$4,018,322$4.71$124.30

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