GTA Market Analysis

GTA Market Analysis

Tillyard Management Inc. has updated CoStar’s Industrial and Office Statistics for the Greater Toronto Area as of January, 2020.

The First Quarter (Q1) Market Analytics for those markets are currently available.

tillyard assest manager

GTA Industrial Market Report – Q1, 2020

GTA Retail Market Report – Q1, 2020

GTA Office Market Report – Q1, 2020

About CoStar Statistics

Industrial Market Analysis

The CoStar industrial statistics calculates industrial property statistics in the Greater Toronto Area by using three main elements. They are CoStar Group’s catalogue of existing, under construction and under renovation industrial buildings.  These are both single-tenant and multi-tenant buildings. The statistics include owner-occupied buildings.

The Industrial statistics report includes all industrial building types, including:

  • warehouses
  • flex/research & development
  • distribution
  • manufacturing
  • industrial showroom
  • service buildings

The Industrial Report calculates all rental rates by using the quoted rental rate for each property.

Office Market Analysis

The CoStar office statistics, unless specifically stated otherwise, calculates office statistics using CoStar Group’s entire database of existing and under construction office buildings in the Greater Toronto Area. This covers all classes and all sizes, multi-tenant and single-tenant buildings, and owner-occupied buildings.

The office statistics report includes the following categories:

  • office
  • office condominium
  • office loft
  • office medical

All rental rates reported in the CoStar Office Report have been converted to a Full Service equivalent rental rate.

Retail Market Analysis

The CoStar retail statistics uses CoStar Group’s up-to-date catalogue of existing, under construction and under renovation retail buildings in the Greater Toronto Area. It covers both single-tenant and multi-tenant buildings, as well as owner-occupied buildings.

The retail statistics report includes all retail building types, such as:

  • community center
  • freestanding retail
  • neighborhood center
  • power center
  • regional mall
  • specialty center
  • unanchored strip center

All rental rates reported in the CoStar Retail Report are calculated using Triple Net (NNN) rental rates.

CoStar Group’s global database includes approximately 95.6 billion square feet of coverage in 4.4 million properties.