Retail Store For Rent Mississauga
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FAQ
The average industrial lease rate for Q1 2023 was $18.12, up from $12.17 in Q2 2022. The average commercial/retail lease rate was $26.32, down from $48.44 in Q2 2022. The average office lease rate, at $19.13, was higher than the average reported in Q2 2022.
Ing to a new report by rentals.ca, average rent across Canada has reached another record high of $2,117 per month. The report found that between May and August, rent increased by an average of $103 per month.
Rental rates are typically quoted on a per-square-foot basis and can range widely across the city. The average retail rents in prime areas of Toronto range from approximately $40 to $150 CAD per square foot per year.
The average commercial/retail lease rate was $26.32, down from $48.44 in Q2 2022. The average office lease rate, at $19.13, was higher than the average reported in Q2 2022.
The average asking rent of industrial and logistics real estate in Canada was between 10 and 22 Canadian dollars per square foot in the first quarter of 2023. Toronto, which was the market with most inventory, had monthly rent of 18 Canadian dollars per square foot, making it the third most expensive market.