GTA commercial market continues to surge
The Greater Toronto Area commercial real estate investment market repeated its strong Q1 performance in the second quarter of 2022, continuing the momentum established during the second half of the previous year, according to Avison Young.
“The willingness of buyers to invest capital is a testament to their confidence in the market’s stability and prospects for the future amid the constantly shifting post-pandemic economic landscape,” Avison Young said.
Q2 sales of commercial properties – covering office, industrial, retail, multi-residential and ICI land assets – valued at or greater than $1 million across the GTA amounted to roughly $7 billion. This represented a massive 43% annual increase.