Market

As Canada’s largest city, Toronto is the nation’s primary centre for finance, media and manufacturing.  It is the anchor of the Golden Horseshoe region which, with over 8 million people, is one of the largest urban areas in North America.  The Greater Toronto Area (“GTA”) contains approximately 200 million square feet of office and 935 million square feet of industrial space, ranking it in the top five in both categories on the continent.

Cresa’s Toronto office provides a full range of real estate brokerage and advisory services for tenants in both the commercial office and industrial markets. 

The GTA office market is identified by five key submarkets: Downtown, Midtown, West, East and North.  Over the past decade, the West and North markets have experienced tremendous growth as most technology companies have located outside of the commercial business district and many leading financial institutions have relocated back office functions to new developments in these nodes.  Despite this migration to the suburbs, the downtown market has remained strong, with both vacancy and availability rates remaining below 12% over the past five years.  This has resulted in a general trend of increasing average occupancy costs over the years, with only very minor decreases in early 2009.

The GTA industrial market represents a wide range of uses, and has been traditionally dominated by the automotive industry and warehousing and distribution functions.  The industrial market is identified by four key submarkets: GTA Central, West, East and North which are segmented further into individual municipalities.  The West market is the largest and most dynamic in the GTA, comprising nearly 400 million square feet of industrial space, over half of which is located in the City of Mississauga.  While the downturn in the global economy has impacted industrial users more dramatically than office tenants, availability rates have remained relatively low, staying well below 10% across the GTA.

Founded more than 20 years ago as LNR Corporation, the Toronto office has been affiliated with Cresa since 1998.  Led by a team of principals with over 70 years of collective real estate experience, we are the market leader in pure tenant representation in the GTA.   Since inception, we have provided leading-edge strategic real estate solutions for hundreds of clients, from Global 500 multi-nationals to small not-for-profit community groups in all geographic nodes.

Company

Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio / Lease Administration, Capital Markets, Sustainability, Industrial / Supply Chain and Facilities Management. With more than 55 offices, Cresa is the largest tenant representation firm in North America. Through its alliance with Savills, one of the world's largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries.