With the lowest availability rate of all
submarkets, space continues to be tight in
GTA North, with asking rents for class “A”
and “B” space the highest relative to any other
suburban areas. Statistically, asking rents on
available space have decreased by 4.3% over
the last twelve months. This is mainly due to
a large component of currently available space
being in the “B” and “C” classes. Demand is
anticipated to remain healthy, particularly in
the North Yonge corridor. The availability is
expected to remain low through 2008 with a
little relief being derived from the anticipated
completions of new supply.