Why You Should Invest in Commercial Real Estate in Toronto
2.2 min read
The City of Toronto remains one of the most saturated markets when it comes to commercial real estate. The range of commercial real estate in Toronto is endless. Whether you are looking to invest in retail, industrial, office, or mixed-use properties, there is something for everyone.
As Canada’s continually evolving business hub, commercial real estate investors are attracted to the Toronto market, as it offers various benefits regarding growing your portfolio and increasing cash flow.
According to recent stats from Toronto Regional Real Estate Board (TRREB), the average cost per square foot in the Greater Toronto Area was around $322 for industrial properties, $377.89 for commercial and residential, and $398.23 per square foot for offices. However, investing in CRE is not limited to owning property. Investors can also participate in fixing homes and selling them for a profit or even investing in real estate investment trusts (REIT).
Investing in commercial real estate is typically the go-to choice for business owners looking to expand their business; however, finding the ideal commercial property can be hard to come by, especially in a highly competitive market like Toronto.
Investing in property fuels a better return on investment (ROI) whether you want to hold the property for the short or long term. When investing in a commercial property, it is essential to keep changes in the market, such as a rise in interest rates and stability and protection.
Investing in commercial real estate in Toronto requires time, patience, and significant due diligence. If the necessary actions are not taken, business owners could run into many issues along the way. Working with an experienced and knowledgeable commercial real estate agent is crucial to help make the process run smoothly.
Reference
Grant, C. (2022, April 6). Why invest in commercial real estate in Toronto? canadianrealestatemagazine. Retrieved July 26, 2022, from https://www.canadianrealestatemagazine.ca/expert-advice/why-invest-in-commercial-real-estate-in-toronto-335084.aspx
About Royal LePage Commercial Westhaven
Our commercial real estate industry and segment expertise coupled with Royal LePage’s national platform and integrated systems provides best-in-class real estate strategies and a competitive advantage that can’t be beat.
We help businesses identify opportunities and maximize their return on investment with actionable goals, centralized support services and a strong commitment to customer success. Our national partnerships help us establish, guide and execute successful business investments.
We offer commercial real estate agents a professional environment, focused 100% on commercial real estate. Agents can expect unlimited market boundaries to build their business without the interference of a heavy corporate structure. In addition, agents will be able to access Royal LePage’s national referral network of over 18,000 agents to develop more business in their target markets with incoming leads generated daily. The brokerage provides agents a suite of services including marketing, promotional, networking and professional development needs.
Innovation and service excellence have developed and propelled the Royal LePage brand since 1913. When you join Royal LePage Commercial Westhaven brokerage, you have the backing of one of the most powerful commercial real estate services company in Canada—Bridgemarq Real Estate Services Inc. (formally Brookfield Real Estate Services Inc.). Bridgemarq is a leading provider of services to real estate brokers and agents. They are an affiliate of Brookfield Business Partners, a business services and industrials company focused on owning and operating high-quality businesses and is listed on the New York and Toronto stock exchanges.