Here’s Why Toronto’s Commercial Property Market Will Continue To Thrive
Toronto’s status as a prominent business hub is likely to continue fuelling the thriving commercial real estate market. The city is home to 12,000 finance firms that employ over 360,000 employees, making Toronto one of the biggest, most dominant financial centres in North America. International capital flows into the city as many business headquarters and incubators put down roots in Ontario’s capital. Toronto is Canada’s powerhouse in the expanding tech industry, with tech-related deals totaling over $1.7 billion in 2018.
The city has also seen a surge in office space development, driven by companies seeking to grow in Toronto, Mississauga, Vaughan, and other parts of the Greater Toronto Area. Current projects which are expected to be completed within the next 2 years exceed a tremendous 9.4 million square feet worth of commercial space. Presently, the vacancy rate for office space in Toronto sits at an impressively low 1%, lower than the city’s financial hub rivals such as New York, San Francisco, and Boston.
Take advantage of Toronto’s prosperous commercial property market today with the expertise offered by the highly specialized and experienced commercial mortgage brokers at Clover Mortgage. Our talented and knowledgeable team of commercial mortgage brokers and mortgage agents specialize in the commercial property market. Our knowledge of market rates and trends, along with our access to over 50 different mortgage lenders enables us to give you exceptionally competitive commercial mortgage rates and mortgage products that are right for you.
Call or text us today at 647-340-8640 or toll free at 1-800-673-2230, or email us at firstname.lastname@example.org to speak with an experienced professional Commercial Mortgage Broker.