Thursday, October 22, 2015

Cost of Commercial Properties


I'm looking for the following statistics (ideally for small businesses only):
-- current average value of commercial properties (per ft2 or m2)
-- rental value of same
-- selling prices of same

All of the above at the Canada level. I'm aware of the Commercial Rents Services Price Index, but I would like the actual rents, not just the index.


Subject matter provided the following response to your questions:
We collect net effective rent charged, percentage rent and occupied square feet to create an occupied price per square foot. The change in this ppsf is then indexed. We do not collect any value related information on the properties.As a rule, we do not publish micro-data, the actual rents. The CRSPI also strips out many variables (utility, maintenance and parking costs, etc) that would be included in general rent and impact the renter. A possible alternate data source would be CB Richard Ellis, Avison Young or Colliers. They produce industry reports, as well as the asking rents for many properties within their portfolios.
If you are interested in discussing the CRSPI further, you can contact a subject matter expert at 613-854-3071.