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July 30, 2009

Cushman & Wakefield’s second quarter 2009″Marketbeat Toronto Retail Report” shows commercial retail rates in Toronto have plummeted between 13% and 24% over last year. Lease rates for Big Box stores took the biggest hit with the average price per sqare foot declining from $21 to $17 (a 24% reduction).

Read the full report here Cushman & Wakefield LePage Market Beat Toronto Retail Report but note the decline in lease rates is a little hidden.

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