The document provides a market report on office space in the Greater Toronto Area for Fall 2013. Some key points:
- Vacancy rates continued to decline in the third quarter of 2013, reaching record lows of 5.8% in the GTA overall and 3.9% downtown.
- With significant new development planned, vacancy rates are expected to rise to near double digits by 2016-2017, providing an opportunity for tenants to renegotiate leases.
- Downtown Toronto demand remains strong with a slight decline in vacancy. The financial core submarket also saw steady demand.
- Midtown and GTA North markets also saw low vacancy rates and positive absorption in the third quarter. The GTA
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The document provides a quarterly report on the office market in the Greater Toronto Area (GTA) for Q1 2014. It summarizes key metrics like inventory, absorption, vacancy and rental rates. Demand remains strong from financial services, insurance and technology firms. Vacancy rates are rising in suburban areas as firms migrate to urban cores. The investment market is expected to gain momentum through 2014, with a focus on mixed-use urban retail projects.
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Jll commercial real estate market report toronto 2014Chris Fyvie
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Cushman toronto office leasing market report 2014Chris Fyvie
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Toronto office market report 2015 q2_v3Chris Fyvie
This document provides a quarterly market report on office space in the Greater Toronto Area for Q2 2015. It finds that vacancy rates continued to decline in the downtown core, reaching 2.6%, with demand strongest for newly constructed buildings. Office investment activity has slowed compared to past years. The financial services sector is leading demand, particularly in the downtown and western suburbs. Midtown vacancy rates also declined this quarter due to a lack of new supply and increasing residential development nearby.
The document provides an overview of the office market in Toronto for the third quarter of 2014. It finds that vacancy rates continued to decline in the downtown core while rising in the suburbs. Demand was strongest in the financial and technology sectors, particularly for large spaces downtown. Investment activity remained constrained due to limited supply, though new development projects were attracting investors. Vacancy increased in the midtown area following a large space being sublet. The central north market saw a slowdown in leasing despite low vacancy.
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The document provides a quarterly report on the office market in the Greater Toronto Area (GTA) for Q1 2014. It summarizes key metrics like inventory, absorption, vacancy and rental rates. Demand remains strong from financial services, insurance and technology firms. Vacancy rates are rising in suburban areas as firms migrate to urban cores. The investment market is expected to gain momentum through 2014, with a focus on mixed-use urban retail projects.
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Jll commercial real estate market report toronto 2014Chris Fyvie
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Cushman toronto office leasing market report 2014Chris Fyvie
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Toronto office market report 2015 q2_v3Chris Fyvie
This document provides a quarterly market report on office space in the Greater Toronto Area for Q2 2015. It finds that vacancy rates continued to decline in the downtown core, reaching 2.6%, with demand strongest for newly constructed buildings. Office investment activity has slowed compared to past years. The financial services sector is leading demand, particularly in the downtown and western suburbs. Midtown vacancy rates also declined this quarter due to a lack of new supply and increasing residential development nearby.
The document provides an overview of the office market in Toronto for the third quarter of 2014. It finds that vacancy rates continued to decline in the downtown core while rising in the suburbs. Demand was strongest in the financial and technology sectors, particularly for large spaces downtown. Investment activity remained constrained due to limited supply, though new development projects were attracting investors. Vacancy increased in the midtown area following a large space being sublet. The central north market saw a slowdown in leasing despite low vacancy.
The document provides an overview and forecast of the office market in the Greater Toronto Area (GTA) in the third quarter of 2010. It finds that the GTA office market has stabilized over the past year with a vacancy rate of around 10.5% and average asking rents of $16.25-$16.35 per square foot. The forecast predicts vacancy rates will rise slightly by the end of 2010 before declining to around 6.1% by the third quarter of 2011, while average asking rents are projected to steadily increase to $16.38 per square foot.
-U.S. Office Market Was Driven by the Tech
Sector in the Fourth Quarter of 2018
-Absorption exceeds construction completions, vacancy
declines and the pipeline grows
-Tech markets tighten
-Rents rise, but the pace slows:
Cushman & Wakefield Toronto Americas Marketbeat Office Q1 2019 Guy Masse
Outlook
Given low availability, robust demand, and little relief from new
supply, the office story in Downtown Toronto is expected to remain
one of historically tight conditions and rising rental rates. On the
suburban front, availability is expected to trend upward in GTA
West as over 800,000 square feet (sf) hits the market in the second
half of 2019. GTA East will continue to see a moderate performance
with less than 200,000 sf of space tracked to become available this
year.
The Houston office market continued to contract in Q4 2020 with negative absorption of 836,140 square feet. Vacancy rates increased to 21.7% as the COVID pandemic continued to impact the market. Rental rates remained steady while landlord concessions became more aggressive. The outlook remains uncertain depending on vaccine distribution and return to office trends.
Avison Toronto office market report q2 2015 creChris Fyvie
The Greater Toronto Area office market saw positive absorption in the second quarter of 2015, led by strong performance in the suburbs. Availability across all classes fell to 11.6% as vacancy rose slightly to 9.9%. Almost 1.2 million square feet of new office space was completed during the quarter, with two-thirds of the 5.7 million square feet under construction located in Downtown Toronto. Demand remained strong from US tenants looking to expand in the market, especially downtown.
Leasing volume has been stuck in neutral for several quarters. Nevertheless, activity in the Midtown, Central Perimeter, North Fulton and Northwest remains steady with corporate relocations boosting demand as well.
JLL Louisville Industrial Outlook - Q4 2016Ross Bratcher
New construction, tenant demand keep rates at high levels. Employment challenges meet creative solutions, new political landscape. Leasing velocity remains true to historic size segments in 2016.
JLL Louisville Industrial Outlook - Q3 2016Ross Bratcher
Speculative development in River Ridge accelerates with the upcoming completion of the East End Bridge as 2.54 million square feet of space has delivered year-to-date in the submarket. Industrial employment growth receives a boost from Louisville’s “Big Three” (Ford, UPS, and GE/Haier). Developers are answering the call for new modern bulk warehouse product, construction is focused in the Southern Indiana, Airport, and Bullitt County submarkets.
The document provides an overview of the Austin office market in Q1 2020. It summarizes that the market saw 35,453 SF of negative net absorption in Q1, with large negative absorption in Class A buildings. Vacancy increased to 13.0% citywide. Rental rates increased slightly to $35.93 on average. The report also discusses the impacts of COVID-19 on the market and expectations for Q2 2020.
Tech companies continue to drive growth in Austin's tight office market. Net absorption was 528,811 SF in Q2 2019 despite increasing vacancy. Rents rose to $35.74/SF citywide with several submarkets exceeding $50/SF. New supply is under construction but largely pre-leased, indicating demand will remain strong through 2020 barring economic slowdowns.
The Austin office market saw negative net absorption in Q3 2020, with vacancy rates increasing to 15.2%. Rental rates remained relatively stable but concessions are increasing. While construction remains high and demand is decreasing in the short term, Austin is still attracting companies and is well positioned to recover more quickly than other markets due to its business environment and quality of life.
The industrial real estate market in the Greater Montreal Area saw improvements in the second quarter of 2015. New industrial construction starts nearly doubled compared to the beginning of the year, signaling continued market recovery. While unemployment rose, full-time employment increased with gains in manufacturing and transportation jobs. Absorption of industrial space rose over 1 million square feet, indicating more space was leased during the quarter. The availability rate increased slightly due to new space added to the market.
The report provides key market indicators, trends and forecasting for the #Kitchener, #Waterloo and #Cambridge industrial markets, including vacancy rates, absorption, lease rates, sale prices and recent market transactions. Colliers International #Office #CRE
2019 Q4 Industrial St. Louis Report ColliersColliersSTL
The St. Louis industrial market saw record construction levels in 2019, with 6.29 million square feet completed, driven by build-to-suit projects. Notable projects included two buildings for World Wide Technology totaling 2 million square feet in the Metro East submarket. Overall vacancy rose slightly to 6.53% due to speculative construction deliveries, while rents decreased slightly and absorption remained strong at over 4.6 million square feet. The Metro East submarket accounted for over half of total vacant space but also the most construction, leasing, and positive absorption.
The document provides a market report on Silicon Valley for Q3 2010. Some key points:
- Unemployment in Silicon Valley decreased from 12.4% to 11.2% from January to September but remains high.
- Office leasing and user activity totaled 4.85 million sqft in Q3, down from 5.49 million sqft in Q2. However, over the past four quarters, total activity has measured 20.56 million sqft, surpassing forecasts.
- Availability rates rose slightly to 18.6% in Q3 but space available has plateaued at 58.4 million sqft, up only 1.9% from a year ago. The recovery has increased
The Austin office market continues to boom, with nearly 500,000 square feet of positive absorption in the first quarter of 2015 driven largely by leasing in the CBD submarket. Vacancy rates remained steady at 10% despite over 500,000 square feet of new inventory delivered. Average quoted rental rates increased slightly. Over 2.5 million square feet of new office space is under construction and expected to deliver in 2015, with another 1 million square feet planned for 2016. Google signed a lease for 207,000 square feet in a new 29-story tower expected to be completed in 2017.
North American Office Highlights 4Q 2010Coy Davidson
The U.S. office market saw a sharp drop in vacancy rates and healthy increase in occupied space in Q4 2010, though rental rates remain low. Canadian office markets also saw reasonably good growth. With improving economies and job growth in both the U.S. and Canada, the office leasing market is expected to continue strengthening in 2011.
The Kolkata office market remained subdued in 2014 with total absorption of around 1.66 million square feet, similar to 2013 levels. Demand was led by the BFSI, IT/ITES, and construction sectors. Limited supply addition of 1.14 million square feet and below-average absorption kept vacancy levels stable. Grade A office rents declined 7% year-over-year across micromarkets except one. Capital values decreased 16% year-over-year in peripheral locations but increased 3% in the CBD due to domestic investor demand. The market is expected to remain stagnant in 2015 until policy level issues are addressed.
Kolkata Office Market Overview Jan 2015Sachin Sharma
The Kolkata office market remained subdued in 2014 with total absorption of around 1.66 million square feet, similar to 2013 levels. Demand was led by the BFSI, IT/ITES, and construction sectors. Limited supply addition of 1.14 million square feet and below-average absorption kept vacancy levels stable. Grade A office rents declined 7% year-over-year across micromarkets except one. Capital values decreased 16% year-over-year in peripheral locations but increased 3% in the CBD due to domestic investor demand. The market is expected to remain stagnant in 2015 until policy level issues are addressed.
The document provides an overview and forecast of the office market in the Greater Toronto Area (GTA) in the third quarter of 2010. It finds that the GTA office market has stabilized over the past year with a vacancy rate of around 10.5% and average asking rents of $16.25-$16.35 per square foot. The forecast predicts vacancy rates will rise slightly by the end of 2010 before declining to around 6.1% by the third quarter of 2011, while average asking rents are projected to steadily increase to $16.38 per square foot.
-U.S. Office Market Was Driven by the Tech
Sector in the Fourth Quarter of 2018
-Absorption exceeds construction completions, vacancy
declines and the pipeline grows
-Tech markets tighten
-Rents rise, but the pace slows:
Cushman & Wakefield Toronto Americas Marketbeat Office Q1 2019 Guy Masse
Outlook
Given low availability, robust demand, and little relief from new
supply, the office story in Downtown Toronto is expected to remain
one of historically tight conditions and rising rental rates. On the
suburban front, availability is expected to trend upward in GTA
West as over 800,000 square feet (sf) hits the market in the second
half of 2019. GTA East will continue to see a moderate performance
with less than 200,000 sf of space tracked to become available this
year.
The Houston office market continued to contract in Q4 2020 with negative absorption of 836,140 square feet. Vacancy rates increased to 21.7% as the COVID pandemic continued to impact the market. Rental rates remained steady while landlord concessions became more aggressive. The outlook remains uncertain depending on vaccine distribution and return to office trends.
Avison Toronto office market report q2 2015 creChris Fyvie
The Greater Toronto Area office market saw positive absorption in the second quarter of 2015, led by strong performance in the suburbs. Availability across all classes fell to 11.6% as vacancy rose slightly to 9.9%. Almost 1.2 million square feet of new office space was completed during the quarter, with two-thirds of the 5.7 million square feet under construction located in Downtown Toronto. Demand remained strong from US tenants looking to expand in the market, especially downtown.
Leasing volume has been stuck in neutral for several quarters. Nevertheless, activity in the Midtown, Central Perimeter, North Fulton and Northwest remains steady with corporate relocations boosting demand as well.
JLL Louisville Industrial Outlook - Q4 2016Ross Bratcher
New construction, tenant demand keep rates at high levels. Employment challenges meet creative solutions, new political landscape. Leasing velocity remains true to historic size segments in 2016.
JLL Louisville Industrial Outlook - Q3 2016Ross Bratcher
Speculative development in River Ridge accelerates with the upcoming completion of the East End Bridge as 2.54 million square feet of space has delivered year-to-date in the submarket. Industrial employment growth receives a boost from Louisville’s “Big Three” (Ford, UPS, and GE/Haier). Developers are answering the call for new modern bulk warehouse product, construction is focused in the Southern Indiana, Airport, and Bullitt County submarkets.
The document provides an overview of the Austin office market in Q1 2020. It summarizes that the market saw 35,453 SF of negative net absorption in Q1, with large negative absorption in Class A buildings. Vacancy increased to 13.0% citywide. Rental rates increased slightly to $35.93 on average. The report also discusses the impacts of COVID-19 on the market and expectations for Q2 2020.
Tech companies continue to drive growth in Austin's tight office market. Net absorption was 528,811 SF in Q2 2019 despite increasing vacancy. Rents rose to $35.74/SF citywide with several submarkets exceeding $50/SF. New supply is under construction but largely pre-leased, indicating demand will remain strong through 2020 barring economic slowdowns.
The Austin office market saw negative net absorption in Q3 2020, with vacancy rates increasing to 15.2%. Rental rates remained relatively stable but concessions are increasing. While construction remains high and demand is decreasing in the short term, Austin is still attracting companies and is well positioned to recover more quickly than other markets due to its business environment and quality of life.
The industrial real estate market in the Greater Montreal Area saw improvements in the second quarter of 2015. New industrial construction starts nearly doubled compared to the beginning of the year, signaling continued market recovery. While unemployment rose, full-time employment increased with gains in manufacturing and transportation jobs. Absorption of industrial space rose over 1 million square feet, indicating more space was leased during the quarter. The availability rate increased slightly due to new space added to the market.
The report provides key market indicators, trends and forecasting for the #Kitchener, #Waterloo and #Cambridge industrial markets, including vacancy rates, absorption, lease rates, sale prices and recent market transactions. Colliers International #Office #CRE
2019 Q4 Industrial St. Louis Report ColliersColliersSTL
The St. Louis industrial market saw record construction levels in 2019, with 6.29 million square feet completed, driven by build-to-suit projects. Notable projects included two buildings for World Wide Technology totaling 2 million square feet in the Metro East submarket. Overall vacancy rose slightly to 6.53% due to speculative construction deliveries, while rents decreased slightly and absorption remained strong at over 4.6 million square feet. The Metro East submarket accounted for over half of total vacant space but also the most construction, leasing, and positive absorption.
The document provides a market report on Silicon Valley for Q3 2010. Some key points:
- Unemployment in Silicon Valley decreased from 12.4% to 11.2% from January to September but remains high.
- Office leasing and user activity totaled 4.85 million sqft in Q3, down from 5.49 million sqft in Q2. However, over the past four quarters, total activity has measured 20.56 million sqft, surpassing forecasts.
- Availability rates rose slightly to 18.6% in Q3 but space available has plateaued at 58.4 million sqft, up only 1.9% from a year ago. The recovery has increased
The Austin office market continues to boom, with nearly 500,000 square feet of positive absorption in the first quarter of 2015 driven largely by leasing in the CBD submarket. Vacancy rates remained steady at 10% despite over 500,000 square feet of new inventory delivered. Average quoted rental rates increased slightly. Over 2.5 million square feet of new office space is under construction and expected to deliver in 2015, with another 1 million square feet planned for 2016. Google signed a lease for 207,000 square feet in a new 29-story tower expected to be completed in 2017.
North American Office Highlights 4Q 2010Coy Davidson
The U.S. office market saw a sharp drop in vacancy rates and healthy increase in occupied space in Q4 2010, though rental rates remain low. Canadian office markets also saw reasonably good growth. With improving economies and job growth in both the U.S. and Canada, the office leasing market is expected to continue strengthening in 2011.
The Kolkata office market remained subdued in 2014 with total absorption of around 1.66 million square feet, similar to 2013 levels. Demand was led by the BFSI, IT/ITES, and construction sectors. Limited supply addition of 1.14 million square feet and below-average absorption kept vacancy levels stable. Grade A office rents declined 7% year-over-year across micromarkets except one. Capital values decreased 16% year-over-year in peripheral locations but increased 3% in the CBD due to domestic investor demand. The market is expected to remain stagnant in 2015 until policy level issues are addressed.
Kolkata Office Market Overview Jan 2015Sachin Sharma
The Kolkata office market remained subdued in 2014 with total absorption of around 1.66 million square feet, similar to 2013 levels. Demand was led by the BFSI, IT/ITES, and construction sectors. Limited supply addition of 1.14 million square feet and below-average absorption kept vacancy levels stable. Grade A office rents declined 7% year-over-year across micromarkets except one. Capital values decreased 16% year-over-year in peripheral locations but increased 3% in the CBD due to domestic investor demand. The market is expected to remain stagnant in 2015 until policy level issues are addressed.
Broward County Office Outlook - Q4 2018JLL Florida
- The Fort Lauderdale office market saw its first year of negative absorption since 2011, with a loss of 220,831 square feet. However, this is also the first year the market has seen significant new development begin.
- There is still confidence in the market going into 2019, as rents continue to rise and several large transactions late in the year will result in future occupancy gains.
- The downtown Fort Lauderdale submarket saw the groundbreaking of a new 355,000 square foot office tower called The Main, the first new office development in the CBD in over a decade. This will add supply but has also pre-leased over 90,000 square feet already.
The document provides a quarterly market report on the Greater Toronto Area office market in Q1 2016. Some key points:
- The overall vacancy rate remained stable at 4.8% while availability increased slightly to 9.8%. Rental rates increased across the region.
- Financial services continues to be the leading demand sector, focused in downtown Toronto. Engineering drives demand in western and northern GTA.
- Almost 5 million square feet of new office space is under construction, with 2 million square feet expected to be delivered in 2016.
- Downtown Toronto vacancy held steady at 2.5% while availability increased. Rents increased most significantly in downtown east and west.
- Midtown Toronto also saw steady vacancy of
Commercial Real Estate Market Overview August 2015_tcm78-50654Yirong Song
The document summarizes commercial real estate market trends from 1950-2015. It discusses the post-WWII shift from central business district (CBD) office space to suburban office space due to demographic and economic factors. Starting in the late 1990s and 2000s, CBD office demand increased as crime rates fell and millennials entered the workforce. While CBDs have generally outperformed suburbs, some technology and energy markets saw stronger suburban growth after 2008. Across property types, vacancy rates declined and prices rose from 2014-2015, though retail prices remain below 2007 levels. The industrial, apartment, and office sectors are expected to see declining vacancies and rent growth amid new supply.
With the economy growing at its fastest pace in the current cycle, employers across industries are adding jobs, especially in urban and dense markets where talent is migrating. As a result, expansionary activity remained the dominant driver of leasing in the third quarter, accounting for 57.9 percent of lease transactions.
JLL Grand Rapids Office Insight & Statistics - Q1 2018Harrison West
After a few years of steady growth, rents seems to have plateaued, while vacancies have stabilized. Conditions are likely to remain steady until the new Class A supply begins to deliver. The west side remains a hot market for both leasing and development activity, and we expect to see some tenants leaving downtown to explore opportunities in cheaper, trendier submarkets.
The West Michigan office market saw continued growth in 2015, with increased demand for space in and around the downtown Grand Rapids CBD. Vacancy rates decreased across the region over the past year. Rental rates increased in the CBD but remained stable or decreased in suburban markets. The market is forecast to continue improving in 2016, with demand expected to remain high in the CBD and vacancy rates projected to fall further.
JLL Louisville Industrial Outlook Q3 2017 Ross Bratcher
The Louisville industrial market remains strong, driven by large employers like UPS, Ford, and GE Appliances. While leasing activity has slowed slightly compared to unprecedented development, vacancy rates are projected to fall as available space is absorbed. Investment and development continue as investors are attracted to the steady fundamentals and market consistency of the Louisville area.
JLL Grand Rapids Office Insight & Statistics - Q3 2018Harrison West
Overall vacancy in the Grand Rapids metro is currently 10.2 percent, down 2.1 percent year-over-year. Asking rents downtown seem to have leveled off this year, consistently hovering around $20.00 per-square-foot each quarter and currently sitting at $20.45 per-square-foot. There are 174,000 square feet of office space under construction, most of which is in the Warner Building development, set to deliver in early 2019.
The Atlanta office market saw positive net absorption in the fourth quarter of 2010 after seven consecutive quarters of negative absorption. Vacancy rates dipped slightly but remain high, especially for Class A space. Landlords have increased concessions to attract tenants as job growth remains slow. The favorable market conditions for tenants are expected to continue through 2011.
Atlanta's office market rebounded
in the fourth quarter of 2018 after
two consecutive quarters of negative
absorption. Leasing activity well ahead
of 2017's pace allowed the market to
record the second strongest quarter of
absorption since 2015. As the market
moves in a positive direction, vacancy
rates will continue to decline while rental
rates increase at a faster pace.
Austin's industrial market saw strong leasing activity and positive net absorption in Q3 2020 despite the effects of the COVID-19 pandemic. Net absorption was 887,476 square feet as large tenants occupied significant space. The vacancy rate decreased from 9.8% to 8.2% while average rental rates slightly decreased citywide. Construction activity also remained high with over 2.3 million square feet under construction across six projects.
Austin's office market finished 2017 strongly, with Q4 net absorption of 319,028 SF bringing total 2017 absorption to 886,556 SF. Vacancy decreased to 11.5% as demand remained high, especially in the North/Domain submarket. Rental rates increased slightly citywide to $34.92/SF and more significantly in the CBD, where Class A rates rose to $50.97/SF. With limited new supply coming online, the tight market is expected to continue into 2018.
The document summarizes the West Michigan office market report for Q3 2016. It notes that parking availability is becoming a challenge in downtown Grand Rapids, with existing tenants frustrated by the lack of parking close to their buildings. This could lead some tenants to move to suburban office spaces when their leases expire. Overall the West Michigan office market remains stable, with several notable multi-tenant office building sales in Q3. Demand remains strong for fully leased office buildings throughout 2016 and 2017. Leasing activity was stable in southeast and downtown areas but increased in the southwest submarket in Q3.
Office Insight and Statistics: Fort Worth (2019-Q2)Nick Thomas
- The vacancy rate in the North Fort Worth submarket dropped nearly 10 percent, nearing the Fort Worth office market's average rate as significant leasing activity increased absorption.
- Rent growth is expected to continue as construction activity remains limited to ease demand, especially in the West/Southwest Fort Worth submarket.
- Additional large leases signed in the first half of 2019 are likely to sustain positive net absorption trends through the end of the year.
JLL West Michigan Industrial Insight & Statistics - Q1 2020Harrison West
While West Michigan market has seen historically low vacancy figures and impressive rent growth the past few years, we should expect things to slow in Q2 as the effects of the COVID-19 pandemic begin to take hold. Market fundamentals remain stable; however, given the current uncertainty, we expect leasing and sales activity to slow considerably in the near term as occupiers evaluate their current and future space needs.
Similar to Colliers toronto office leasing market report 2014 (20)
Colliers canada national market snapshot 2020 q4Chris Fyvie
• Although Q4 2020 has brought good news on the vaccine front and removing some of the overall economic uncertainty, we are not in the clear yet and some asset types will take longer to rebound than others.
• The office market continues to experience rising vacancy, predominantly due to rising downtown sublet space. This corresponds with office attendance levels, which are trending below 15% in downtowns, compared to around 30% in the suburbs.
• After a brief pause in activity earlier in the pandemic, the industrial market continued to tighten in Q4 2020. Despite some weakness in bricks and mortar and restaurant distribution as well as in experiential users, strong demand from e-commerce and grocery users drove vacancy down and rents stable.
• The first half of 2021 will remain difficult for many. However, like in 2020, as summer 2021 approaches the economy is expected to thaw. This economic rebound will pick up steam as the vaccine rollout reaches completion.
This document provides an overview of office market statistics for various submarkets in the Greater Toronto Area (GTA) for the first quarter of 2017. Key metrics reported include number of buildings, total office inventory, vacant space, vacancy rates, available space, absorption rates, and average asking rental rates. The Financial Core submarket had 94 buildings totaling 37 million square feet of office inventory, with a vacancy rate of 4.4% and average asking gross rent of $58.72 per square foot.
Downtown toronto office survey package august 25 2016Chris Fyvie
This document provides property listings for various office spaces in downtown Toronto. It includes summaries of 12 different properties, listing available suites with details on area, rent rates, and expenses. Floor plans are also included for some of the suites. The listings range in size from 2,244 square feet to 4,066 square feet and are located across the financial district. Rent rates vary between $24 to $42.75 per square foot depending on the building and suite.
WTF Properties - Toronto Office Space July availability reportChris Fyvie
This document provides property listings for various commercial real estate locations in Toronto, Ontario, including descriptions of building features and available suites. Contact information is provided for Honor Sewell and Lauren Tapp to obtain further details on lease availability and pricing. Suite sizes, availability dates, and costs per square foot are outlined for many of the properties.
Plug in to peak productivity - Colliers Spark ReportChris Fyvie
Fibre optic internet provides faster speeds and better connectivity than traditional copper broadband, improving workplace productivity. As companies increasingly adopt applications like cloud computing, big data analytics, and video conferencing that require high bandwidth, reliable internet is becoming essential for office space. However, many office buildings still lack fibre optic connectivity due to the high costs of installation. Companies looking for office space should carefully consider a building's internet infrastructure and ask questions about fibre optic availability.
Lennard commercial office space downtown torontoChris Fyvie
This document contains listings for commercial real estate properties in downtown Toronto that are available for lease, sublease or sale. They include details like location, size, rent amounts, lease terms and property highlights for office, retail and industrial spaces. Contact information is provided for representatives from Lennard Commercial Real Estate who can provide more information on the available properties.
The document provides a quarterly market report on the Greater Toronto Area (GTA) office market for Q1 2016. Some key points:
- The overall GTA vacancy rate remained unchanged at 9.9% as absorption of 1.8 million SF was offset by 1.7 million SF of new supply.
- Availability is highest in the GTA West submarket at 14.6% while tenants have many options and landlords offer incentives.
- Downtown Toronto had the largest positive absorption but vacancy increased due to new deliveries such as Bay Adelaide East. Availability is highest in the Financial Core submarket at 10.7%.
This document provides an overview and analysis of the office condo markets in Vancouver and Toronto. It finds that office condo markets in both cities have experienced significant growth in recent years, driven by increasing commercial lease rates. Owning an office condo can provide cost savings compared to leasing, as well as equity appreciation. The Vancouver market saw particularly strong growth in the Broadway Corridor, while the Toronto market saw most sales in downtown and midtown areas close to transportation. Both markets are expected to continue attracting demand from owner-occupiers and investors.
The document provides statistics on office market conditions in different submarkets in the Greater Toronto Area (GTA) during the first quarter of 2016, including:
- The Financial Core submarket had 88 buildings totaling 34.5 million square feet, with a vacancy rate of 2.4% and availability rate of 9.6%.
- The Downtown submarket had a total of 278 buildings containing 65.2 million square feet, with a vacancy rate of 2.5% and availability rate of 8.4%. It experienced a net absorption of -44,384 square feet during the quarter.
- Average asking net and gross rents in the Downtown submarket were $28.63 and $54.46 per square foot respectively
Cadillac Fairview Office Vacancy - May 2016Chris Fyvie
This document provides a summary of office space vacancies across several buildings in downtown Toronto. Contact information is provided for several leasing representatives. Availability, length of terms, and additional costs like taxes, operating expenses and utilities are specified for available space in numerous buildings, including TD Centre towers, Ernst & Young Tower, 95 Wellington Street West, Yonge Corporate Centre buildings, RBC Centre, Maple Leaf Square, 156 Front Street West, Simcoe Place and several others in the Toronto Eaton Centre portfolio. Parking rates per month are also listed.
The document discusses security deposits paid by tenants to landlords. It summarizes a court case where a tenant's secured creditor claimed priority over the landlord to a $3 million security deposit held by the landlord. The court ruled the deposit was a security deposit, not prepaid rent, so the creditor had first priority. As a result, landlords may not be entitled to security deposits if the tenant declares bankruptcy. The document suggests landlords instead require guarantees, indemnities, or letters of credit from third parties to protect their interests if a tenant becomes insolvent.
The document provides options and pricing for benching, workstation, casegoods, and seating furniture systems. For benching systems, the value option is the Bridges II starting at $850, the mid-range is the Bivi starting at $1000, and the premium option is the FrameOne starting at $1500. Similarly, options and pricing are provided for the other categories of furniture. Lead times for orders and contact information for two partner firms that can provide the furniture options are also included.
This document outlines audiovisual technology options and pricing for different room scenarios. The basic option includes sound masking for huddle rooms from $2,500. The mid-range option provides audio conferencing and large screen displays for open offices from $1.25 to $1.60 per square foot installed. The premium option includes video conferencing and touch panel controls for boardrooms from $55,000. Gio Tan Design Associates and POI Business Interiors are the firms providing these solutions and services.
The document provides cost estimates for different levels of office build outs. A basic office is estimated between $32-$42 per square foot and involves painted drywall, doors and frames, lighting and power outlets. An upgraded office is $43-$55 per square foot and includes upgrades like sound baffles and vinyl wall coverings. A premium office is $56 per square foot or more and features high quality finishes, custom millwork and premium flooring. The costs provided are estimates only and do not include items like furniture or additional fees that could increase the overall costs.
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This document provides a summary of office space vacancies across several buildings in downtown Toronto as of November 2015. Contact information is provided for brokers representing each property. Availability, size, lease terms, and additional costs like taxes and parking are outlined for numerous floors across the TD Centre, Ernst & Young Tower, 95 Wellington Street West, 156 Front Street West, and other locations. Over 500,000 square feet of office space in total is advertised as available.
This document is an availability report from Ashlar Urban Realty Inc. listing various commercial real estate spaces for office, retail, and mixed-use available for lease in Toronto. It provides details on numerous properties such as their addresses, available suites and sizes, asking rental rates, and contact information for representatives. Key contacts at Ashlar are also listed at the end.
Colliers Toronto office market report 2015 q3Chris Fyvie
This document provides a quarterly market report on the Greater Toronto Area office market. It finds that in Q3 2015, the overall vacancy rate declined slightly to 5.4% while availability decreased to 10%. Nearly 5 million square feet of new office space is under construction. Financial services is leading demand, focused in downtown, north and west GTA. The investment market saw a decrease in transactions from the previous quarter due to low supply of quality assets. The downtown submarket saw its vacancy rate decline slightly as well.
#Toronto Businesses now demanding their offices be close to accessible, rapid...Chris Fyvie
This document analyzes the relationship between rapid public transit and commercial real estate in the Greater Toronto Area (GTA). Some key findings include:
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- Major planned transit expansions over the next decade will significantly increase the amount of office space with fast access to rail networks.
- Areas like GTA West and Central East currently have weak office markets due to a lack of transit but may see opportunities from new rail projects.
This document summarizes office market trends in a particular submarket for the second quarter of 2015. Net absorption increased significantly from the previous quarter while the vacancy rate declined. The average asking rent for various office space classifications like Class AAA/A and Class B decreased slightly. Two new development projects were announced that will add over 140,000 square feet of new office and retail space to the market.
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Indore is one of the fastest-growing cities in India, with a rapidly expanding economy and a booming real estate market.
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Comprehensive Description of Homes in Cumbria Presentation
The "Homes in Cumbria" presentation provides an in-depth look at the real estate market in Cumbria, covering a wide range of topics relevant to prospective buyers and sellers. The presentation aims to explore various types of properties, property values, popular areas, and amenities, as well as offer guidance on selling properties and address frequently asked questions.
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Houses
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Flats
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Luxury Flats: High-end living spaces with premium amenities such as swimming pools, gyms, and concierge services.
Bungalows
Bungalows are explored in detail, highlighting their appeal for those seeking single-story living. Types of bungalows discussed include California bungalows, Craftsman bungalows, and English bungalows, each with distinctive design elements.
Here we will discuss the real estate investment checklist that will help you make an informed decision when investing in Indore.
Real estate investment is a popular way to grow your wealth and secure your financial future. It involves buying, owning, and managing a property for the purpose of generating income or appreciation.
Colliers toronto office leasing market report 2014
1. FALL 2013 | OFFICE
toronto ontario
COLLIERS INTERNATIONAL | MARKET REPORT
Greater Toronto Area Overview
MARKET INDICATORS
2013 Q2
*
2013 Q3
INVENTORY
NET ABSORPTION
VACANCY RATE
ASKING NET RENT
ADDITIONAL RENT
*change in comparison to previous quarter
www.colliers.com/toronto
*
Although The Greater Toronto Area office market has shown signs of softening, the
vacancy rate continues to decrease reaching record lows at 5.8 percent this quarter,
compared with 6.3 percent one year ago. The Downtown vacancy rate took a much
sharper decline, hitting an all-time low of 3.9 percent this quarter, compared with 5.1
percent at this time last year.
With the significant amount of new development on the horizon, most tenants are
trying to hit the 2016-2017 opportunistic window to renegotiate their leases or make
major real estate decisions, when vacancy is expected to near the double digits.
Many tenants who don’t have the luxury of renegotiating a lease in that time period
are trying to secure short-term extensions now in order to take advantage of that
ideal timeframe.
2. MARKET REPORT | FALL 2013 | OFFICE | TORONTO
Downtown
GTA Markets
Downtown Toronto continues to show strong
demand for office space with a very slight
change in the vacancy rate since last quarter.
The Financial Core is following a similar trend
showing a slight decline in vacancy from 4.6
percent to 4.4 percent, indicating that demand
is steady for office space in this submarket.
Tenants looking for space over 100,000 square
feet will find 5 opportunities in buildings that
are currently under construction compared
to 3 opportunities that are available in built
office properties. The 3 opportunities that are
presently being listed for built properties are a
result of Marsh Mercer and RBC pre-leasing
space in new builds. Marsh Mercer is leaving
161 Bay Street and 70 University Avenue to
relocate to 120 Bremner Boulevard which will
be completed in the third quarter of 2014.
GTA East
GTA North
Central East
Midtown
Downtown
Central North
LAKE ONTARIO
GTA West
$23.63
82,585
3.9%
DOWNTOWN
OFFICE
STATISTICS
Wgt Avg. Asking
Net Rent
Absorption 2013 Q3
Vacancy Rate
A major factor in the growth of office demand
within the Downtown core is largely due to
the growth of the Financial Services sector,
GTA | HISTORICAL PERFORMANCE & FORECAST | Q3 2003 - Q3 2014F
GTA
Net Absorption
Vacancy Rate
Asking Net Rent
25
25
FORECAST
20
15
15
10
10
5
5
-
(5)
3
4
1
2
3
2004
4
1
2
3
2005
(10)
P. 2
| COLLIERS INTERNATIONAL
4
1
2
3
2006
4
1
2
3
2007
4
1
2
3
2008
4
1
2
3
2009
4
1
2
3
2010
4
1
2
3
2011
4
1
2
3
2012
4
1
2
3
2013
4
1
2
3
2014
0
-5
-10
Asking Net Rent ($)/Vacancy Rate (%)
Net Absorption (100,000 SF)
20
3. MARKET REPORT | FALL 2013 | OFFICE | TORONTO
implementing the initial stages of The Big
Move project, a proposal to improve traffic
congestion and transit mobility as part of a
25-year, $50-billion regional plan.
which has been expanding even during the
Canadian economic recovery.
Construction has just begun at 351 King
Street East and 100 Adelaide Street West.
The Globe and Mail signed on as the lead
tenant to occupy 134,975 square feet of space
at 351 King Street East, now called the Globe
and Mail Centre. With Ernst & Young set to
occupy the top 10 floors as the lead tenant for
100 Adelaide Street West, the property name
has been changed to the E&Y Tower.
In the coming years we can expect to see
landlords of current builds focusing on
repositioning older assets to compete with
the challenges posed by new supply by either
spending capital on retrofitting older spaces
or reducing rental rates. The downtown
market continues to experience strong
business growth and positive absorption
which has resulted in historic vacancy lows
for the market. With the significant amount of
new supply on the horizon, it is expected that
vacancy rates will rise over the next several
years.
Demand has been driven by an arrival of
young professionals and residents into
the Downtown core, which is exhibited
by heavy construction in both residential
and commercial builds. With the continued
movement towards the core, infrastructure is
a major player in successfully accommodating
this growing urban landscape. The Premier
of Ontario and the Minister of Transportation
have committed $11.5 billion to begin
GTA DOWNTOWN | HISTORICAL PERFORMANCE & FORECAST | Q3 2003 - Q3 2014F
Downtown
Net Absorption
Asking Net Rent
Vacancy Rate
30
12
FORECAST
25
8
20
6
15
4
10
2
5
0
-2
3
4
1
2
3
2004
4
1
2
3
2005
4
1
2
3
2006
4
1
2
3
2007
4
1
2
3
2008
4
1
2
3
2009
4
1
2
3
2010
4
1
2
3
2011
4
1
2
3
2012
4
1
2
3
2013
4
1
2
2014
3
0
Asking Net Rent ($)/Vacancy Rate (%)
Net Absorption (100,000 SF)
10
-5
-4
-10
-6
-15
COLLIERS INTERNATIONAL |
P. 3
4. MARKET REPORT | FALL 2013 | OFFICE | TORONTO
Midtown
The Midtown market continues to see low
vacancy rates, reaching 5.0 percent this
quarter. The Yonge and Bloor Class A office
submarket vacancy rate has climbed to 6.2
percent, moderately higher than the 4.0
percent reported twelve months ago. Average
net rental rates have dropped in Class A
office space listed at $24.58 this quarter, only
a slight decrease since last quarter.
build and 50 Bloor Street West, a condo and
commercial build, both still awaiting rezoning
approval from the City of Toronto.
With the flurry of condo development
happening in the Midtown market, landlords
can hope to see an increased focus on the
construction of new office space if demand
remains strong in the coming years.
Demand for residential space in Midtown
continues to drive developer interest in new
condo construction. One Bloor East, a mixeduse skyscraper which is currently under
construction, will deliver 75 storeys of condo
space as well as a proposed 100,000 square
feet of retail space to the market by December
2014. There have also been proposals for
two new developments in the midtown
market: Casa III, a 100,000 square foot office
$17.56
25,473
5.0%
MIDTOWN
OFFICE
STATISTICS
Wgt Avg. Asking
Net Rent
Absorption 2013
Vacancy Rate
MIDTOWN | HISTORICAL PERFORMANCE & FORECAST | Q3 2003 - Q3 2014F
Midtown
Net Absorption
Asking Net Rent
Vacancy Rate
20
FORECAST
Net Absorption (100,000 SF)
3
15
2
10
1
5
0
-1
3
4
1
2
3
2004
4
1
2
3
4
2005
1
2
3
2006
4
1
2
3
2007
4
1
2
3
2008
4
1
2
3
2009
4
1
2
3
2010
4
1
2
3
2011
4
1
2
3
2012
4
1
2
3
2013
4
1
2
3
2014
0
-5
-2
-3
-15
-4
P. 4
-10
-20
| COLLIERS INTERNATIONAL
Asking Net Rent ($)/Vacancy Rate (%)
4
5. MARKET REPORT | FALL 2013 | OFFICE | TORONTO
GTA North
The GTA North market continues to
experience positive absorption with just
over 55,000 square feet this quarter, a
significant portion of which was Toshiba’s
78,774 square foot relocation to 75
Tiverton Court in the Hwy 404/Hwy 407
submarket.
Just over 60,000 square feet will be added
to the total inventory of the GTA North
market as 191 Creditview Road is set to be
complete by the end of this year, which has
been entirely pre-leased.
$15.20
55,233
5.9%
GTA NORTH
OFFICE
STATISTICS
Wgt Avg. Asking
Net Rent
Absorption 2013 Q3
Vacancy Rate
GTA NORTH | HISTORICAL PERFORMANCE & FORECAST | Q3 2003 - Q3 2014F
GTA North
Net Absorption
Asking Net Rent
Vacancy Rate
5
FORECAST
25
20
3
15
2
10
1
5
0
3
4
1
2
3
2004
4
1
2
3
2005
4
1
2
3
2006
4
1
2
3
2007
4
1
2
3
2008
4
1
2
3
2009
4
1
2
3
2010
4
1
2
3
2011
4
1
2
3
2012
4
1
2
3
2013
4
1
2
3
0
Asking Net Rent ($)/Vacancy Rate (%)
Net Absorption (100,000 SF)
4
2014
-1
-5
-2
-10
COLLIERS INTERNATIONAL |
P. 5
6. MARKET REPORT | FALL 2013 | OFFICE | TORONTO
GTA East
The GTA East market didn’t experience
much activity this quarter, which is quite
typical of this market. The vacancy rate
continues to rise and several small suites
becoming vacant contributed to the
negative absorption this quarter. The GTA
East market still proves to be a popular
destination for those requiring an industrial
component in their space.
GTA EAST
OFFICE
STATISTICS
-112,272
Absorption 2013 Q3
$12.07
Wgt Avg. Asking
Net Rent
The vacancy rate posted a significant
rise settling at 10.6 percent this quarter,
continuing to have the highest vacancy rate
of all GTA markets. At just over 5.5 million
square feet, the smallest changes within
this market can greatly affect the overall
numbers. The GTA East market offers the
lowest asking net rental rates in the GTA,
average at $12.07 and $26.89 net and gross
(respectively).
10.6%
Vacancy Rate
GTA EAST | HISTORICAL PERFORMANCE & FORECAST | Q3 2003 - Q3 2014F
GTA East
Net Absorption
Net Asking Rent
Adjusted Vacancy Rate
4
FORECAST
20
15
2
10
1
5
0
3
4
1
2
3
2004
4
1
2
3
2005
4
1
2
3
2006
4
1
2
3
2007
4
1
2
3
2008
4
1
2
3
2009
4
1
2
3
2010
4
1
2
3
2011
4
1
2
3
2012
4
1
2
3
2013
4
1
2
3
0
2014
-1
-2
-10
-3
P. 6
-5
-15
| COLLIERS INTERNATIONAL
Asking Net Rent ($)/Vacancy Rate (%)
Net Absorption (100,000 SF)
3
7. MARKET REPORT | FALL 2013 | OFFICE | TORONTO
GTA West
With the recently awarded LEED-EB Gold
certification, Mississauga Executive Centre
has proven to be popular, with Element Fleet
Management taking 48,000 square feet at 4
Robert Speck Parkway, accounting for over
70 percent of the submarket’s total absorption
this quarter.
The GTA West market posted a high positive
absorption this quarter at 161,904 square
feet, with the Mississauga City Centre and
Meadowvale submarkets being the main
contributors.
This market continues to be the ideal location
for many tenants looking to locate in the
Suburban market. Recent large transactions
in the area include SNC Lavalin, Royal Sun
Alliance, Novartis Animal Health, Russell
Metals, West 49, Price Waterhouse Coopers
and several other companies looking to
locate or expand their offices in this desirable
location.
The Burlington submarket remains especially
tight with few planned developments on the
horizon, but added tenant demand for the
area. With no big block opportunities over
20,000 square feet, and only 1 building
added to the inventory since 2010, this
market will need to build some new supply
if it intends on keeping up with its GTA West
counterparts.
There were two new developments completed
this quarter in the Oakville and Meadowvale
submarkets, adding over 110,000 square feet
to the total inventory. There are quite a few
new developments in the pipeline set to be
completed in the next few quarters, roughly
adding a little over 800,000 square feet to
the GTA West office inventory, with about 25
percent already pre-leased.
$15.39
147,676
8.2%
GTA WEST
OFFICE
STATISTICS
Wgt Avg. Asking
Net Rent
Absorption 2013 Q3
Vacancy Rate
GTA WEST | HISTORICAL PERFORMANCE & FORECAST | Q3 2003 - Q3 2014F
GTA West
Net Absorption
Asking Net Rent
Adjusted Vacancy Rate
8
FORECAST
20
15
4
10
2
5
0
3
4
1
2
3
2004
4
1
2
3
2005
4
1
2
3
2006
4
1
2
3
2007
4
1
2
3
2008
4
1
2
3
2009
4
1
2
3
2010
4
1
2
3
2011
4
1
2
3
4
2012
1
2
3
2013
4
1
2
3
0
2014
-2
-5
-4
-10
-6
Asking Net Rent ($)/Vacancy Rate (%)
Net Absorption (100,000 SF)
6
-15
COLLIERS INTERNATIONAL |
P. 7