A snapshot of the key market indicators, trends and forecasting for the Brantford industrial market, including vacancy rates, absorption, lease rates, sale prices and recent market transactions.
2. Notable Lease Transactions
ADDRESS TYPE
APPROXIMATE
SIZE (SF)
1. 99 Savannah Oaks Drive Headlease 200,516
2. 17 Woodyatt Drive Headlease 20,770
3. 121 Roy Boulevard Headlease 20,230
Notable Sale Transactions
PURCHASER & ADDRESS PRICE
APPROXIMATE
SIZE (SF)
4.
Air Conditioning Canada
70 Morton Avenue
$3,500,000 52,183
5.
Tomlinson Systems Inc.
59 Roy Boulevard
$1,550,000 25,808
6.
BML Multi Trades
32 Ryan Place
$1,430,000 22,476
Upcoming New Inventory
ADDRESS COMPLETION
APPROXIMATE
SIZE (SF)
7. 10B Abbott Court Q2 2016 61,631
8. 40 Fenridge Court Q2/Q3 2016 63,000
9. 333 Henry Street Q2/Q3 2016 43,000
10. 355 Henry Street Q4 2016 32,000
7
Notable Lease Notable Sale New Supply
1
6
Summary Statistics
Brantford Industrial Market 2016 Q1 Trend
Industrial Inventory 20,654,261
Net Absorption -2,298
Vacancy Rate 3.82%
Average Asking Net Rent
(Per Square Foot)
$4.11
2
Research & Forecast Report | First Quarter 2016 | Brantford / Industrial | Colliers International
Current Performance and Forecast
(60,000)
(40,000)
(20,000)
0
20,000
40,000
60,000
80,000
100,000
120,000
3.0%
3.2%
3.4%
3.6%
3.8%
4.0%
Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017
Net Absorption New Supply Vacancy Rate
8
5
3
9&10
4
City of Brantford
Brantford’s industrial market continues to grow and benefit from
its strong workforce and proximity to Highway 403, providing
good access to other nearby markets. Brantford industrial
growth tends to be quite cyclical with the market vacillating
between boom and bust phases; much of the growth tends to
be a result of lower cost options compared to alternatives in
the GTA and Region of Waterloo markets. The City’s history
of developing and offering serviced industrial sites has played
an important role in attracting new business to Brantford and
shaping the steady improvement that we’ve seen over the past
15 years.
Trends
>> The industrial vacancy rate in Brantford is among the lowest
in Southwestern Ontario.
>> Industrial building construction has resumed in Brant County;
approximately 435,000 SF of new space (including additions
to existing facilities) is either under construction or has been
recently completed.
>> Positive leasing activity and demand for purchase
opportunities has resulted in limited availability.
>> New speculative developments will push vacancy up over the
next two quarters.