RETechTO Presentation Oct 26 09 - Chris Fyvie From Colliers Int'l

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Presentation given at Real Estate Technology Toronto Meetup on October 26, 2009 by Chris Fyvie from Colliers International.

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RETechTO Presentation Oct 26 09 - Chris Fyvie From Colliers Int'l

  1. 1. Toronto Commercial Real Estate Market Update Chris Fyvie Sales Representative 416.643.3713 Chris. Fyvie@colliers.com @chris.fyvie - Twitter
  2. 2. Realty: <ul><li>Downtown vacancy rate @ 5.2% </li></ul><ul><li>Financial Core vacancy rate @ 3.5% </li></ul><ul><li>Faltering demand </li></ul><ul><li>Rising vacancy </li></ul><ul><li>Downward pressure on rent </li></ul><ul><li>Covenant of Rising Concern </li></ul>In the News:
  3. 3. <ul><li>70% of the new A Class office space has been pre-leased and state-of-the-art buildings are in high demand </li></ul>Realty: <ul><li>New A Class buildings in the Financial Core will drive the market down </li></ul>In the News:
  4. 4. <ul><li>4.7 million square feet – new inventory </li></ul><ul><li>70% pre-leased = 1.41 million square feet coming to market </li></ul><ul><li>Current vacancy 7.22 million = 10.5% vacancy Inventory 68.83 million </li></ul><ul><li>Adding the new buildings and assuming a flat absorption rate </li></ul><ul><li> 7.22 million + 1.41 million = 8.63 % 68.83 million + 4.70 million 73.53% </li></ul><ul><li>= 11.7% vacancy rate </li></ul>
  5. 5. MARKET CONFIDENCE AMONG LANDLORDS
  6. 6. NUMBERS ARE VERY SIMILAR TO THE LOW IN 1992
  7. 7. Marketing Sites - Enrich Social Bookmarking - Remote Classifieds - Advertising Social Networks - Engage

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