Commercial Real Estate Toronto new office developments

1. 2014-20 1 8 THE CHANGING LANDSCAPE
NEW BUILD
31
29
28
27
26
25
24
23
21
20
19
18
17
16
15
14
12
11
10
8
7
6
5
3
120 BREMNER
BOULEVARD
GWL/BCIMC
OFFICE AREA (SF)
732,000
AVAILABLE (SF)
127,555
NEW BUILD
29
28
27
26
25
24
23
21
20
19
18
17
16
15
14
12
11
10
8
7
6
5
3
88 QUEENS
QUAY
OXFORD/CPPIB
OFFICE AREA (SF)
933,020
AVAILABLE (SF)
196,158
51
50
49
48
47
46
45
44
43
42
41
40
39
38
37
36
35
34
33
32
31
30
29
28
27
26
25
24
23
22
21
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
161 BAY
STREET
OXFORD
OFFICE AREA (SF)
1,168,206
AVAILABLE (SF)
241,202
14
13
12
11
10
9
8
7
6
5
4
3
2
1
70 UNIVERSITY
AVENUE
KGAL
OFFICE AREA (SF)
229,076
AVAILABLE (SF)
170,734
17
16
15
14
12
11
10
8
7
6
5
3
320 FRONT
STREET W
32
31
29
28
27
26
25
24
23
21
20
19
18
17
16
15
14
12
11
10
8
7
6
5
3
150 KING
STREET W
H&R REIT
OFFICE AREA (SF)
292,077
AVAILABLE (SF)
180,330
SUN LIFE
OFFICE AREA (SF)
546,308
AVAILABLE (SF)
196,593
NEW BUILD
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
134 PETER
STREET
ALLIED
OFFICE AREA (SF)
299,178
AVAILABLE (SF)
154,472
NEW BUILD
44
43
42
41
40
39
38
37
36
35
34
33
32
31
29
28
27
26
25
24
23
21
20
19
18
17
16
15
14
12
11
10
8
7
6
5
3
BAY ADELAIDE
PHASE 2
BROOKFIELD
OFFICE AREA (SF)
980,000
AVAILABLE (SF)
315,000
47
46
45
44
43
42
41
40
39
38
37
36
35
34
33
32
31
29
28
27
26
25
24
23
21
20
19
18
17
16
15
14
12
11
10
8
7
6
5
3
181 BAY
STREET
BROOKFIELD
OFFICE AREA (SF)
1,262,137
AVAILABLE (SF)
281,443
30
22
13
9
4
2
1
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
2 QUEEN
STREET E
BROOKFIELD
OFFICE AREA (SF)
472,780
AVAILABLE (SF)
157,853
5
4
3
2
1
30 WELLINGTON
STREET W
BCIMC
OFFICE AREA (SF)
88,316
AVAILABLE (SF)
88,316
68
67
66
65
64
63
62
61
60
59
58
57
56
55
54
53
52
51
50
49
48
47
46
45
44
43
42
41
40
39
38
37
36
35
34
33
32
31
29
28
27
26
25
24
23
21
20
19
18
17
16
15
14
12
11
10
8
7
6
5
3
40 KING
STREET W
DUNDEE REALTY
OFFICE AREA (SF)
1,489,948
AVAILABLE (SF)
209,284
NEW BUILD
17
16
15
14
12
11
10
8
7
6
5
3
351 KING
STREET E
FIRST GULF
OFFICE AREA (SF)
500,000
AVAILABLE (SF)
335,165
NEW BUILD
35
34
33
32
31
29
28
27
26
25
24
23
21
20
19
18
17
16
15
14
12
11
10
8
7
6
5
3
1 YORK
STREET
MENKES/HOOPP
OFFICE AREA (SF)
800,000
AVAILABLE (SF)
320,000
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
1 TORONTO
STREET
INVESTORS GROUP
OFFICE AREA (SF)
344,595
AVAILABLE (SF)
97,636
NEW BUILD
40
39
38
37
36
35
34
33
32
31
29
28
27
26
25
24
23
21
20
19
18
17
16
15
14
12
11
10
8
7
6
5
3
100 ADELAIDE
STREET W
OXFORD
OFFICE AREA (SF)
900,000
AVAILABLE (SF)
537,000
36
35
34
33
32
31
30
29
28
27
26
25
24
23
22
21
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
130 KING
STREET W
BROOKFIELD
OFFICE AREA (SF)
1,039,187
AVAILABLE (SF)
148,768
32
31
30
29
28
27
26
25
24
23
22
21
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
222 BAY
STREET
CADILLAC FAIRVIEW
OFFICE AREA (SF)
576,383
AVAILABLE (SF)
269,626
8
7
6
5
4
3
2
1
14
12
11
10
8
7
6
5
3
DOWNTOWN TORONTO FORECAST - PROJECTED VACANCY 2014-2018
30
22
13
9
4
2
1
16
15
14
12
11
10
8
7
6
5
3
200 WELLINGTON
STREET W
OXFORD
OFFICE AREA (SF)
323,295
AVAILABLE (SF)
171,703
13
9
4
2
1
3.6%
4.2%
5.8%
6.2%
6.0% 5.6%
5.1%
6.0%
6.6%
7.7%
8.0%
7.9%
8.3% 8.6% 8.5%
8.1%
7.7%
10.0%
9.0%
8.0%
7.0%
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
2,000,000
1,500,000
1,000,000
500,000
-
(500,000)
72
71
70
69
68
67
66
65
64
63
62
61
60
59
58
57
56
55
54
53
52
51
50
49
48
47
46
45
44
43
42
41
40
39
38
37
36
35
34
33
32
31
29
28
27
26
25
24
23
21
20
19
18
17
16
15
14
12
11
10
8
7
6
5
3
2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2
New Supply (SF) Absorption (SF) Current Qtr Vacancy Rate
30
22
13
9
4
2
1
30
22
13
9
4
2
1
13
9
4
2
1
30
22
13
9
4
2
1
30
22
13
9
4
2
1
30
22
13
9
4
2
1
New Supply (SF) Absorption (SF) Current Qtr Vacancy Rate
30
22
13
9
4
2
1
100 KING
STREET W
BROOKFIELD
OFFICE AREA (SF)
2,158,274
AVAILABLE (SF)
276,775
30
22
13
9
4
2
1
2014
2015
2016
2017
13
9
4
2
1
145 WELLINGTON
STREET W
H&R REIT
OFFICE AREA (SF)
169,120
AVAILABLE (SF)
120,000
310 FRONT
STREET W
H&R REIT
OFFICE AREA (SF)
113,240
AVAILABLE (SF)
57,808
13
9
4
2
1