commercial real estate toronto, office space toronto

1. Office Submarket Dashboard | Midtown: Yonge-Bloor
Fourth Quarter 2011
Submarket Snapshot
Q3 2011 Q4 2011 Trend
Office Inventory 9,599,201 9,546,235 
Net Absorption 19,437 478,296  MAP
Vacancy Rate 3.8% 3.5% 
Availability Rate 5.6% 5.6% 
Average Asking Net Rent $17.22 $18.30 
Average Additional Rent $19.41 $18.84 
Average Asking Gross Rent $36.63 $37.13 
Available Supply Split & Gross Rent
Not Available Space Direct Available
Sublease Available Gross Rent
24 Month Trend
Class AAA/A
Absorption Vacancy Rate Average Net Rent
3,000 $50.00
600 30 Thousands (SF) $43.47
2,500 $40.00
Asking Net Rent ($) / Vacancy Rate (%)
2,000
400 20 $30.00
1,500
$18.30 $20.00
Thousands (SF)
1,000
200 10 $10.00
500
3.5%
0 $0.00
0 0 2010 2010 2010 2010 2011 2011 2011 2011
2010 2010 2010 2010 2011 2011 2011 2011 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
-200 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 -10
-400 -20 Class B
6,000 $35.56 $40.00
-600 -30 5,000
$30.00
4,000
Thousands (SF)
3,000 $20.00
New Developments Update 2,000
$10.00
1,000
No new development updates at this time.
0 $0.00
2010 2010 2010 2010 2011 2011 2011 2011
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Class C
2,000 $40.00
$32.31
1,500 $30.00
Thousands (SF)
1,000 $20.00
500 $10.00
0 $0.00
2010 2010 2010 2010 2011 2011 2011 2011
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
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