Ye submarket dashboard q2 2010
•
0 likes•140 views
office space toronto, toronto office space, office search toronto, office space in toronto, office rentals toronto, commercial office space, commercial real estate toronto, office rent toronto, toronto offices for lease
Recommended
Recommended
More Related Content
More from Chris Fyvie
More from Chris Fyvie (20)
Recently uploaded
Recently uploaded (20)
Ye submarket dashboard q2 2010
- 1. Office Submarket Dashboard: Yonge & Eglington Office Submarket Dashboard: Yonge & Eglinton Q2 2010 Q2 2010 SUBMARKET INDICATORS MAP OF SUBMARKET Q1 2010 Q2 2010 Trend 401 y4 y4 ay 4 y4 011 01 1 NY NY way hw a hw hww Office Inventory* 4,776,848 4,776,848 ⊳ Hig Hig Hig Hig H ig H Brooke Avenue Brooke Avenue Brooke Avenue Brooke Avenue Brooke Avenue Brooke Avenue AVAILABLE SPACE OPTIONS Number of units Net Absorption (50,165) (20,141) on the # of units** submarket by Vacancy Rate 7.7% 8.6% Lawrence Avenue West Lawrence Avenue West Lawrence Avenue West Lawrence Avenue West Lawrence Avenue West Lawrence Avenue West size brackets Mount Pleasant Road Mount Pleasant Road Mount Pleasant Road Mount Pleasant Road Mount Pleasant Road Mount Pleasant Road Yonge Str eet eet Yonge Street eet YD YD et Average Asking Net Rent $15.11 $15.06 0 - 4k SF 87 Bathurst Street et Bathurst Street et Yonge Str Yonge Str Bathurst Stre Bathurst Stre Bathurst Stre YE YE Average Additional Rent $18.08 $17.99 4k - 10k SF 12 Avenue Road Avenue Road Avenue Road Avenue Road Avenue Road Avenue Road *Office Inventory: For the purpose of this report, buildings with less than 10,000 SF of office space and buildings owned and occupied by the DO DO government have not been included in the office inventory. There are 58 office buildings surveyed in the GTA office region. 10k - 20k SF 24 Eglinton Avenue West Eglinton Avenue West Eglinton Avenue West Eglinton Avenue West Eglinton Avenue West Eglinton Avenue West Eglinton Avenue East Eglinton Avenue East Eglinton Avenue East Eglinton Avenue East Eglinton Avenue East Eglinton Avenue East Bayview Avenue Bayview Avenue Bayview Avenue Bayview Avenue 20 - 50k SF 1 AVAILABLE SUPPLY SPLIT Laird Drive Laird Drive Laird Drive Laird Drive Laird Laird Laird Drive Laird Drive Laird Laird Laird Laird Direct Sublease Sublease as % of Total Available 50k - 100k SF 0 TW TW 600 60% Lonsdale Road Lonsdale Road Lonsdale Road Lonsdale Road Lonsdale Road Lonsdale Road 100k SF + 0 500 50% ** Counting smallest divisible units in existing buildings and buildings 0 0 0.5 0.5 1 1 St. Clair Avenue West St. Clair Avenue West St. Clair Avenue West St. Clair Avenue West St. Clair Avenue West YS YS under construction. 40% kilometers kilometers 400 YB YB SF (1,000's) 30% RECENT TRANSACTIONS Q2 2010 300 20% TOP Office Lease Transactions by Size 200 Address Suite SF Landlord 10% 100 1 Eglinton Avenue E, Toronto 800 13,877 Davpart Incorporated 0% TOP Office Sale Transactions by Price 0 -10% Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Date Address Price Vendor Purchaser Size $/PSF Churchill Khalid Alenazi Real 4/30/2010 40 Holly Street $14,000,000 70,331 199 GROSS RENT & AVAILABILITY BY BUILDING CLASS Investments Estate Limited Ltd. Avail. Office Space Not Avail. Office Space Gross Rent OCCUPIED SPACE BY MAJOR BUSINESS CATEGORIES $40 2,500 $35 $36.43 $30.95 2,000 Professional $30 Services $25 Finance 26% 1,500 SSF (1,000's) 13% Gross Rent $/SF $20 $24.35 $15 1,000 Manufacturing & Distribution $10 16% 500 $5 $- - Data,Publishing, Public Service & Broadcasting Private Sector Class A Class B Class C Others Services Services Note: Not available office space (light blue) and available office space (dark blue) add up to the total inventory of office space in the 8% 3% respective building class. 34% 18 MONTH TREND Absorption Asking Net Rent Vacancy Rate $15.06 TOP PROJECTS UNDER CONSTRUCTION BY SIZE 15 11.0% Address Developer SF Anchor Tenant Est. Com. 8.6% Net Rent $/SF / Absorption (10,000's) 11 9.0% No construction took place during this period. 7 7.0% SUBMARKET CHARACTERISTICS Vacancy Rate * Lively urban area with a great mix of uses with lower real estate costs than in the core. 3 5.0% * Several recent residential densification projects e.g. Minto Towers on Yonge Street will re-enforce great proximity to diversified labour pool. -1 3.0% * Easy access to public transit (subway and buses). Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 * Multiple amenities and services add convenience for employees and customers. * Node has been identified as an “Urban Growth Centre” by the -5 1.0% Provincial Government’s Growth Plan for the Greater Golden Horseshoe - activities along those lines will re-energize this area so it will remain a vibrant and successful area of the -9 -1.0% city. -13 -3.0% Source: Colliers International, Q2 2010 Information contained herein has been obtained from the owners or other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice. All numbers reported use the most accurate information available at the time of publishing, however we acknowledge that there may be marginal changes over time as more accurate information becomes available. Colliers Macaulay Nicolls (Ontario) Inc., Brokerage.