The U.S. office market posted modest growth in Q3 2011 with slightly higher demand and lower vacancy. However, the much anticipated recovery has not materialized due to uncertainty in the domestic and global economies. With only modest economic growth, rents are unlikely to change significantly in the next year. Canadian markets fared better this quarter but future growth is expected to remain sluggish given uncertainty in Europe. Office vacancies will continue to gradually decline but oversupply will persist in many markets.
North American Office Highlights 2Q 2011Coy Davidson
The U.S. office market saw a modest rebound in Q2 with higher demand and slightly lower vacancy compared to Q1. However, the recovery remains subdued as rents continued to decline slightly. The Canadian office market performed better with stronger economic and job growth. While the U.S. and Canadian economies are projected to improve in the second half of 2011, forecasts made earlier in the year now appear overly optimistic given recent weak job numbers and high energy costs, which could dampen corporate expansion plans.
North American Office Highlights 1Q 2011Coy Davidson
The U.S. office market began 2021 on a soft note with modest growth in occupied space and little change in vacancy rates. Rents increased slightly for the first time in three years in both downtown and suburban areas. While the economic recovery is ongoing, higher energy costs may impact demand for office space. The outlook remains uncertain as employment growth has been lackluster. Canadian office markets performed better in Q1 backed by a strong economy and job market. Both U.S. and Canadian economies are expected to see gains in 2021, but rising energy prices pose a risk to business expansion and inflation.
North American Office Highlights 2Q 2010Coy Davidson
The office market in North America showed signs of stabilizing in Q2 2010. Vacancy rates rose slightly in both the US and Canada, but the increases were relatively small. Demand was mixed with the US seeing slightly positive absorption and Canada seeing more substantial growth. With economic growth in Q2 and continued labor market stabilization, office markets are expected to continue gradual improvement through mid-2011. The quarter affirmed the transition from dramatically rising vacancies and falling rents to more modest movements, with a possible reversal in coming quarters.
North American Office Highlights 4Q 2010Coy Davidson
The U.S. office market saw a sharp drop in vacancy rates and healthy increase in occupied space in Q4 2010, though rental rates remain low. Canadian office markets also saw reasonably good growth. With improving economies and job growth in both the U.S. and Canada, the office leasing market is expected to continue strengthening in 2011.
The U.S. industrial market showed signs of strength in Q3 2011, with vacancies dropping in most markets and net absorption remaining high. While warehouse rents continued to decrease, demand for warehouse space is expected to remain steady due to growth in the manufacturing sector and exports. The industrial market is projected to slowly balance out supply and demand over the next few quarters without a sharp change, as construction remains low.
The document provides an analysis of trends in the U.S. office sector for the first quarter of 2012. Some key points:
- Vacancy rates declined slightly to 15.9% as job growth filled some empty space, though absorption was lower than expected given job growth.
- Rents increased in most markets but the recovery is uneven, with strong growth in cities like San Francisco and declines in others like Phoenix.
- Investment sales accelerated in early 2012 compared to last year, with prices holding steady on average though skewed by high-priced coastal markets.
- The outlook is for continued moderate economic and office sector growth over 2012, but risks like high oil prices could derail the recovery
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C&W - MONTREAL OFFICE MARKETBEAT - Q4 2012 Guy Masse
The Montreal office market saw slowing growth in Q4 2012, with overall absorption dropping slightly to -15,000 square feet due to large blocks of vacant space returning to the market. However, vacancy rates remained steady at 7.7% overall and 6.7% direct. Suburban office markets performed better than the downtown core, with over 160,000 square feet of positive absorption offsetting increased vacancies downtown. Looking ahead, nearly 750,000 square feet of new downtown construction is expected to alleviate class A space shortages while stable rental rates and expanding suburban options will boost future leasing activity.
North American Office Highlights 2Q 2011Coy Davidson
The U.S. office market saw a modest rebound in Q2 with higher demand and slightly lower vacancy compared to Q1. However, the recovery remains subdued as rents continued to decline slightly. The Canadian office market performed better with stronger economic and job growth. While the U.S. and Canadian economies are projected to improve in the second half of 2011, forecasts made earlier in the year now appear overly optimistic given recent weak job numbers and high energy costs, which could dampen corporate expansion plans.
North American Office Highlights 1Q 2011Coy Davidson
The U.S. office market began 2021 on a soft note with modest growth in occupied space and little change in vacancy rates. Rents increased slightly for the first time in three years in both downtown and suburban areas. While the economic recovery is ongoing, higher energy costs may impact demand for office space. The outlook remains uncertain as employment growth has been lackluster. Canadian office markets performed better in Q1 backed by a strong economy and job market. Both U.S. and Canadian economies are expected to see gains in 2021, but rising energy prices pose a risk to business expansion and inflation.
North American Office Highlights 2Q 2010Coy Davidson
The office market in North America showed signs of stabilizing in Q2 2010. Vacancy rates rose slightly in both the US and Canada, but the increases were relatively small. Demand was mixed with the US seeing slightly positive absorption and Canada seeing more substantial growth. With economic growth in Q2 and continued labor market stabilization, office markets are expected to continue gradual improvement through mid-2011. The quarter affirmed the transition from dramatically rising vacancies and falling rents to more modest movements, with a possible reversal in coming quarters.
North American Office Highlights 4Q 2010Coy Davidson
The U.S. office market saw a sharp drop in vacancy rates and healthy increase in occupied space in Q4 2010, though rental rates remain low. Canadian office markets also saw reasonably good growth. With improving economies and job growth in both the U.S. and Canada, the office leasing market is expected to continue strengthening in 2011.
The U.S. industrial market showed signs of strength in Q3 2011, with vacancies dropping in most markets and net absorption remaining high. While warehouse rents continued to decrease, demand for warehouse space is expected to remain steady due to growth in the manufacturing sector and exports. The industrial market is projected to slowly balance out supply and demand over the next few quarters without a sharp change, as construction remains low.
The document provides an analysis of trends in the U.S. office sector for the first quarter of 2012. Some key points:
- Vacancy rates declined slightly to 15.9% as job growth filled some empty space, though absorption was lower than expected given job growth.
- Rents increased in most markets but the recovery is uneven, with strong growth in cities like San Francisco and declines in others like Phoenix.
- Investment sales accelerated in early 2012 compared to last year, with prices holding steady on average though skewed by high-priced coastal markets.
- The outlook is for continued moderate economic and office sector growth over 2012, but risks like high oil prices could derail the recovery
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C&W - MONTREAL OFFICE MARKETBEAT - Q4 2012 Guy Masse
The Montreal office market saw slowing growth in Q4 2012, with overall absorption dropping slightly to -15,000 square feet due to large blocks of vacant space returning to the market. However, vacancy rates remained steady at 7.7% overall and 6.7% direct. Suburban office markets performed better than the downtown core, with over 160,000 square feet of positive absorption offsetting increased vacancies downtown. Looking ahead, nearly 750,000 square feet of new downtown construction is expected to alleviate class A space shortages while stable rental rates and expanding suburban options will boost future leasing activity.
Colliers International: Retail Highlights Fall 2010Coy Davidson
This document provides a summary of retail market conditions in the United States in Fall 2010. It finds that after a challenging period, most shopping centers are starting to show rising occupancy and stabilizing rents as the economy expands and consumer confidence increases. However, the retail landscape still exhibits disappointing fundamentals overall. Some segments like regional malls and grocery-anchored centers are performing better, while power centers and lifestyle centers continue struggling with high vacancy rates. With little new construction, vacancy rates may modestly decline for the weaker formats.
San Francisco Office Market Report Q4, 2009jonallenwgc77
The San Francisco office market recorded 366,965 square feet of negative absorption in Q4 2009, pushing the overall vacancy rate to 14.8%. Asking rents for Class A trophy buildings averaged $50 per square foot gross at year-end, down from nearly $85 in late 2007. Significant leases included Levi Strauss & Co. renewing 354,797 square feet at 1155 Battery Street and Del Monte Foods taking 152,917 square feet at 1 Maritime Plaza. In terms of investment sales, 550 Terry Francois Boulevard sold for $379 per square foot.
The Columbus office market gained 195,000 square feet of positive absorption in Q3 2011, marking the second consecutive quarter of growth. Vacancy rates decreased slightly to 12.8% from 13.0% in the previous quarter. Notable leasing activity included JP Morgan Chase filling 72,588 square feet at 1000 Polaris Parkway. Construction continued on projects such as NetJets' 140,000-square-foot building and Water's Edge II in New Albany. The unemployment rate in Columbus remained steady at 8.2% in July.
Toll Brothers reported strong financial results for the first quarter of 2005, with record net income of $110.2 million, revenues of $999.1 million, and contracts of $1.44 billion. The company's backlog also increased 66% to a record $4.89 billion. Due to this continued strong demand and growth, Toll Brothers increased its projections for net income growth in fiscal year 2005 to approximately 60% over 2004, and for fiscal year 2006 to approximately 20% over 2005. The company believes it is well-positioned for continued growth due to its large land position, attractive markets, product diversity, and respected brand in the luxury home market.
Colliers North American Industrial Highlights 4Q-11Coy Davidson
The document summarizes industrial real estate market trends in the United States for Q4 2011. Some key points:
- US industrial vacancy is projected to drop gradually through 2012, falling below 8.9% by Q4 2012 due to continued absorption and low construction levels.
- Absorption in Q4 2011 was the highest recorded since the recovery began at 41.3 million square feet.
- Speculative construction is expected to increase in primary and select secondary markets in 2012.
The Metro Detroit industrial market decreased its vacancy rate to 13.2% in the fourth quarter of 2011, marking the fourth consecutive quarter of vacancy decreases. Net absorption was positive at 2.86 million square feet. The average asking rental rate slightly decreased to $4.18 per square foot. With continued vacancy decreases expected in 2012, rental rates may stabilize. The market consists of 493.7 million square feet across 9,823 buildings that are home to automotive, transportation, biomedical and advanced manufacturing industries.
Colliers St. Louis 1Q20 Industrial Market SnapshotColliersSTL
Healthy Start but Impact of COVID-19 Remains to be Seen
The St. Louis industrial market started 2020 strong with positive absorption, a healthy construction pipeline and a historically low vacancy rate. However, it is unclear what impact COVID-19 shutdown will have on the industrial sector. Nevertheless, the supply chain, especially for consumer goods, is working hard to keep up with demand. Until the stay-at-home orders have ceased and governments and companies figure out how to best operate in this environment, commercial real estate experts are working with occupiers and building owners to ensure that they can continue to operate when possible and be able to bounce back when able.
This 6,500 square foot commercial property located at 277 Richmond Street West in Toronto is available for lease. It is situated in a group of Victorian row houses that have been converted into boutique office suites. The unique building contains open and bright offices across three floors totaling 6,500 square feet. It has been fully retrofitted while maintaining the original architectural charm, featuring exposed brick, high ceilings, and abundant natural light. The property manager is Scott Wood and inquiries can be directed to him at (416) 598-3345.
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This document advertises commercial lease opportunities for space at two adjacent buildings. The first building offers space on the 1st floor totaling 2,232 square feet for lease at $26.50 per square foot plus utilities. The second building offers the entire 4th floor consisting of 6,000 square feet for lease with a bonus commission structure. Contact information is provided for two representatives.
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Lennard welcomes two new agents, Joseph Wise and David Cape, to its growing team. The document provides contact details for agents in Lennard's Downtown Toronto and Mississauga offices. It also lists available commercial real estate listings, including office, retail, industrial, and investment properties in both locations.
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North American Office Highlights 4Q 2011Coy Davidson
The document summarizes office market trends in North America for Q4 2011. It predicts that the US office market will see steady absorption of space in 2012, with a pickup in 2013, as domestic growth offsets a potential Eurozone recession. Vacancy rates will continue to decline between 0.5-0.7% by the end of 2012, while demand for Class A CBD space and strong markets like Houston and Silicon Valley will allow landlords to raise rents and reduce concessions. However, maturing CMBS debt will force some sales and limit price growth through 2013. Overall, private sector job growth will fuel modest absorption through 2012.
North American Industrial Highlights 4Q 2010Coy Davidson
The U.S. industrial market finished 2010 strongly, with positive absorption in most regions and declining vacancy. Vacancy fell 0.22% in Q4 to 10.74% nationally as demand increased. Absorption was 28.6 million square feet in Q4 while new construction was only 9.4 million square feet. Rents fell slightly to $4.60 per square foot due to new supply coming online. With continued economic and manufacturing growth expected in 2011, demand for warehouse space is projected to keep rising through the year.
North American Office Highlights Q1 2012Coy Davidson
The office market demand is shifting away from FIRE (Finance, Insurance, and Real Estate) industries toward ICEE (Intellectual Capital, Energy, and Education) industries. This has benefited cities with strong ICEE industry concentrations like Houston, Calgary, Toronto, Seattle, Baltimore, Washington DC, Raleigh, Austin, and Denver which have seen increased office absorption. Markets dependent on FIRE industries like Los Angeles, Atlanta, and parts of New Jersey and Chicago have seen declining demand. While the national office market recovery remains slow, select large markets with strong ICEE presences have seen more robust demand and lower vacancy rates.
The office market demand is shifting away from FIRE (Finance, Insurance, and Real Estate) industries toward ICEE (Intellectual Capital, Energy, and Education) industries. This shift has benefited cities with strong ICEE industry concentrations like Houston, Calgary, Toronto, Seattle, Baltimore, Washington DC, Raleigh, Austin, and Denver which have seen increased office demand and absorption. The recovery in the overall office market remains slow as uncertainties in the economy are keeping businesses cautious about expanding and leasing offices. While the national vacancy rate improved slightly, rental rates only increased marginally and a more robust recovery is still needed.
The retail real estate market is faring better than two years ago but still faces many challenges. While retail sales have increased over the past year, the gains have been uneven, with discount and high-end retailers thriving while mid-range retailers continue to struggle due to stagnant wages, high gas prices, and lackluster job growth. Consumer confidence, as measured by an index, remains below healthy levels, indicating consumers remain cautious in their spending. Vacancy rates remain elevated but are expected to decline in coming quarters as demand gradually increases.
The Tampa Bay Florida office market saw slow gains in the second quarter of 2012, with leasing activity edging up. While there was no swift rebound, vacancy rates declined from the previous quarter and year. Rental rates remained flat or down slightly in the first half of the year. Leasing activity is expected to remain steady in the second half, though not at a significant level as many businesses have adopted a wait-and-see approach locally and nationally.
The Metro Detroit office market saw slight improvements in the fourth quarter of 2010. Net absorption was positive 924,996 square feet and vacancy rates decreased to 19%. Rental rates increased slightly to $18.77 per square foot. Construction remains low as the real estate market continues to recover from the economic downturn. Challenges remain for commercial property owners as high vacancies persist through 2011.
Colliers International: Retail Highlights Fall 2010Coy Davidson
This document provides a summary of retail market conditions in the United States in Fall 2010. It finds that after a challenging period, most shopping centers are starting to show rising occupancy and stabilizing rents as the economy expands and consumer confidence increases. However, the retail landscape still exhibits disappointing fundamentals overall. Some segments like regional malls and grocery-anchored centers are performing better, while power centers and lifestyle centers continue struggling with high vacancy rates. With little new construction, vacancy rates may modestly decline for the weaker formats.
San Francisco Office Market Report Q4, 2009jonallenwgc77
The San Francisco office market recorded 366,965 square feet of negative absorption in Q4 2009, pushing the overall vacancy rate to 14.8%. Asking rents for Class A trophy buildings averaged $50 per square foot gross at year-end, down from nearly $85 in late 2007. Significant leases included Levi Strauss & Co. renewing 354,797 square feet at 1155 Battery Street and Del Monte Foods taking 152,917 square feet at 1 Maritime Plaza. In terms of investment sales, 550 Terry Francois Boulevard sold for $379 per square foot.
The Columbus office market gained 195,000 square feet of positive absorption in Q3 2011, marking the second consecutive quarter of growth. Vacancy rates decreased slightly to 12.8% from 13.0% in the previous quarter. Notable leasing activity included JP Morgan Chase filling 72,588 square feet at 1000 Polaris Parkway. Construction continued on projects such as NetJets' 140,000-square-foot building and Water's Edge II in New Albany. The unemployment rate in Columbus remained steady at 8.2% in July.
Toll Brothers reported strong financial results for the first quarter of 2005, with record net income of $110.2 million, revenues of $999.1 million, and contracts of $1.44 billion. The company's backlog also increased 66% to a record $4.89 billion. Due to this continued strong demand and growth, Toll Brothers increased its projections for net income growth in fiscal year 2005 to approximately 60% over 2004, and for fiscal year 2006 to approximately 20% over 2005. The company believes it is well-positioned for continued growth due to its large land position, attractive markets, product diversity, and respected brand in the luxury home market.
Colliers North American Industrial Highlights 4Q-11Coy Davidson
The document summarizes industrial real estate market trends in the United States for Q4 2011. Some key points:
- US industrial vacancy is projected to drop gradually through 2012, falling below 8.9% by Q4 2012 due to continued absorption and low construction levels.
- Absorption in Q4 2011 was the highest recorded since the recovery began at 41.3 million square feet.
- Speculative construction is expected to increase in primary and select secondary markets in 2012.
The Metro Detroit industrial market decreased its vacancy rate to 13.2% in the fourth quarter of 2011, marking the fourth consecutive quarter of vacancy decreases. Net absorption was positive at 2.86 million square feet. The average asking rental rate slightly decreased to $4.18 per square foot. With continued vacancy decreases expected in 2012, rental rates may stabilize. The market consists of 493.7 million square feet across 9,823 buildings that are home to automotive, transportation, biomedical and advanced manufacturing industries.
Colliers St. Louis 1Q20 Industrial Market SnapshotColliersSTL
Healthy Start but Impact of COVID-19 Remains to be Seen
The St. Louis industrial market started 2020 strong with positive absorption, a healthy construction pipeline and a historically low vacancy rate. However, it is unclear what impact COVID-19 shutdown will have on the industrial sector. Nevertheless, the supply chain, especially for consumer goods, is working hard to keep up with demand. Until the stay-at-home orders have ceased and governments and companies figure out how to best operate in this environment, commercial real estate experts are working with occupiers and building owners to ensure that they can continue to operate when possible and be able to bounce back when able.
This 6,500 square foot commercial property located at 277 Richmond Street West in Toronto is available for lease. It is situated in a group of Victorian row houses that have been converted into boutique office suites. The unique building contains open and bright offices across three floors totaling 6,500 square feet. It has been fully retrofitted while maintaining the original architectural charm, featuring exposed brick, high ceilings, and abundant natural light. The property manager is Scott Wood and inquiries can be directed to him at (416) 598-3345.
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This document advertises commercial lease opportunities for space at two adjacent buildings. The first building offers space on the 1st floor totaling 2,232 square feet for lease at $26.50 per square foot plus utilities. The second building offers the entire 4th floor consisting of 6,000 square feet for lease with a bonus commission structure. Contact information is provided for two representatives.
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Lennard welcomes two new agents, Joseph Wise and David Cape, to its growing team. The document provides contact details for agents in Lennard's Downtown Toronto and Mississauga offices. It also lists available commercial real estate listings, including office, retail, industrial, and investment properties in both locations.
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North American Office Highlights 4Q 2011Coy Davidson
The document summarizes office market trends in North America for Q4 2011. It predicts that the US office market will see steady absorption of space in 2012, with a pickup in 2013, as domestic growth offsets a potential Eurozone recession. Vacancy rates will continue to decline between 0.5-0.7% by the end of 2012, while demand for Class A CBD space and strong markets like Houston and Silicon Valley will allow landlords to raise rents and reduce concessions. However, maturing CMBS debt will force some sales and limit price growth through 2013. Overall, private sector job growth will fuel modest absorption through 2012.
North American Industrial Highlights 4Q 2010Coy Davidson
The U.S. industrial market finished 2010 strongly, with positive absorption in most regions and declining vacancy. Vacancy fell 0.22% in Q4 to 10.74% nationally as demand increased. Absorption was 28.6 million square feet in Q4 while new construction was only 9.4 million square feet. Rents fell slightly to $4.60 per square foot due to new supply coming online. With continued economic and manufacturing growth expected in 2011, demand for warehouse space is projected to keep rising through the year.
North American Office Highlights Q1 2012Coy Davidson
The office market demand is shifting away from FIRE (Finance, Insurance, and Real Estate) industries toward ICEE (Intellectual Capital, Energy, and Education) industries. This has benefited cities with strong ICEE industry concentrations like Houston, Calgary, Toronto, Seattle, Baltimore, Washington DC, Raleigh, Austin, and Denver which have seen increased office absorption. Markets dependent on FIRE industries like Los Angeles, Atlanta, and parts of New Jersey and Chicago have seen declining demand. While the national office market recovery remains slow, select large markets with strong ICEE presences have seen more robust demand and lower vacancy rates.
The office market demand is shifting away from FIRE (Finance, Insurance, and Real Estate) industries toward ICEE (Intellectual Capital, Energy, and Education) industries. This shift has benefited cities with strong ICEE industry concentrations like Houston, Calgary, Toronto, Seattle, Baltimore, Washington DC, Raleigh, Austin, and Denver which have seen increased office demand and absorption. The recovery in the overall office market remains slow as uncertainties in the economy are keeping businesses cautious about expanding and leasing offices. While the national vacancy rate improved slightly, rental rates only increased marginally and a more robust recovery is still needed.
The retail real estate market is faring better than two years ago but still faces many challenges. While retail sales have increased over the past year, the gains have been uneven, with discount and high-end retailers thriving while mid-range retailers continue to struggle due to stagnant wages, high gas prices, and lackluster job growth. Consumer confidence, as measured by an index, remains below healthy levels, indicating consumers remain cautious in their spending. Vacancy rates remain elevated but are expected to decline in coming quarters as demand gradually increases.
The Tampa Bay Florida office market saw slow gains in the second quarter of 2012, with leasing activity edging up. While there was no swift rebound, vacancy rates declined from the previous quarter and year. Rental rates remained flat or down slightly in the first half of the year. Leasing activity is expected to remain steady in the second half, though not at a significant level as many businesses have adopted a wait-and-see approach locally and nationally.
The Metro Detroit office market saw slight improvements in the fourth quarter of 2010. Net absorption was positive 924,996 square feet and vacancy rates decreased to 19%. Rental rates increased slightly to $18.77 per square foot. Construction remains low as the real estate market continues to recover from the economic downturn. Challenges remain for commercial property owners as high vacancies persist through 2011.
The Houston office market posted positive net absorption of 81,091 square feet in Q2 2011, with most absorption occurring in the suburban sector. Overall vacancy rates decreased slightly to 15.9% from 16.5% year-over-year. Rental rates continued to decline, with the average citywide rate dropping to $22.70 per square foot in Q2 2011. Vacancy increased in the CBD Class A properties to 12.5% while declining in the suburban Class A properties to 16.2%.
Colliers canada national market snapshot 2020 q4Chris Fyvie
• Although Q4 2020 has brought good news on the vaccine front and removing some of the overall economic uncertainty, we are not in the clear yet and some asset types will take longer to rebound than others.
• The office market continues to experience rising vacancy, predominantly due to rising downtown sublet space. This corresponds with office attendance levels, which are trending below 15% in downtowns, compared to around 30% in the suburbs.
• After a brief pause in activity earlier in the pandemic, the industrial market continued to tighten in Q4 2020. Despite some weakness in bricks and mortar and restaurant distribution as well as in experiential users, strong demand from e-commerce and grocery users drove vacancy down and rents stable.
• The first half of 2021 will remain difficult for many. However, like in 2020, as summer 2021 approaches the economy is expected to thaw. This economic rebound will pick up steam as the vaccine rollout reaches completion.
This document provides an overview of office market statistics for various submarkets in the Greater Toronto Area (GTA) for the first quarter of 2017. Key metrics reported include number of buildings, total office inventory, vacant space, vacancy rates, available space, absorption rates, and average asking rental rates. The Financial Core submarket had 94 buildings totaling 37 million square feet of office inventory, with a vacancy rate of 4.4% and average asking gross rent of $58.72 per square foot.
Downtown toronto office survey package august 25 2016Chris Fyvie
This document provides property listings for various office spaces in downtown Toronto. It includes summaries of 12 different properties, listing available suites with details on area, rent rates, and expenses. Floor plans are also included for some of the suites. The listings range in size from 2,244 square feet to 4,066 square feet and are located across the financial district. Rent rates vary between $24 to $42.75 per square foot depending on the building and suite.
WTF Properties - Toronto Office Space July availability reportChris Fyvie
This document provides property listings for various commercial real estate locations in Toronto, Ontario, including descriptions of building features and available suites. Contact information is provided for Honor Sewell and Lauren Tapp to obtain further details on lease availability and pricing. Suite sizes, availability dates, and costs per square foot are outlined for many of the properties.
Plug in to peak productivity - Colliers Spark ReportChris Fyvie
Fibre optic internet provides faster speeds and better connectivity than traditional copper broadband, improving workplace productivity. As companies increasingly adopt applications like cloud computing, big data analytics, and video conferencing that require high bandwidth, reliable internet is becoming essential for office space. However, many office buildings still lack fibre optic connectivity due to the high costs of installation. Companies looking for office space should carefully consider a building's internet infrastructure and ask questions about fibre optic availability.
Lennard commercial office space downtown torontoChris Fyvie
This document contains listings for commercial real estate properties in downtown Toronto that are available for lease, sublease or sale. They include details like location, size, rent amounts, lease terms and property highlights for office, retail and industrial spaces. Contact information is provided for representatives from Lennard Commercial Real Estate who can provide more information on the available properties.
The document provides a quarterly market report on the Greater Toronto Area (GTA) office market for Q1 2016. Some key points:
- The overall GTA vacancy rate remained unchanged at 9.9% as absorption of 1.8 million SF was offset by 1.7 million SF of new supply.
- Availability is highest in the GTA West submarket at 14.6% while tenants have many options and landlords offer incentives.
- Downtown Toronto had the largest positive absorption but vacancy increased due to new deliveries such as Bay Adelaide East. Availability is highest in the Financial Core submarket at 10.7%.
This document provides an overview and analysis of the office condo markets in Vancouver and Toronto. It finds that office condo markets in both cities have experienced significant growth in recent years, driven by increasing commercial lease rates. Owning an office condo can provide cost savings compared to leasing, as well as equity appreciation. The Vancouver market saw particularly strong growth in the Broadway Corridor, while the Toronto market saw most sales in downtown and midtown areas close to transportation. Both markets are expected to continue attracting demand from owner-occupiers and investors.
The document provides a quarterly market report on the Greater Toronto Area office market in Q1 2016. Some key points:
- The overall vacancy rate remained stable at 4.8% while availability increased slightly to 9.8%. Rental rates increased across the region.
- Financial services continues to be the leading demand sector, focused in downtown Toronto. Engineering drives demand in western and northern GTA.
- Almost 5 million square feet of new office space is under construction, with 2 million square feet expected to be delivered in 2016.
- Downtown Toronto vacancy held steady at 2.5% while availability increased. Rents increased most significantly in downtown east and west.
- Midtown Toronto also saw steady vacancy of
The document provides statistics on office market conditions in different submarkets in the Greater Toronto Area (GTA) during the first quarter of 2016, including:
- The Financial Core submarket had 88 buildings totaling 34.5 million square feet, with a vacancy rate of 2.4% and availability rate of 9.6%.
- The Downtown submarket had a total of 278 buildings containing 65.2 million square feet, with a vacancy rate of 2.5% and availability rate of 8.4%. It experienced a net absorption of -44,384 square feet during the quarter.
- Average asking net and gross rents in the Downtown submarket were $28.63 and $54.46 per square foot respectively
Cadillac Fairview Office Vacancy - May 2016Chris Fyvie
This document provides a summary of office space vacancies across several buildings in downtown Toronto. Contact information is provided for several leasing representatives. Availability, length of terms, and additional costs like taxes, operating expenses and utilities are specified for available space in numerous buildings, including TD Centre towers, Ernst & Young Tower, 95 Wellington Street West, Yonge Corporate Centre buildings, RBC Centre, Maple Leaf Square, 156 Front Street West, Simcoe Place and several others in the Toronto Eaton Centre portfolio. Parking rates per month are also listed.
The document discusses security deposits paid by tenants to landlords. It summarizes a court case where a tenant's secured creditor claimed priority over the landlord to a $3 million security deposit held by the landlord. The court ruled the deposit was a security deposit, not prepaid rent, so the creditor had first priority. As a result, landlords may not be entitled to security deposits if the tenant declares bankruptcy. The document suggests landlords instead require guarantees, indemnities, or letters of credit from third parties to protect their interests if a tenant becomes insolvent.
The document provides options and pricing for benching, workstation, casegoods, and seating furniture systems. For benching systems, the value option is the Bridges II starting at $850, the mid-range is the Bivi starting at $1000, and the premium option is the FrameOne starting at $1500. Similarly, options and pricing are provided for the other categories of furniture. Lead times for orders and contact information for two partner firms that can provide the furniture options are also included.
This document outlines audiovisual technology options and pricing for different room scenarios. The basic option includes sound masking for huddle rooms from $2,500. The mid-range option provides audio conferencing and large screen displays for open offices from $1.25 to $1.60 per square foot installed. The premium option includes video conferencing and touch panel controls for boardrooms from $55,000. Gio Tan Design Associates and POI Business Interiors are the firms providing these solutions and services.
The document provides cost estimates for different levels of office build outs. A basic office is estimated between $32-$42 per square foot and involves painted drywall, doors and frames, lighting and power outlets. An upgraded office is $43-$55 per square foot and includes upgrades like sound baffles and vinyl wall coverings. A premium office is $56 per square foot or more and features high quality finishes, custom millwork and premium flooring. The costs provided are estimates only and do not include items like furniture or additional fees that could increase the overall costs.
IA Interior Architects is an international interior design firm with offices across North America and in London. They have extensive experience working with major corporate clients in a variety of industries, including technology, media, finance, and professional services. Their Toronto office is fully operational and led by Managing Director Beverly Horii, who has over 27 years of industry experience. They highlight recent projects in Canada for clients such as LinkedIn, Red Hat, and Amazon, demonstrating their local expertise. IA takes an integrated, network-based approach, pooling design talents across offices to comprehensively serve client needs.
This document provides a summary of office space vacancies across several buildings in downtown Toronto as of November 2015. Contact information is provided for brokers representing each property. Availability, size, lease terms, and additional costs like taxes and parking are outlined for numerous floors across the TD Centre, Ernst & Young Tower, 95 Wellington Street West, 156 Front Street West, and other locations. Over 500,000 square feet of office space in total is advertised as available.
This document is an availability report from Ashlar Urban Realty Inc. listing various commercial real estate spaces for office, retail, and mixed-use available for lease in Toronto. It provides details on numerous properties such as their addresses, available suites and sizes, asking rental rates, and contact information for representatives. Key contacts at Ashlar are also listed at the end.
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Officenahighlights3q2011v1
1. Q3 2011 | Office
NORTH AMERICA
HIGHLIGHTS
Office Space Markets Far From Robust,
But Growing Nonetheless
ROss J. MOORE Chief Economist | USA
MARkET INdICATORs
Relative to prior period U.S. office markets posted another quarter of modest growth with slightly stronger demand and a mod-
est drop in vacancy. The much-anticipated recovery in the U.S. office market, however, remained largely
Q3 Q4
2011 2011* absent, with many businesses reluctant to commit to more space given the uncertainty in both the
domestic and global economies. With only modest economic growth and uneven employment gains, the
VACANCy outlook for the U.S. office space market is far from certain, which means rents are unlikely to show any
appreciable change for at least the next twelve months.
NET ABsORPTION
By comparison, Canadian markets enjoyed a reasonably good quarter on the back of a slightly more
CONsTRuCTION upbeat economy and a comparatively buoyant job market. Going forward, both the U.S. and Canadian
economies are expected to remain sluggish by historic standards, with little prospect of any material
RENTAl RATE
change in light of the global macroeconomic backdrop. Given the uncertainty surrounding the European
*Projected sovereign debt crisis and the accompanying stresses in the banking sector, demand for office space is
highly unlikely to increase from levels experienced in the last few quarters. The U.S. economy should
escape a double-dip recession, but growth is anticipated to remain in the 1.0 to 2.0 percent range.
Based on year-to-date gains in occupied space, San Francisco (including the San Francisco Peninsula)
is a clear standout among the nation’s office markets, but a number of others are seeing reasonably
u.s. OffICE MARkET
suMMARy sTATIsTICs, Q3 2011 good gains in occupancy, including Charleston, Charlotte, Dallas–Ft. Worth, Houston, New York,
Orange County, San Diego, San Jose, Seattle and Washington, DC. Also somewhat positive is the
Vacancy Rate: 15.22% nineteen-month-long gain in private-sector employment, averaging 136,000 jobs per month. Furthermore,
Change from Q2 2011: –0.09
continued on page 6
Absorption: u.s. OffICE MARkET Q3 2009 – Q3 2011
9.4 Million Square Feet
Office vacancies are
New Construction: 16.00 expected to continue
20 15.67 15.64
15.61 to trend down, but
4.3 Million Square Feet 15.46 15.39 15.30 15.5
Million Square Feet
10 14.85 14.98 15.22 oversupply conditions
Vacancy (%)
15.00
Under Construction:
15.15 will remain in many
14.50
32.4 Million Square Feet 0 markets for some
14.00
time to come.
-10 13.50
Asking Rents Per Square Foot
Q2 2010
Q4 2010
Q3 2010
Q1 2010
Q2 2011
Q3 2011
Q1 2011
Q2 2009
Q3 2009
13.00
(Change from Q2 2011): -20
12.50
Downtown Class A: $39.86 (2.3%)
-30 12.00
Suburban Class A: $25.55 (-1.9%)
Absorption Completions Vacancy
www.COllIERs.COM
5. highlights | Q3 2011 | office | north AmericA
uNITEd sTATEs | dOwNTOwN OffICE | ClAss A
AVERAGE ANNuAl QuARTERly ANNuAl
EXIsTING VACANCy VACANCy ABsORPTION ABsORPTION QuOTEd RENT CHANGE IN CHANGE IN
INVENTORy (sf) RATE (%) RATE (%) Q3 2011 yTd 2011 (usd Psf) RENT RENT
MARkET sEPT 30, 2011 JuNE 30, 2011 sEPT 30, 2011 (sf) (sf) sEPT 30, 2011 (%) (%)
Detroit, MI 11,416,000 14.74 16.03 (136,000) 150,000 22.50 (0.4) (1.0)
Grand Rapids, MI 1,567,000 20.21 22.34 0 5,000 21.00 5.2
Indianapolis, IN 9,776,000 12.17 12.55 (37,000) 34,000 19.40 1.5
Kansas City, MO 9,889,000 18.38 17.82 55,000 238,000 19.60 0.5 (6.1)
Minneapolis, MN 14,090,000 13.11 12.43 52,000 106,000 15.20 4.3
Omaha, NE 3,418,000 4.32 4.32 0 (25,000) 19.10 1.5
St. Louis, MO 10,755,000 14.73 15.91 (188,000) (203,000) 18.10 0.5 (5.0)
St. Paul, MN 3,433,000 8.86 8.99 (4,000) 12,000 13.40 (5.3)
MIdwEsT TOTAl/AVERAGE 150,727,000 14.83 14.88 (140,000) 741,000 24.76
wEsT
Bakersfield, CA 700,000 5.50 4.99 4,000 7,000 17.40 0.0 0.0
Boise, ID 2,038,000 5.75 6.46 (14,000) (27,000) 18.60 3.3 3.3
Denver, CO 20,569,000 11.99 13.01 (210,000) (87,000) 27.80 1.1 5.9
Fresno, CA 1,058,000 12.87 11.50 15,000 (22,000) 24.60 0.0 0.0
Honolulu, HI 4,709,000 13.27 14.21 (44,000) (93,000) 35.30 (0.3) (1.0)
Las Vegas, NV 808,000 11.26 9.12 36,000 3,000 33.70 4.5 (3.4)
Los Angeles, CA 17,734,000 15.63 14.98 116,000 (51,000) 38.50 0.0 (1.2)
Oakland, CA 10,198,000 10.49 11.20 (72,000) (127,000) 30.70 0.0 (1.2)
Phoenix, AZ 9,555,000 22.25 19.87 227,000 160,000 23.70 (0.6) (16.3)
Pleasanton/Walnut Creek, CA 7,950,000 19.36 16.94 193,000 116,000 27.60 5.5 5.5
Portland, OR 13,157,000 7.17 6.89 95,000 217,000 24.90 0.5 2.3
Reno, NV 548,000 21.10 17.32 31,000 100,000 23.30 3.2 (1.0)
Sacramento, CA 9,062,000 9.68 9.59 148,000 179,000 32.10 (0.7) (1.2)
San Diego, CA 7,254,000 18.89 17.36 111,000 (16,000) 28.30 (1.3) (3.3)
San Francisco, CA 52,333,000 14.01 12.66 656,000 1,315,000 38.40 4.0 6.0
San Jose/Silicon Valley, CA 3,365,000 30.91 31.60 (20,000) (69,000) 32.00 0.4 (7.6)
Seattle/Puget Sound, WA 32,337,000 18.33 17.22 359,000 660,000 30.50 3.0 7.0
Stockton, CA 2,774,000 22.19 20.25 14,000 (90,000) 20.50 (5.0) 11.8
wEsT TOTAl/AVERAGE 196,150,000 14.90 14.12 1,643,000 2,176,000 32.02
u.s. TOTAl/AVERAGE 1,022,893,000 14.35 14.46 443,000 8,068,000 39.90 weighted 2.26 2.36
27.40 equal 1.10 -3.32
COllIERs INTERNATIONAl | P. 5
6. highlights | Q3 2011 | office | north AmericA
Office Space Markets Far From Robust, EMPlOyMENT, PROfEssIONAl & BusINEss sERVICEs
But Growing Nonetheless
100
Continued from page 1
office-using employment was relatively robust during the JulySeptember 80
Month to Month Change, thousands
period, with professional and business employment in particular up 3.4 percent
year-over-year (September). 60
u.s. office vacancies continue to drift lower. The U.S. national office vacancy
40
rate fell slightly during the July to September period, shifting nine basis points
lower (100 basis points equals one percent) to finish the quarter at 15.22
percent. During the third quarter, downtown vacancies increased six basis 20
points to register 13.90 percent at quarter end, while suburban office vacancies
dropped 16 basis points to average 15.87 percent. Over the past 12 months, the 0
Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-10 Jul-11
U.S. national office vacancy rate has fallen 39 basis points. In the third quarter,
the flight to quality was particularly evident in Class A suburban markets -20
where vacancies shrank 50 basis points. Canadian office vacancy rates were
also mixed with the national central business district (CBD) vacancy rate
2010 2011
falling 54 basis points to 5.82 percent while suburban vacancies increased Source: U.S. Bureau of Labor Statistics
16 basis points to 9.03 percent.
Office absorption positive for sixth the consecutive quarter. The U.S. office ABsORPTION (sf) | sElECT dOwNTOwN MARkETs | Q3 2011
market registered a sixth consecutive quarter of rising occupancy. Third-
quarter absorption came in at 9.4 million square feet (MSF). The composition 0 500000 1000000 1500000 2000000
of this quarter’s absorption was highly skewed to suburban markets, whereas
Midtown Manhattan
last quarter two-thirds of total absorption was in downtown markets. Standout
markets in the third quarter included Dallas-Ft. Worth, Houston, Midtown San Francisco
Manhattan, Orange County, Raleigh, Sacramento, San Francisco, San Diego,
Silicon Valley, suburban Detroit and suburban Washington, DC. Continuing a Seattle
trend seen over the past few quarters, Class A buildings continued to attract
Boston
“move-up” tenants: in particular, suburban Class A absorption totaled
8.0 MSF, or just over 85 percent of overall absorption. Canadian markets also Chicago
recorded an increase in occupied space during the third quarter, with absorp-
Houston
tion totaling 4.7 MSF. This was a healthy increase from the 3.6 MSF recorded
in the second quarter. Philadelphia
suburban rents take a further down-leg, CBd rents rise slightly. After small Washington, DC
decreases in the second quarter, CBD rents posted a modest increase and
suburban rents drifted lower in the most recent three-month period. Third-
quarter data shows Class A CBD rents increased 2.3 percent to average $39.86
per square foot. Class A suburban rents moved lower, dropping 1.9 percent to
ABsORPTION (sf) | sElECT suBuRBAN MARkETs | Q3 2011
average $23.55 per square foot. Of the 60 downtown markets tracked, 33 saw
rents decrease, 20 saw rents increase and seven held steady. In the 60 sub-
0 200,000 400,000 600,000 800,000
urban markets, 29 markets saw rents drop, 24 rose and seven held steady.
Canadian downtown office rents moved substantially higher during the third Dallas
quarter, with Class A CBD rents increasing 6.1 percent while suburban Class
A rents increased 1.9 percent. Houston
Office construction remains at record-low levels. Third-quarter office com- San Jose/Silicon Valley
pletions totaled just 4.3 MSF—a modest drop from the second quarter when
Raleigh/Durham
5.7 MSF were brought online—leaving year-to-date new supply at 15.5 MSF.
Construction underway increased by just 2.0 MSF relative to the second quar-
San Diego
ter, with 32.4 MSF in various stages of development. Construction activity
remains exceptionally low by historic standards, and well below the cyclical Denver
high reached in the second quarter of 2008 when 121 MSF was underway.
The Canadian office market added a modest level of new construction during Raleigh/Durham
the third quarter, with the completion of 1.7 MSF square feet with another 7.3
Northern New Jersey
MSF underway.
P. 6 | COllIERs INTERNATIONAl
12. highlights | Q3 2011 | office | north AmericA
CANAdA | suBuRBAN OffICE | All INVENTORy
EXIsTING NEw suPPly uNdER VACANCy VACANCy ABsORPTION ABsORPTION
INVENTORy (sf) Q3 2011 CONsTRuCTION RATE (%) RATE (%) Q3 2011 yTd 2011
MARkET sEPT 30, 2011 (sf) (sf) sEPT 30, 2011 JuNE 30, 2011 (sf) (sf)
Calgary, AB 23,437,000 0 732,000 9.19 11.01 (470,000) 152,000
Edmonton, AB 8,940,000 0 40,000 13.31 13.48 167,000
(15,000)
Guelph, ON 1,374,000 17,000 0 3.79 4.82 2,000 3,000
Halifax, NS 6,388,000 53,000 90,000 10.41 9.43 89,000 127,000
Montreal, QC 23,771,000 150,000 0 9.41 9.55 99,000 186,000
Ottawa, ON 20,956,000 318,000 0 7.74 8.02 234,000 (143,000)
Regina, SK 659,000 0 0 0.14 0.14 0 3,000
Toronto, ON 68,351,000 138,000 727,000 7.64 7.10 1,085,000 1,992,000
Vancouver, BC 27,273,000 0 785,000 10.75 10.59 44,000 138,000
Victoria, BC 3,573,000 0 113,000 10.18 8.54 0 66,000
Waterloo Region, ON 6,316,000 332,000 175,000 7.71 12.55 1,000 58,000
CANAdA TOTAl/AVERAGE 191,037,000 1,008,000 2,662,000 8.86 9.03 1,069,000 2,749,000
CANAdA | suBuRBAN OffICE | ClAss A
VACANCy VACANCy AVERAGE ANNuAl QuARTERly ANNuAl
EXIsTING RATE (%) RATE (%) ABsORPTION ABsORPTION QuOTEd RENT CHANGE CHANGE
INVENTORy (sf) sEPT 30, JuNE 30, Q3 2011 yTd 2011 (CAd Psf) IN RENT IN RENT
MARkET sEPT 30, 2011 2011 2011 (sf) (sf) sEPT 30, 2011 (%) (%)
Calgary, AB 10,829,000 7.94 10.63 (291,000) 349,000 40.00 5.3 23.1
Guelph, ON 838,000 0.86 3.20 (2,000) (7,000) 26.00 7.1
Halifax, NS 2,675,000 8.52 7.64 26,000 32,000 29.10 4.0 8.9
Montreal, QC 13,336,000 7.77 7.87 88,000 198,000 30.00 0.0 25.0
Ottawa, ON 11,944,000 7.80 8.04 264,000 276,000 30.00 0.2 (0.2)
Regina, SK 659,000 0.14 0.14 0 3,000 28.50 0.0 16.3
Toronto, ON 30,652,000 8.81 7.35 650,000 1,075,000 30.00 0.3 (4.9)
Vancouver, BC 13,132,000 13.07 10.88 287,000 350,000 38.30 0.0 4.3
Victoria, BC 817,000 8.67 8.93 0 (2,000) 40.00 0.0 21.2
Waterloo Region, ON 2,745,000 8.42 16.85 72,000 102,000 23.70 8.2 (8.9)
CANAdA TOTAl/AVERAGE 87,628,000 8.89 8.68 1,093,000 2,377,000 32.30 weighted 1.91 4.34
31.60 equal 2.18 6.34
Glossary
Inventory – Includes all existing multi- or single- New supply – Includes completed speculative and Cap Rate – (Or going-in cap rate) Capitalization
tenant leased and owner-occupied office properties build-to-suit construction. New supply quoted on a rates in this survey are based on multi-tenant
greater than or equal to 10,000 square feet (net net basis after any demolitions or conversions. institutional grade buildings fully leased at market
rentable area). In some larger markets this minimum rents. Cap rates are calculated by dividing net
size threshold may vary up to 50,000 square feet. Annual Quoted Rent – Includes all costs associated operating income (NOI) by purchase price.
Does not include medical or government buildings. with occupying a full floor in the mid-rise portion of
a Class A building inclusive of taxes, insurance, Note: sf = square feet
Vacancy Rate – Percentage of total inventory maintenance, janitorial and utilities (electricity Psf = per square foot
physically vacant as at the survey date including surcharges added where applicable). All office rents CBd = central business district
direct vacant and sublease space. in this report are quoted on an annual, gross per
square foot basis. Rent calculations do not include
Absorption – Net change in physically occupied sublease space.
space over a given period of time.
P. 12 | COllIERs INTERNATIONAl