Cushman toronto office leasing market report 2014Chris Fyvie
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Avison commercial office leasing market report toronto 2014Chris Fyvie
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-U.S. Office Market Was Driven by the Tech
Sector in the Fourth Quarter of 2018
-Absorption exceeds construction completions, vacancy
declines and the pipeline grows
-Tech markets tighten
-Rents rise, but the pace slows:
The report provides key market indicators, trends and forecasting for the #Kitchener, #Waterloo and #Cambridge industrial markets, including vacancy rates, absorption, lease rates, sale prices and recent market transactions. Colliers International #Office #CRE
Leasing volume has been stuck in neutral for several quarters. Nevertheless, activity in the Midtown, Central Perimeter, North Fulton and Northwest remains steady with corporate relocations boosting demand as well.
Outlook
While not as robust as 2018, the market is expected to
maintain its momentum over the course of 2019. Although
market conditions are increasingly becoming landlord
favourable, the market remains quite competitive. Large
occupiers seeking space in the Central area are now looking
to new developments to satisfy their needs as there are very
few large contiguous blocks of available space left in the
market. In the Financial Core, only six options for tenants
seeking 50,000+ sf of space remain. Despite the
disappearance of large available space options and the
significant downward pressure on vacancy rates, landlords
have only marginally increased rent expectations at
approximately 2% annually. A slight year-over-year increase in
average net asking rates is anticipated as a result of Class
AAA deliveries; however, the range of rates is not expected to
change
JLL Louisville Industrial Outlook - Q4 2016Ross Bratcher
New construction, tenant demand keep rates at high levels. Employment challenges meet creative solutions, new political landscape. Leasing velocity remains true to historic size segments in 2016.
The Movers & Shakers report is an in-depth analysis of central London office relocation trends. Now in its fifth year, it looks at the factors driving office location decisions across different business sectors.
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-U.S. Office Market Was Driven by the Tech
Sector in the Fourth Quarter of 2018
-Absorption exceeds construction completions, vacancy
declines and the pipeline grows
-Tech markets tighten
-Rents rise, but the pace slows:
The report provides key market indicators, trends and forecasting for the #Kitchener, #Waterloo and #Cambridge industrial markets, including vacancy rates, absorption, lease rates, sale prices and recent market transactions. Colliers International #Office #CRE
Leasing volume has been stuck in neutral for several quarters. Nevertheless, activity in the Midtown, Central Perimeter, North Fulton and Northwest remains steady with corporate relocations boosting demand as well.
Outlook
While not as robust as 2018, the market is expected to
maintain its momentum over the course of 2019. Although
market conditions are increasingly becoming landlord
favourable, the market remains quite competitive. Large
occupiers seeking space in the Central area are now looking
to new developments to satisfy their needs as there are very
few large contiguous blocks of available space left in the
market. In the Financial Core, only six options for tenants
seeking 50,000+ sf of space remain. Despite the
disappearance of large available space options and the
significant downward pressure on vacancy rates, landlords
have only marginally increased rent expectations at
approximately 2% annually. A slight year-over-year increase in
average net asking rates is anticipated as a result of Class
AAA deliveries; however, the range of rates is not expected to
change
JLL Louisville Industrial Outlook - Q4 2016Ross Bratcher
New construction, tenant demand keep rates at high levels. Employment challenges meet creative solutions, new political landscape. Leasing velocity remains true to historic size segments in 2016.
The Movers & Shakers report is an in-depth analysis of central London office relocation trends. Now in its fifth year, it looks at the factors driving office location decisions across different business sectors.
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.
Colliers Vietnam's monthly market report on the Central Business District of Ho Chi Minh City. It covers the Office, Retail, Hotel, and Serviced Apartment markets.
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.
North American Commercial Real Estate ReportChris Fyvie
We are pleased to share with you the our latest North American Research Report -covering approximately 70 metro areas - demonstrating that the office market in the United States and Canada will continue a steady growth, but will lack in the force and pace of prior cycles. However, positive market trends exist, including strong absorption and declining vacancy rates in all the major U.S. CBDs. Additionally, construction is increasing, but remains below historic highs.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
2. 2 Research & Forecast Report | Q2 2015 | Greater Toronto Area / Office | Colliers International
Market Summaries
GTA Market Overview.....................................................................................................3
Downtown................................................................................................................4
Midtown...................................................................................................................5
Central North...........................................................................................................6
Central East............................................................................................................. 7
GTA East..................................................................................................................8
GTA North................................................................................................................9
GTA West............................................................................................................... 10
Glossary............................................................................................................................... 11
Table of Contents
3. 3Research & Forecast Report | Q2 2015 | Greater Toronto Area / Office | Colliers International
GTA Market Overview
Market Overview
Toronto’s Downtown office market continues to
experience high demand, where vacancy rates declined
once again and now sit at 2.6 percent. As displayed in
previous quarters, much of demand within the Downtown
market continues to be for newly-built or renovated
space. Numerous companies have vacated and continue
to leave older buildings within the Downtown for newer
ones. Currently, of the big block spaces (100,000 square
feet and up) available within the Downtown, much is
within older Class AAA and Class A buildings. On the
other hand, many of the newly-constructed buildings
have no available space, and of the almost four million
square feet of office space that is currently under
construction, much of this is fully pre-leased or more
than 50 percent pre-leased. This is a trend that is not
exclusive to Downtown as large tenants are favouring
newer space within certain suburban markets. An
example of the shift towards new office space is Marsh &
Mclennan Companies and TJX Companies occupying
space within newly- built 120 Bremner (Downtown) and
60 Standish Court (GTA Suburban West) this quarter,
both leaving big block space that is still available in the
older buildings that they vacated. Building amenities,
collaborative workspaces and environmental efficiencies
show the differences between newly-built buildings and
older office stock and why these new spaces are
successfully attracting tenants across various industries.
Investment Market
The Toronto investment market saw a gradual increase in
activity over Q1, 2015 but has continued to remain
relatively slow in transaction activity in contrast to recent
years. Despite the slowdown within the central markets,
buyers continue to purchase space throughout the
Greater Toronto Area, beyond the traditional Downtown
and Midtown markets. According to RealNet data, during
Q2, 2015, sales outside of the Downtown and Midtown
markets (+$2MM CND) attributed to 64% of all deal
volume. Sales within the City of Markham alone
contributed to 31% of the total deal volume, with the
GTA’s largest sale in Q2, 2015 taking place in Markham at
675 Cochrane Drive, a 365,000 office asset sold by
BCIMC Realty Corporation to Crown Realty Partners for
$97,470,000.
Market Indicators
Relative to prior period
Market Q1
2015
Market Q2
2015
Market Q3
2015* Trend
VACANCY RATE 5.3% 5.5%
NET ABSORPTION 432,300 391,852
AVAILABILITY RATE 11.4% 10.7%
NET RENTAL RATE** $17.77 $18.65
*Projected
**Rental rates for current quarter are for CBD. Rent forecast is for metro-wide rents.
Tenant Demand
The financial services sector is leading demand for office
space throughout the GTA, but primarily in the Downtown
and GTA West this quarter. There is also an increased
demand from engineering and communications
companies looking for space within the GTA. The
engineering companies are almost exclusively looking for
space within the GTA West, while Communications
companies are seeking space throughout the city.
Q2 2015 – 1,678,600 Square Feet
Financial Services
Engineering
Communications
Technology/Software
Architectural, Engineering and Related Services
Government Services
* Other (Entertainment, Interior Design, Law, Transportation and Retail Trade.
30%
15%
15%
10%
5%
5%
4%
3%
3%
2%
8%
Financial S
Engineerin
Communic
Technolog
Architectu
Governme
Real Estat
Wholesale
Security S
Banking
Other (Ent
Retail Trad
Real Estate
Wholesale Trade
Security Services
Banking
Other*
Historical Performance and Forecast
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
-1,000,000
-500,000
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
20151Q
20152Q
20153Q
20154Q
20161Q
(600,000)
(400,000)
(200,000)
-
200,000
400,000
600,000
800,000
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
2009Q2
2009Q3
2009Q4
2010Q1
2010Q2
2010Q3
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
Net Absorption (SF) New Supply (SF) Vacancy Rate (%)
4. 4 Research & Forecast Report | Q2 2015 | Greater Toronto Area / Office | Colliers International
Downtown
While overall vacancy rates continue to be low within the
Downtown market, there is a large amount of big block space
available in some of the market’s bigger Class AAA and A
buildings. 181 Bay Street, First Canadian Place, Bay Adelaide
Centre and 161 Bay Street are some examples of high-quality
buildings with an inventory of available big block space. This
is partially due to increased competition stemming from the
success of new or under construction buildings in attracting a
diverse set of tenants. Not only are large tenants such as RBC
and Marsh & Mclennan Companies moving into new buildings,
but smaller companies across numerous industries are favoring
newly-built office space. For example, 134 Peter (currently under
construction) has been fully pre-leased with a mix of small- and
medium-sized tenants across numerous industries such as
investment, consumer goods, technology/software and others.
Trends
>> Vacancy rates remain low within the Downtown submarkets,
primarily the Downtown West, South and East.
Notable Lease Transactions
TENANT NAME - ADDRESS TYPE
APPROXIMATE
SIZE (SF)
1.
Blaney McMurty LLP
- 2 Queen St East
Renewal 80,000
2.
Torkin Manes LLP
- 151 Yonge St
Renewal 50,000
3. D+H - 120 Bremner Blvd Headlease 31,000
Summary Statistics
Q2 2015 Regional Office Market Q1 2015 Q2 2015 Trend
Office Inventory 75,928,990 75,928,990
Net Absorption 602,230 236,367
Vacancy Rate 2.7% 2.6%
Availability Rate 9.2% 7.7%
Average Asking Net Rent $28.55 $29.18
Notable Lease Notable Sale New Supply
Upcoming New Supply
ADDRESS CLASS FLOORS SIZE (SF) DEVELOPER COMPLETION STATUS
6. 134 Peter Street A 17 299,178 Allied Properties REIT Q2 2015 Under Construction
7. 22 Adelaide Street West AAA 44 1,020,000 Brookfield Financial Real Estate Group Q1 2016 Under Construction
8. 351 King Street East A 17 500,000 First Gulf Q2 2016 Under Construction
9. 43A Parliament St 5 71,000 Bresler, Urbacon Q2 2016 Under Construction
10. 1 York Street A 35 800,000 HOOPP / Menkes Q3 2016 Under Construction
11. 100 Adelaide Street W AAA 40 905,722 Oxford Properties Group Inc. Q2 2017 Under Construction
12. 130 Queens Quay East 178,300 Daniels Corporation Q2 2019 Under Construction
Notable Sale Transactions
PURCHASER - ADDRESS PRICE
APPROXIMATE
SIZE (SF)
4.
Hullmark -
230 & 240 Richmond Street West
$17,500,000 119,442
5.
Allied Properties REIT
- 176 - 180 John Street
$8,290,000 62,469
TORONTO
Union
Dundas
Bloor / YongeBay
Castlefrank
Wellesley
Queen’s Park
Carlton StCollege St
Dundas St
Queen St
King St
SpadinaAve
UniversityAve
YongeSt
ParliamentSt
Bloor St
Gardiner Expwy
15
9
4
3
6
827
10
11
12
Lake Ontario
Historical Performance and Forecast
(600,000)
(400,000)
(200,000)
-
200,000
400,000
600,000
800,000
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
2009Q2
2009Q3
2009Q4
2010Q1
2010Q2
2010Q3
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
Net Absorption (SF) New Supply (SF) Vacancy Rate (%)
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
-200,000
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
20151Q
20152Q
20153Q
20154Q
20161Q
5. 5Research & Forecast Report | Q2 2015 | Greater Toronto Area / Office | Colliers International
Midtown
The overall vacancy rate in the Midtown market once again
decreased this quarter from the previous one from 3.0
percent to 2.4 percent. The Yonge-Bloor and Yonge-Eglinton
submarkets continue to have very low vacancy and availability
rates as space demand increases within these transit
accessible markets. With no new supply or office space under
construction within the Midtown market, vacancy rates are
likely to remain the same for the foreseeable future. This could
lead to an increase in average rental rates.
Trends
>> The total number of under construction and planned residential
condominiums within the Yonge-Bloor and Yonge-Eglinton
submarkets continues to increase.
>> The condominiums that are currently under construction within
the Yonge-Bloor and Yonge-Eglinton submarkets could lead to
increased demand for live-work office space within the area.
Summary Statistics
Q2 2015 Regional Office Market Q1 2015 Q2 2015 Trend
Office Inventory 19,387,861 19,387,861
Net Absorption -18,575 65,388
Vacancy Rate 3.0% 2.4%
Availability Rate 8.6% 6.8%
Average Asking Net Rent $19.19 $18.48
Notable Lease Notable Sale New Supply
Upcoming New Supply
ADDRESS CLASS FLOORS SIZE (SF) DEVELOPER COMPLETION STATUS
4. 135 Yorkville Avenue A 11 50,000 Camrost Felcorp Q3 2016 Planned
Notable Sale Transactions
PURCHASER - ADDRESS PRICE
APPROXIMATE
SIZE (SF)
1.
Clifton Blake
- 1133 Yonge Street
$21,500,000 63,237
2.
2462790 Ontario Inc.
- 17 Prince Arthur Avenue
$16,200,000 20,000
3.
Manulife Financial
- 1300 Yonge Street
$9,310,000 99,875
Bloor St
Dundas St
Queen St
Eglinton Ave
LansdowneAve
YongeSt
BayviewAve
DufferinSt
Lawrence Ave
Gardiner Expwy
TORONTO
3
14
2
Historical Performance and Forecast
(600,000)
(400,000)
(200,000)
-
200,000
400,000
600,000
800,000
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
2009Q2
2009Q3
2009Q4
2010Q1
2010Q2
2010Q3
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
Net Absorption (SF) New Supply (SF) Vacancy Rate (%)
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
-100,000
-50,000
0
50,000
100,000
150,000
200,000
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
20151Q
20152Q
20153Q
20154Q
20161Q
6. 6 Research & Forecast Report | Q2 2015 | Greater Toronto Area / Office | Colliers International
Central North
The Central North experienced negative absorption this quarter
as space previously held by Proctor and Gamble within 4711
Yonge has become available. With this large block of space
coming to market, it could test the demand for space within
area. Little space was previously available throughout the
Central North, especially in the North-Yonge Corridor.
Trends
>> With great public transit and highway accessibility, the North-Yonge
Corridor continues to be an attractive submarket for companies.
Summary Statistics
Q2 2015 Regional Office Market Q1 2015 Q2 2015 Trend
Office Inventory 12,026,988 12,026,988
Net Absorption -1,456 -183,571
Vacancy Rate 1.7% 3.2%
Availability Rate 6.8% 6.1%
Average Asking Net Rent $17.27 $17.08
Notable Lease Notable Sale New Supply
Upcoming New Supply
ADDRESS CLASS FLOORS SIZE (SF) DEVELOPER COMPLETION STATUS
2. 4800 Yonge Street A 25 393,000 Oxford Properties Group Q4 2016 Planned
3. 4050 Yonge Street A 7 367,000 Build Toronto Inc. Q4 2016 Planned
Notable Sale Transactions
PURCHASER - ADDRESS PRICE
APPROXIMATE
SIZE (SF)
1.
Manulife Financial
- 100 Sheppard Avenue East
$33,329,000 273,850
Sheppard Ave
Highway 401
Lawrence Ave
Finch Ave
YongeSt
BayviewAve
KeeleSt
Steeles Ave
Eglinton Ave
BathurstSt
York University
3
2
TORONTO
VAUGHAN
1
Lawrence
Sheppard
Finch
Downsview
Lawrence West
Eglinton West Eglinton
Historical Performance and Forecast
(600,000)
(400,000)
(200,000)
-
200,000
400,000
600,000
800,000
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
2009Q2
2009Q3
2009Q4
2010Q1
2010Q2
2010Q3
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
Net Absorption (SF) New Supply (SF) Vacancy Rate (%)
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
-100,000
-50,000
0
50,000
100,000
150,000
200,000
250,000
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
20151Q
20152Q
20153Q
20154Q
20161Q
7. 7Research & Forecast Report | Q2 2015 | Greater Toronto Area / Office | Colliers International
GTA North
Availability and vacancy rates have been increasing slightly
within the GTA North market over the past year. These rates
will decline in the upcoming quarters as some companies
recently signed leases for large blocks of space within
the market. TD Bank signed a lease for about 140,000
square feet of space at 101 Mcnabb (previously vacated by
American Express) and LexisNexis Canada signed a lease for
approximately 50,000 square feet of space at 11 Gordon Baker.
Trends
>> The Markham Town Centre office submarket continues to struggle
with high vacancy (21.4%) and availability rates (23.7%) that have
not seen much of a change over the past year.
Notable Lease Transactions
TENANT NAME - ADDRESS TYPE
APPROXIMATE
SIZE (SF)
1.
Huawei - 19 Allstate Pkwy and
15 Allstate Pkwy
Headlease 125,000
2. Holcim - 7880 Keele St Headlease 50,000
Summary Statistics
Q2 2015 Regional Office Market Q1 2015 Q2 2015 Trend
Office Inventory 14,559,776 14,624,545
Net Absorption -36,945 -102,171
Vacancy Rate 8.3% 8.9%
Availability Rate 13.7% 13.7%
Average Asking Net Rent $15.09 $15.99
Notable Lease Notable Sale New Supply
Upcoming New Supply
ADDRESS CLASS FLOORS SIZE (SF) DEVELOPER COMPLETION STATUS
3. 3100 Rutherford Road A 4 64,769 Lorwood Holdings Inc. - Elmgate Holdings Q2 2015 Completed
4. 7777 Weston Road A 8 136,000 Liberty Developments Q3 2016 Planned
5. Millway Rd. at Apple Mill Rd A 14 350,000 Calloway REIT, SmartCentres Q1 2016 Planned
6. 2833 16th Avenue 60 9,000,000 Cadillac Fairview Q4 2016 Planned
Newmarket
Richmond
Hill
King City
Highway 407
Aurora RdWellington St
Highway404
YongeSt
Stouffville Rd
WardenAve
Highway400
Steeles Ave
King Rd
Highway27
Davis Dr
3
6
VAUGHAN
RICHMOND HILL
AURORA
1
25
4
Historical Performance and Forecast
(600,000)
(400,000)
(200,000)
-
200,000
400,000
600,000
800,000
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
2009Q2
2009Q3
2009Q4
2010Q1
2010Q2
2010Q3
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
Net Absorption (SF) New Supply (SF) Vacancy Rate (%)
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
-150,000
-100,000
-50,000
0
50,000
100,000
150,000
200,000
250,000
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
20151Q
20152Q
20153Q
20154Q
20161Q
8. 8 Research & Forecast Report | Q2 2015 | Greater Toronto Area / Office | Colliers International
Central East
The overall vacancy rate within the Central East market was
left unchanged from the previous quarter, remaining at 5.5
percent. While vacancy rates have stayed relatively the same
within this market, opportunity could exist for growth as the
Eglinton LRT gets closer to completion. The availability of
transit (LRT), coupled with great highway access and very
competitive net and gross rents, could increase office leasing
activity within this market, primarily the Don Mills/Eglinton
Submarket.
Trends
>> No new office buildings are currently under construction within this
market, as supply seems to be currently meeting market demand.
not seen much of a change over the past year.
Notable Lease Transactions
TENANT NAME - ADDRESS TYPE
APPROXIMATE
SIZE (SF)
1. TD Bank - 101 McNabb St Headlease 140,000
Summary Statistics
Q2 2015 Regional Office Market Q1 2015 Q2 2015 Trend
Office Inventory 18,259,041 18,259,041
Net Absorption -23,719 -17,548
Vacancy Rate 5.5% 5.5%
Availability Rate 10.6% 12.0%
Average Asking Net Rent $12.96 $13.38
Notable Lease Notable Sale New Supply
Upcoming New Supply
ADDRESS CLASS FLOORS SIZE (SF) DEVELOPER COMPLETION STATUS
4. 3377 Steeles Avenue East A 6 280,000 Bentall Real Estate Services Planned
5. 101 Gordon Baker Road A 12 250,000 Osmington Inc. Planned
Notable Sale Transactions
PURCHASER - ADDRESS PRICE
APPROXIMATE
SIZE (SF)
2.
The Bank of Nova Scotia
- 90 Wynford Drive
$16,600,000 172,113
3.
Integrated Condominium
Management - 18 Wynford Drive
$12,311,830 97,615
Highway 407
Eglinton Ave
Finch Ave
Highway404
YongeSt
VictoriaParkAve
KennedyAve
Sheppard Ave
Steeles Ave
Highway 401
MarkhamRd
KeeleSt
4
SCARBOROUGH
TORONTO
5
Finch
Kennedy
Union
Lake Ontario
1
3 2
Historical Performance and Forecast
(600,000)
(400,000)
(200,000)
-
200,000
400,000
600,000
800,000
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
2009Q2
2009Q3
2009Q4
2010Q1
2010Q2
2010Q3
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
Net Absorption (SF) New Supply (SF) Vacancy Rate (%)
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
-300,000
-200,000
-100,000
0
100,000
200,000
300,000
400,000
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
20151Q
20152Q
20153Q
20154Q
20161Q
9. 9Research & Forecast Report | Q2 2015 | Greater Toronto Area / Office | Colliers International
GTA East
Little has changed within this market over the past year with
a slowing in leasing activity. Vacancy and availability rates
remain relatively high in the Pickering/Oshawa submarket at
7.4 percent and 15.6 percent respectively. Leasing activity
within the Scarborough Town Centre submarket will be
enhanced by the Consilium Place renovations which will
be completed this fall. With businesses throughout the city
displaying an appetite for new built-out office space, Consilium
Place should be competitive in attracting companies. The
location of the STC subway stop is under review.
Trends
>> Average Net and Gross Rents in the GTA East market are very cost
competitive as they remain the lowest in the GTA.
Summary Statistics
Q2 2015 Regional Office Market Q1 2015 Q2 2015 Trend
Office Inventory 7,406,240 7,406,240
Net Absorption -52,552 -12,531
Vacancy Rate 6.9% 7.1%
Availability Rate 7.7% 9.9%
Average Asking Net Rent $11.51 $11.53
Notable Lease Notable Sale New Supply
Upcoming New Supply
ADDRESS CLASS FLOORS SIZE (SF) DEVELOPER COMPLETION STATUS
1. 65 Bayly Street West 2 31500 Medallion Corporation 2016 Under Construction
2. 400 Consilium Place 15 375,000 (up to 900,000 available in 3 towers) Kevric Corporation Planned
Taunton Rd
Kingston Rd
Highway 407
BrockRd
Sheppard Ave
Steeles Ave
Highway 40
York&DurhamLine
Scarborough
Town Centre
Stouffville
Pickering Osha
Markham
2
1
TORONTO
OSHAW
PICKERING
Lake Ontario
Historical Performance and Forecast
(600,000)
(400,000)
(200,000)
-
200,000
400,000
600,000
800,000
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
2009Q2
2009Q3
2009Q4
2010Q1
2010Q2
2010Q3
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
Net Absorption (SF) New Supply (SF) Vacancy Rate (%)
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
-150,000
-100,000
-50,000
0
50,000
100,000
150,000
200,000
250,000
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
20151Q
20152Q
20153Q
20154Q
20161Q
10. 10 Research & Forecast Report | Q2 2015 | Greater Toronto Area / Office | Colliers International
GTA West
Although the GTA West vacancy and availability rates continue
to trail the performances of other suburban centers and the
downtown node, there was just under 800,000 square feet
of new office inventory added to the market and another
1.3 million square feet that is currently under construction.
Sobeys Inc. completed their office expansion and consolidation
into 237,000 square feet in Q2, 2015 as did TJX Group of
Companies with their new facility at 60 Standish Court. This
continuing trend of movement to newer office facilities has
developers announcing further speculative office projects with
the most recent being Carterra Private Equities who will break
ground on just over 100,000 square feet within their Oakwoods
Business Park Development in Oakville in late summer.
Trends
>> Recent announcements have several of the large block vacancies
being leased up. These include PointClickCare and the Bank of
Nova Scotia.
Notable Lease Transactions
TENANT NAME - ADDRESS TYPE
APPROXIMATE
SIZE (SF)
1.
Desjardins - 3 Robert Speck pkwy
& 1 Robert Speck pkwy
Renewal and
Expansion
190,000 &
60,000
2. PointClickCare - 5550 Explorer Dr Headlease 185,000
3. Maple Leaf Foods - 6985 Financial Dr Renewal 104,731
4.
Investment Planning Council
- Spectrum Square
Headlease 50,000
Summary Statistics
Q2 2015 Regional Office Market Q1 2015 Q2 2015 Trend
Office Inventory 49,617,239 50,402,705
Net Absorption -36,683 405,918
Vacancy Rate 10.0% 10.4%
Availability Rate 16.9% 16.6%
Average Asking Net Rent $15.13 $14.63
Notable Lease Notable Sale New Supply
Upcoming New Supply
ADDRESS CLASS FLOORS SIZE (SF) DEVELOPER COMPLETION STATUS
8. 60 Standish Court (West Tower) A 7 179,000 Orlando Corporation Q2 2015 Completed
9. 60 Standish Court (East Tower) A 6 156,000 Orlando Corporation Q2 2015 Completed
10. 1 Prologis Boulevard A 5 146,863 HOOPP - Healthcare of Ontario Pension Plan Q2 2015 Completed
11. 5015 Spectrum Way A 5 134,000 HOOPP - Healthcare of Ontario Pension Plan Q2 2015 Completed
12. 1100 Walker’s Line A 6 60,000 Kamisa Corp Q2 2015 Completed
13. 85 Prologis Boulevard B 1 44,751 HOOPP - Healthcare of Ontario Pension Plan Q2 2015 Completed
14. 1006 Skyview Drive A 2 36,339 Q2 2015 Completed
15. 1375 North Service Road East A 1 28,513 Carttera Private Equities Inc. Q2 2015 Completed
Notable Sale Transactions
PURCHASER - ADDRESS PRICE
APPROXIMATE
SIZE (SF)
5.
Manulife Financial
- 5090 Explorer Drive
$22,540,000 169,050
6.
The Regional Municipality of Peel
- 7150 Mississauga Road
$21,950,000 79,406
7. Manulife Financial - 25 Watline Avenue $8,428,000 88,550
Kipling
Georgetown
Milton
Lake Ontario
QEW
Highway 407
Highway 403
hwy427
Highway10
Highway 4016
15
13
14
TORONTO
BRAMPTON
OAKVILLE
MISSISSAUGA
12
3
8 59
1011 2
47
1
Historical Performance and Forecast
(600,000)
(400,000)
(200,000)
-
200,000
400,000
600,000
800,000
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
2009Q2
2009Q3
2009Q4
2010Q1
2010Q2
2010Q3
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
Net Absorption (SF) New Supply (SF) Vacancy Rate (%)
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
-600,000
-400,000
-200,000
0
200,000
400,000
600,000
800,000
1,000,000
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
20151Q
20152Q
20153Q
20154Q
20161Q
11. 11Research & Forecast Report | Q2 2015 | Greater Toronto Area / Office | Colliers International
Glossary
Weighted Average Asking Net Rent:
The dollar amount requested by landlords for an available space, expressed as an average based on the weight of
available space.
Availability:
The total amount of space that is currently being marketed as available for lease or sublease at the end of the quarter.
It includes space that is available, regardless of whether the space is vacant or occupied.
Net Absorption:
The net absorption in available space in a given market between the current quarter and the previous quarter.
Direct Availability:
Space that is being offered for lease directly from the landlord or owner of a building, not space by another tenant in the
building trying to sublet a space that has already been leased.
Sublease Availability:
Sublet space that is available for sublease by a tenant to another lessee for a term equal to or shorter than that held by
the tenant under its original lease with the landlord.
Under Construction:
Buildings where actual ground breaking has occurred (site excavation or foundation poured) and construction is
ongoing (not abandoned or discontinued) but for which a certificate of occupancy has not yet been issued.
New Supply:
Total square footage with completed construction, where all that remains is the installation of tenant finishes.
Days on the Market (DOM):
How many days an available industrial property has been on the market for.
GTA Central:
Includes East York, Etobicoke, North York, Scarborough, Toronto and York.
GTA East:
Includes Ajax, Oshawa, Pickering, and Whitby.
GTA North:
Includes Aurora, Markham, Newmarket, Richmond Hill, Vaughan and Whitchurch-Stouffville.
GTA West:
Includes Brampton, Burlington, Caledon, Milton, Mississauga and Oakville.
GTA Southwest:
Includes Hamilton and Stoney Creek.
Forecast Assumptions & Terminology
Absorption was calculated using moving averages of historical absorption data and supplemented with incoming new
speculative and build-to-suit developments.
Colliers International has adopted NAIOP’s terms and definitions which is reflected in this glossary and report.