COLLIERS TORONTO ONE, OFFICE STATISTICS - Q2 2009 Greater Toronto Area Sublet Availability 3
Q2 2009 Availability Rate 4
Q2 2008 Availability
Net Absorption
Net Absorption
Net New Supply
Currently Under
Q2 2009
12 Months
Avg. Asking Net Rental Rates 5
Avg. Asking Gross
Rate
Rental Rates
Q2 2009
Construction
1,919,462 2,812,879 2,194,273 936,035 7,862,650
9.6% 24.5% 25.8% 12.3% 19.8%
12.5% 10.4% 6.4% 7.2% 8.8%
9.4% 10.5% 4.7% 6.7% 7.6%
(35,253) 5,207 63,041 52,915 85,909
(10,821) 514,464 (65,649) 154,472 592,467
$31.50 $23.22 $18.66 $15.23 $22.49
$63.22 $43.94 $36.54 $28.66 $43.66
3.1% 3.5% 4.5% 3.4% 3.5%
1,919,462 810,299 582,060 262,671 3,574,492
9.6% 27.3% 24.0% 21.4% 16.8%
12.5% 8.3% 10.3% 7.2% 10.4%
9.4% 7.8% 5.5% 4.0% 7.7%
(35,253) (30,175) 12,836 (2,623) (55,215)
(10,821) 197,313 (213,977) 83,906 56,422
$31.50 $29.04 $22.73 $17.25 $27.66
$63.22 $55.51 $44.94 $35.92 $54.97
356,648 1,476,027 798,444 387,668 3,018,787
3.1% 6.9% 3.2% 3.8% 4.4%
1,919,462 2,305,944 1,476,552 652,199 6,354,157
9.6% 27.1% 27.8% 14.6% 20.7%
12.5% 10.4% 6.0% 6.4% 8.8%
9.4% 10.8% 4.2% 5.7% 7.6%
(35,253) (28,742) 7,189 7,621 (49,185)
(10,821) 565,274 (139,907) 126,434 540,980
$31.50 $24.57 $20.13 $15.73 $24.26
$63.22 $45.54 $37.78 $28.20 $46.28
25,995
4,869,916 9,392,274 2,752,573 17,014,763
327,802 429,715 185,903 943,421
6.7% 4.6% 6.8% 5.5%
506,935 717,722 283,837 1,508,493
12.9% 21.6% 6.9% 15.9%
10.4% 7.6% 10.3% 8.9%
9.2% 5.8% 10.6% 7.6%
33,948 55,853 45,294 135,095
(50,809) 74,258 28,038 51,487
$18.78 $15.31 $14.38 $16.40
$38.70 $33.73 $29.42 $34.64
0
360 573 388 1321
43,733,841 38,540,604 13,392,165 95,666,610
3,064,783 2,461,816 868,706 6,395,305
7.0% 6.4% 6.5% 6.7%
4,659,472 3,579,159 1,343,371 9,582,002
24.8% 17.0% 17.2% 20.8%
10.3% 9.3% 10.0% 9.9%
9.4% 7.8% 6.3% 8.3%
682,573 (40,813) (70,081) 571,680
1,812,411 (132,829) (46,126) 1,633,456
$15.96 $13.00 $12.32 $14.29
$29.76 $25.45 $20.18 $26.73
A B C
107 217 133
14,497,215 16,130,638 4,358,777
1,283,406 1,272,579 312,402
8.9% 7.9% 7.2%
1,799,815 1,757,979 396,761
19.8% 18.3% 20.6%
12.2% 10.9% 9.1%
11.4% 9.9% 5.6%
107,991 140,815 6,548
547,210 64,183 (35,862)
$14.73 $11.82 $10.79
$28.40 $24.82 $18.96
All
457
34,986,630
2,868,386
8.2%
3,954,555
19.2%
11.2%
10.0%
255,355
575,531
$12.96
$25.73
June-09 Buildings
Office Inventory 1
Vacant Space
Vacancy Rate 2
Office Concentration
Class
Surveyed
CENTRAL AREA TOTAL:
AAA A B C All
10 130 322 262 724
37,955,178 11,566,364 26,388,814 34,035,825 13,006,876 84,997,879
356,648 1,803,830 1,228,158 573,571 3,962,208
3.1% 6.8% 3.6% 4.4% 4.7%
Financial Core
AAA A B C All
10 24 37 34 105
11,566,364 9,562,780 5,643,070 3,639,018 30,411,232
356,648 332,355 251,742 125,263 1,066,008
Downtown
AAA A B C All
10 111 241 197 559
11,566,364 21,518,898 24,643,551 10,254,303 67,983,116
A B C All
19 81 65 165
A B C All
Midtown
SUBURBS TOTAL:
GTA East
GTA North
GTA West
Available Space
A
58
7,832,544
446,486
5.7%
730,922
31.6%
9.3%
7.3%
51,001
290,466
$18.61
$36.57
B
85
6,128,812
213,423
3.5%
312,262
13.9%
5.1%
3.8%
(47,099)
(71,229)
$14.32
$30.27
C
54
1,410,798
46,704
3.3%
63,004
0.0%
4.5%
1.4%
(7,532)
(22,557)
$11.53
$21.37
All
197
15,372,154
706,613
4.6%
1,106,188
24.8%
7.2%
5.4%
(3,630)
196,679
$16.92
$33.92
195
21,404,082
1,334,891
6.2%
2,128,735
26.7%
9.4%
8.7%
523,581
974,735
$16.16
$28.77
B
271
16,281,154
975,815
6.0%
1,508,919
16.1%
9.3%
7.3%
(134,529)
(125,782)
$14.21
$25.13
C
A
201
7,622,590
509,600
6.7%
883,606
16.8%
11.6%
7.7%
(69,097)
12,292
$13.13
$20.75
All
667
45,307,826
2,820,306
6.2%
4,521,260
21.2%
9.7%
8.0%
319,955
861,245
$14.91
$25.98
25,995
4,570,891 3,813,891 207,000
487
4,020,891 3,813,891 757,000
4,570,891
1,593,524
495,782
1,593,524
241,681
17,246
241,681
-
1,351,843
478,536
1,351,843
GREATER
AAA
10
11,566,364
356,648
3.1%
9.6%
12.5%
9.4%
(35,253)
(10,821)
$31.50
$63.22
3,813,891
TORONTO
A
490
70,122,655
4,868,613
6.9%
7,472,351
24.7%
10.3%
9.8%
687,780
2,326,875
$18.41
$34.55
2,350,524
AREA
B
895
72,576,429
3,689,975
5.1%
5,773,433
20.3%
8.0%
6.4%
22,229
(198,478)
$14.95
$29.27
TOTAL:
1,919,462
3,813,891 757,000
C
650
26,399,041
1,442,277
5.5%
2,279,406
15.1%
8.6%
6.5%
(17,166)
108,345
$13.43
$23.43
All
2,045
180,664,489
10,357,513
5.7%
17,444,652
20.3%
9.3%
8.0%
657,589
2,225,922
$17.58
$33.52
521,777
6,164,415
SURVEY RESULTS PRESENTED IN THIS REPORT HAVE BEEN CONDENSED FOR EASY REFERENCE.
0 NOTES: 1
Office Inventory:
For the purpose of this report, buildings with less than 10,000 sf of office space and buildings owned and occupied by the government have not been included in the office inventory.
2
Vacancy Rate:
The Vacancy Rate is the amount of vacant space divided by the existing building inventory base. Vacant space is available and physically unoccupied, and it includes both head lease and sublease space.
3
Sublet Availability:
This ratio represents the share of available sublease space of the total available space.
4
Availability Rate:
The Availability Rate is the amount of available space divided by the building inventory base. Available space is space that is available for lease and may or may not be vacant.
5
Average Rental Rates:
Average rental rates are calculated off available spaces which also quote rental figures.
Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice.
COLLIERS TORONTO ONE, OFFICE STATISTICS - Q2 2009 Downtown Q2 2009
Q2 2008
Buildings
Office
Vacant
Vacancy
Available
Sublet
Availability
Availability
Net Absorption
Net Absorption
Class
Surveyed
Inventory
Space
Rate
Space
Availability
Rate
Rate
Q2 2009
12 Months
A
111
21,518,898
1,476,027
6.9%
2,305,944
27.1%
10.4%
10.8%
(28,742)
565,274
$24.57
$45.54
757,000
AAA
10
11,566,364
356,648
3.1%
1,919,462
9.6%
12.5%
9.4%
(35,253)
(10,821)
$31.50
$63.22
3,813,891
$37.78
June-09 Concentration
DOWNTOWN TOTAL:
Financial Core
Downtown East
Downtown North
Downtown South
Downtown West
Toronto West
Avg.
Avg.
Net
Asking Net
Asking Gross
New Supply
Under
Q2 2009
Construction
Rental Rates Rental Rates
Currently
B
241
24,643,551
798,444
3.2%
1,476,552
27.8%
6.0%
4.2%
7,189
(139,907)
$20.13
C
197
10,254,303
387,668
3.8%
652,199
14.6%
6.4%
5.7%
7,621
126,434
$15.73
$28.20
All
559
67,983,116
3,018,787
4.4%
6,354,157
20.7%
8.8%
7.6%
(49,185)
540,980
$24.26
$46.28
AAA
10
11,566,364
356,648
3.1%
1,919,462
9.6%
12.5%
9.4%
(35,253)
(10,821)
$31.50
$63.22
3,813,891
A
24
9,562,780
332,355
3.5%
810,299
27.3%
8.3%
7.8%
(30,175)
197,313
$29.04
$55.51
207,000
B
37
5,643,070
251,742
4.5%
582,060
24.0%
10.3%
5.5%
12,836
(213,977)
$22.73
$44.94
C
34
3,639,018
125,263
3.4%
262,671
21.4%
7.2%
4.0%
(2,623)
83,906
$17.25
$35.92
All
105
30,411,232
1,066,008
3.5%
3,574,492
16.8%
10.4%
7.7%
(55,215)
56,422
$27.66
$54.97
A
23
1,164,991
73,986
6.4%
141,063
32.1%
8.2%
4.6%
(2,261)
61,449
$16.73
$32.50
B
54
2,460,555
53,797
2.2%
142,291
17.9%
5.8%
1.9%
15,191
(6,452)
$19.23
$32.62
C
30
901,857
45,717
5.1%
60,313
7.3%
6.7%
9.6%
10,753
21,101
$13.99
$1.84
All
107
4,527,403
173,500
3.8%
343,667
21.9%
6.8%
4.2%
23,683
76,098
$17.27
$25.17
A
13
5,624,728
160,221
2.8%
358,899
54.9%
6.4%
7.5%
1,677
134,621
$20.09
$42.87
B
31
6,526,482
159,082
2.4%
230,947
42.1%
3.5%
4.4%
(42,483)
159,761
$17.67
$36.55
C
29
2,588,982
38,633
1.5%
74,677
9.6%
2.9%
5.1%
(2,303)
47,939
$17.10
$33.66
All
73
14,740,192
357,936
2.4%
664,523
45.4%
4.5%
5.7%
(43,109)
342,321
$18.71
$39.05
A
3
948,863
34,035
3.6%
64,883
33.6%
6.8%
3.9%
(15,159)
(26,289)
$28.42
$49.38
B
5
1,220,803
45,350
3.7%
83,890
46.9%
6.9%
11.3%
3,692
(2,320)
$16.62
$31.88
C
7
283,859
-
0.0%
-
0.0%
0.0%
0.0%
0
0
$0.00
$0.00
All
15
2,453,525
79,385
3.2%
148,773
41.1%
6.1%
7.1%
(11,467)
(28,609)
$22.28
$40.28
A
45
4,149,036
875,431
21.1%
930,800
15.0%
22.4%
27.0%
17,177
198,179
$23.82
$41.45
B
101
8,507,856
272,810
3.2%
418,557
26.0%
4.9%
3.1%
18,008
(57,258)
$18.37
$28.80
C
69
1,883,612
87,666
4.7%
162,310
16.9%
8.6%
6.2%
4,305
(30,656)
$13.71
$20.18
All
215
14,540,504
1,235,907
8.5%
1,511,666
18.3%
10.4%
10.2%
39,489
110,266
$21.64
$36.57
68,500
-
0.0%
-
0.0%
0.0%
0
0
$0.00
$0.00
B
13
284,785
15,662
5.5%
18,807
0.0%
6.6%
1.8%
(55)
(19,662)
$11.02
$22.85
C
A
28
3
956,975
90,389
9.4%
92,229
0.0%
9.6%
11.0%
0.0%
(2,511)
4,144
$6.49
$15.43
All
44
1,310,260
106,051
8.1%
111,036
0.0%
8.5%
8.4%
(2,566)
(15,518)
$8.68
$19.01
25,995
487
4,570,891
4,020,891
550,000
15,000
550,000
0
0
10,508
0
Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice.
COLLIERS TORONTO ONE, OFFICE STATISTICS - Q2 2009 Midtown Q2 2009
June-09 Buildings Concentration
Class Surveyed
Q2 2008
Office
Vacant
Vacancy
Available
Sublet
Availability Availability Net Absorption
Net Absorption
Inventory
Space
Rate
Space
Availability
Rate
Rate
Q2 2009
12 Months
Avg.
Avg.
Net
Asking Net
Asking Gross
New Supply
Under
Q2 2009
Construction
0
0
0
0
0
0
0
0
Rental Rates Rental Rates
MIDTOWN
A
19
4,869,916
327,802
6.7%
506,935
12.9%
10.4%
9.2%
33,948
(50,809)
$18.78
TOTAL:
B
81
9,392,274
429,715
4.6%
717,722
21.6%
7.6%
5.8%
55,853
74,258
$15.31
$33.73
C
65
2,752,573
185,903
6.8%
283,837
6.9%
10.3%
10.6%
45,294
28,038
$14.38
$29.42
All
165
17,014,763
943,421
5.5%
1,508,493
15.9%
8.9%
7.6%
135,095
51,487
$16.40
$34.64
A
8
2,653,810
196,659
7.4%
239,306
23.8%
9.0%
9.5%
18,075
(50,679)
$21.98
$41.69
B
37
5,461,550
255,302
4.7%
341,121
17.8%
6.2%
4.8%
8,357
(25,370)
$17.32
$38.16
C
28
1,418,837
128,102
9.0%
185,259
7.5%
13.1%
13.7%
6,498
59,793
$13.21
$29.42
All
73
9,534,197
580,064
6.1%
765,686
17.2%
8.0%
7.4%
32,930
(16,256)
$17.70
$36.56
A
7
1,414,762
123,743
8.7%
207,590
2.9%
14.7%
12.9%
7,863
(13,096)
$15.78
$35.65
B
26
2,369,387
142,004
6.0%
238,790
12.6%
10.1%
9.0%
48,648
63,287
$13.72
$31.03
C
22
844,729
57,802
6.8%
94,972
3.4%
11.2%
9.9%
25,256
(28,091)
$16.47
$29.35
All
55
4,628,878
323,548
7.0%
541,352
7.3%
11.7%
10.3%
81,767
22,100
$15.01
$32.53
Yonge-Bloor
Yonge-Eglinton
Yonge-St.Clair
Currently
$38.70
A
4
801,344
7,400
0.9%
60,040
3.9%
7.5%
1.5%
8,009
12,965
$19.10
$39.87
B
18
1,561,337
32,409
2.1%
137,810
46.5%
8.8%
4.8%
(1,152)
36,341
$15.91
$33.67
C
15
489,007
All
37
2,851,688
-
0.0%
3,606
68.9%
0.7%
3.0%
13,540
(3,664)
$13.50
$31.79
39,809
1.4%
201,456
34.2%
7.1%
3.6%
20,397
45,642
$16.83
$35.50
Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice.
COLLIERS TORONTO ONE, OFFICE STATISTICS - Q2 2009 GTA North Office
Vacant
Vacancy
Available
Sublet
Q2 2009 Availability
Q2 2008 Availability
Net Absorption
Net Absorption
Avg. Asking Net
Avg. Asking Gross
Net New Supply
Currently Under
Inventory
Space
Rate
Space
Availability
Rate
Rate
Q2 2009
12 Months
Rental Rates
Rental Rates
Q2 2009
Construction
0
0
0
0
0
0
0
0
0
0
0
0
June-09 Buildings Concentration
Class Surveyed
GTA NORTH
A
58
7,832,544
446,486
5.7%
730,922
31.6%
9.3%
7.3%
51,001
290,466
$18.61
$36.57
TOTAL:
B
85
6,128,812
213,423
3.5%
312,262
13.9%
5.1%
3.8%
(47,099)
(71,229)
$14.32
$30.27
C
54
1,410,798
46,704
3.3%
63,004
0.0%
4.5%
1.4%
(7,532)
(22,557)
$11.53
$21.37
All
197
15,372,154
706,613
4.6%
1,106,188
24.8%
7.2%
5.4%
(3,630)
196,679
$16.92
$33.92
Dufferin/Finch
A
3
42,500
14,000
0.0%
14,000
0.0%
0.0%
0.0%
0
0
$0.00
$0.00
B
15
930,644
7,640
0.8%
34,528
11.8%
3.7%
6.8%
(780)
15,370
$9.42
$24.89
C
11
243,016
2,000
0.8%
18,300
0.0%
7.5%
0.3%
0
(400)
$7.71
$17.11
All
29
1,216,160
23,640
1.9%
66,828
6.1%
5.5%
5.3%
(780)
14,970
$9.23
$24.03
North Yonge
A
24
6,065,501
360,024
5.9%
619,007
0.0%
10.2%
6.5%
19,961
57,155
$18.66
$38.01
Corridor
B
26
2,546,517
158,234
6.2%
196,726
0.0%
7.7%
4.7%
(5,821)
(45,421)
$15.43
$33.16
C
16
294,061
1,680
0.6%
1,680
0.0%
0.6%
0.6%
0
(1,520)
$16.00
$33.00
All
66
8,906,079
519,938
5.8%
817,413
0.0%
9.2%
5.8%
14,140
10,213
$17.69
$36.55
A
2
369,705
-
0.0%
16,383
0.0%
4.4%
1.2%
0
2,132
$17.00
$29.00
B
7
230,118
12,400
5.4%
13,400
20.9%
5.8%
4.8%
(3,960)
(7,900)
$12.99
$22.50
Richmond Hill
Vaughan/Woodbridge
Keele Hwy 401/Yorkdale
C
2
40,000
-
0.0%
-
0.0%
0.0%
0.0%
0
0
$0.00
$0.00
All
11
639,823
12,400
1.9%
29,783
9.4%
4.7%
2.4%
(3,960)
(5,768)
$15.34
$26.30
A
19
861,507
52,502
6.1%
61,572
0.0%
7.1%
21.1%
14,199
218,939
$20.14
$31.57
B
26
1,312,510
24,748
1.9%
42,773
4.2%
3.3%
1.5%
(14,990)
(14,990)
$13.90
$24.10
C
14
479,996
18,624
3.9%
18,624
0.0%
3.9%
2.1%
(8,432)
(3,937)
$16.00
$24.00
All
59
2,654,013
95,874
3.6%
122,969
1.5%
4.6%
6.6%
(9,223)
200,013
$17.40
$27.99
A
10
493,331
19,960
4.0%
19,960
0.0%
4.0%
5.6%
16,840
12,240
$14.00
$24.95
B
11
1,109,023
10,401
0.9%
24,835
23.4%
2.2%
1.8%
(21,547)
(18,289)
$12.50
$27.00
C
11
353,725
24,400
6.9%
24,400
0.0%
6.9%
2.1%
900
(16,700)
$7.33
$18.39
All
32
1,956,079
54,761
2.8%
69,195
8.4%
3.5%
2.8%
(3,807)
(22,749)
$11.67
$23.42
Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice.
COLLIERS TORONTO ONE, OFFICE STATISTICS - Q2 2009 GTA East Q2 2009
Q2 2008
Office
Vacant
Vacancy
Available
Sublet
Availability
Availability
Net Absorption
Net Absorption
Inventory
Space
Rate
Space
Availability
Rate
Rate
Q2 2009
12 Months
June-09 Buildings Concentration
Class Surveyed
Avg.
Avg.
Net
Asking Net
Asking Gross
New Supply
Under
Q2 2009
Construction
Rental Rates Rental Rates
GTA EAST
A
107
14,497,215
1,283,406
8.9%
1,799,815
20%
12.2%
11.4%
107,991
547,210
$14.73
$28.40
TOTAL:
B
217
16,130,638
1,272,579
7.9%
1,757,979
18%
10.9%
9.9%
140,815
64,183
$11.82
$24.82
C
133
4,358,777
312,402
7.2%
396,761
21%
9.1%
5.6%
6,548
(35,862)
$10.79
$18.96
All
457
34,986,630
2,868,386
8.2%
3,954,555
19%
11.2%
10.0%
255,355
575,531
$12.96
$25.73
A
6
1,311,109
77,775
5.9%
148,696
26%
11.3%
11.3%
13,564
26,306
$13.66
$29.95
B
16
1,969,632
193,723
9.8%
265,666
6%
13.5%
10.7%
27,670
28,901
$11.81
$23.28
C
8
436,465
31,764
7.3%
36,906
0%
8.5%
2.9%
0
7,910
$10.33
$19.51
All
30
3,717,206
303,261
8.2%
451,268
12%
12.1%
10.0%
41,234
63,117
$12.30
$25.17
Consumers Road
Duncan Mill
Don Mills
A
5
559,619
225,861
40.4%
228,292
1%
40.8%
40.6%
(2,431)
145
$14.49
$29.16
B
21
1,422,706
26,545
1.9%
55,640
43%
3.9%
3.4%
45,605
33,432
$10.04
$24.74
C
13
257,678
-
0.0%
-
0%
0.0%
0.0%
4,800
40,227
$0.00
$0.00
All
39
2,240,003
9%
12.7%
12.4%
47,974
73,804
$13.91
$28.58
A
7
1,091,936
39,306
3.6%
45,387
0%
4.2%
3.2%
0
B
38
3,915,208
608,409
15.5%
820,164
23%
20.9%
17.7%
19,376
252,406
11.3%
283,932
74,679
$12.00
$28.10
(60,566)
$12.29
$26.44
C
17
543,632
26,299
4.8%
29,299
0%
5.4%
2.4%
1,725
721
$8.65
$21.02
All
62
5,550,776
674,014
12.1%
894,849
21%
16.1%
13.3%
21,101
14,835
$12.15
$26.34
Highway 404
A
34
4,200,184
333,351
7.9%
639,029
37%
14.8%
12.5%
47,226
191,894
$15.77
$26.76
Corridor
B
46
2,571,980
157,962
6.1%
199,028
13%
7.7%
6.6%
41,968
893
$13.20
$24.70
Woodbine & Steeles
Markham
Pickering-Oshawa
C
43
1,553,708
125,541
8.1%
183,459
38%
11.8%
2.4%
(5,212)
(100,666)
$8.77
$14.98
All
123
8,325,872
616,853
7.4%
1,021,515
33%
12.1%
8.8%
83,982
92,122
$13.70
$23.78
A
16
3,325,601
223,840
6.7%
294,312
18%
8.8%
7.6%
(5,463)
12,490
$14.09
$28.33
B
20
1,434,410
100,920
7.0%
144,489
22%
10.1%
15.6%
3,009
(1,373)
$8.72
$19.79
0
(5,114)
$10.55
$19.48
6,003
$12.13
$25.12
C
13
326,131
11,314
3.5%
12,314
0%
3.8%
1.5%
All
49
5,086,142
336,073
6.6%
451,115
19%
8.9%
9.5%
(2,454)
A
13
1,273,233
114,812
9.0%
139,622
14%
9.9%
12.2%
55,096
150,362
$14.94
$25.44
B
21
1,679,019
26,448
1.6%
62,448
58%
3.7%
1.9%
992
28,023
$12.97
$25.14
C
8
183,832
All
42
3,136,084
-
A
10
876,196
1,967
0.2%
1,967
0%
0.2%
0.2%
0
2,340
$10.00
$20.95
B
15
542,424
22,610
4.2%
22,610
0%
4.2%
5.7%
0
11,703
$12.00
$20.98
141,261
0.0%
11,990
18%
6.5%
2.2%
6,275
1,750
$8.99
$18.40
4.5%
214,060
27%
6.5%
6.2%
62,363
180,135
$14.17
$24.87
C
7
205,620
9,000
4.4%
9,000
100%
4.4%
23.8%
0
18,500
$0.00
$0.00
All
32
1,624,240
33,577
2.1%
33,577
27%
2.1%
5.0%
0
32,543
$11.84
$20.97
Scarborough
A
13
1,593,687
266,495
16.7%
302,511
1%
19.0%
19.4%
0
88,994
$14.83
$31.35
Town Centre
B
27
1,669,488
130,324
7.8%
155,554
0%
9.3%
10.7%
8,823
40,698
$11.10
$24.22
Toronto East
C
18
652,216
92,285
14.1%
97,595
0%
15.0%
16.3%
(1,040)
All
58
3,915,391
489,104
12.5%
555,660
1%
14.2%
15.2%
7,783
A
3
265,650
-
0.0%
-
0%
0.0%
0.0%
B
13
925,771
5,638
0.6%
32,379
0%
3.5%
1.1%
C
6
199,495
16,200
8.1%
16,200
0%
8.1%
7.5%
All
22
1,390,916
21,838
1.6%
48,579
0%
3.5%
1.8%
0 (6,628) 0 (6,628)
2,010
$16.02
$24.81
131,701
$14.13
$28.18
0 (17,528)
$0.00
$0.00
$9.65
$25.48
(1,200)
$7.00
$20.43
(18,728)
$8.77
$23.79
Currently
241,681
17,246
241,681
0
0
0
0
17,246
0
103,256
0
103,256
0
0
138,425
0
138,425
0
0
0
0
0
0
Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice.
COLLIERS TORONTO ONE, OFFICE STATISTICS - Q2 2009 GTA West June-09 Buildings
Q2 2009 Q2 2008 Availability Availability Absorption
Office
Vacant
Vacancy
Available
Sublet
Space
Rate
Space
Availability
Rate
Rate
Avg. Asking Net
Avg. Asking Gross
Net New Supply
Currently Under
12 Months
Rental Rates
Rental Rates
Q2 2009
Construction
Concentration
Class Surveyed
Inventory
GTA WEST
A
195
21,404,082
1,334,891
6.2%
2,128,735
27%
9.4%
8.7%
523,581
974,735
$16.16
$28.77
TOTAL:
B
271
16,281,154
975,815
6.0%
1,508,919
16%
9.3%
7.3%
(134,529)
(125,782)
$14.21
$25.13
C
201
7,622,590
509,600
6.7%
883,606
17%
11.6%
7.7%
(69,097)
12,292
$13.13
$20.75
All
667
45,307,826
2,820,306
6.2%
4,521,260
21%
9.7%
8.0%
319,955
861,245
$14.91
$25.98
Airport Corporate
A
20
2,239,158
202,422
9.0%
431,370
49%
17.5%
13.0%
(17,955)
32,619
$17.62
$31.33
Centre
B
27
1,860,409
101,285
5.4%
279,686
19%
15.0%
7.0%
(4,496)
48,484
$15.24
$27.14
C
30
1,344,754
133,068
9.9%
303,410
2%
22.6%
9.5%
(2,268)
(14,769)
$14.91
$23.19
All
77
5,444,321
436,774
8.0%
1,014,465
27%
17.9%
10.2%
(24,719)
66,334
$15.95
$27.04
Airport East
Airport West
Bloor Islington
Brampton
Burlington
Cooksville
Hwy 401 Hurontario
Q2 2009
Net Absorption
A
8
951,602
138,494
14.6%
207,432
17%
21.8%
14.7%
13,368
(28,152)
$14.25
$27.59
B
33
2,187,108
360,908
16.5%
499,751
3%
22.8%
15.6%
(49,901)
(181,180)
$13.34
$24.66
C
28
961,197
134,167
14.0%
181,567
43%
18.9%
13.2%
(48,889)
(42,385)
$13.50
$21.15
All
69
4,099,907
633,569
15.5%
888,750
15%
21.7%
14.8%
(85,422)
(251,717)
$13.62
$24.98
A
19
2,506,045
83,052
3.3%
85,172
2%
3.3%
8.7%
348,000
418,877
$18.61
$30.22
B
23
1,389,033
65,574
4.7%
72,765
13%
5.2%
4.5%
(25,178)
(32,904)
$15.60
$25.27
C
14
561,175
56,286
10.0%
56,286
0%
10.0%
7.6%
(6,963)
(15,678)
$7.32
$16.42
All
56
4,456,253
204,912
4.6%
214,223
5%
4.7%
7.1%
315,860
370,294
$14.68
$24.97
A
15
2,399,819
93,455
3.9%
215,869
37%
9.0%
4.8%
37,928
(11,813)
$14.11
$30.15
B
31
1,513,222
60,199
4.0%
85,585
26%
5.7%
8.9%
5,152
46,468
$12.14
$27.09
C
24
648,323
61,300
9.5%
61,300
0%
9.5%
11.5%
(1,260)
(576)
$10.10
$6.60
All
70
4,561,364
214,955
4.7%
362,754
28%
8.0%
7.1%
41,821
34,078
$12.50
$23.03
A
13
720,817
1,260
0.2%
13,419
0%
1.8%
5.0%
0
13,508
$15.50
$27.26
B
10
1,468,690
11,295
0.8%
19,055
72%
1.3%
0.1%
0
(15,700)
$9.50
$18.14
C
3
110,000
10,000
9.1%
12,000
0%
10.9%
0.0%
0
(30,000)
$9.83
$19.21
All
26
2,299,507
22,555
1.0%
44,474
31%
1.9%
1.7%
0
(32,192)
$11.96
$12.09
A
20
1,781,489
213,229
12.0%
309,017
8%
17.3%
14.1%
15,427
25,065
$16.74
$27.06
B
32
1,430,466
82,707
5.8%
104,882
18%
7.3%
5.6%
(798)
(28,667)
$12.27
$20.76
C
27
1,051,582
68,268
6.5%
112,157
25%
10.7%
9.5%
(4,644)
11,075
$10.59
$17.86
All
79
4,263,537
364,203
8.5%
526,056
14%
12.3%
10.1%
9,986
7,473
$14.64
$24.00
A
5
668,427
10,672
1.6%
11,872
0%
1.8%
1.5%
(2,000)
8,405
$15.88
$29.14
B
15
762,277
65,525
8.6%
69,756
4%
9.2%
19.2%
6,095
22,155
$12.38
$24.52
C
13
317,020
26,093
8.2%
26,093
0%
8.2%
3.7%
306
(23,935)
$9.00
$18.00
All
33
1,747,724
102,289
5.9%
107,721
3%
6.2%
10.2%
4,402
6,625
$12.41
$24.48
A
13
1,843,515
57,133
3.1%
149,548
76%
7.9%
5.3%
(24,239)
(15,297)
$13.92
$25.52
B
11
711,944
16,414
2.3%
50,277
9%
7.1%
2.3%
4,700
77,934
$14.15
$25.24
C
12
636,500
All
36
3,191,959
-
0.0%
4,160
0%
0.7%
0.0%
0
36,240
$10.75
$20.00
73,547
2.3%
203,985
58%
6.3%
3.6%
(19,539)
98,877
$13.91
$25.32
1,351,843
373,144
1,351,843
227,000
0
227,000
0
0
70,721
348,000
70,721
0
0
40,000
0
40,000
0
0
0
0
48,439
0
48,439
Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice.
COLLIERS TORONTO ONE, OFFICE STATISTICS - Q2 2009 GTA West June-09 Buildings
Q2 2009 Q2 2008 Availability Availability Absorption
Office
Vacant
Vacancy
Available
Sublet
Inventory
Space
Rate
Space
Availability
Rate
Rate
Net Absorption
Avg. Asking Net
Avg. Asking Gross
Net New Supply
Currently Under
Q2 2009
12 Months
Rental Rates
Rental Rates
Q2 2009
Construction
0
0
Concentration
Class Surveyed
Mississauga
A
27
3,350,973
246,136
7.3%
309,474
14%
9.2%
10.0%
33,142
143,313
$17.13
$32.42
City Centre
B
9
377,235
7,996
2.1%
15,142
0%
4.0%
8.1%
2,042
542
$16.00
$29.36
C
0
-
0.0%
-
0%
0.0%
0.0%
0
0
$0.00
$0.00
All
36
3,728,208
254,132
6.8%
324,616
13%
8.7%
9.8%
35,184
143,855
$17.07
$32.26
A
14
2,608,148
93,728
3.6%
130,878
28%
3.8%
2.7%
1,824
7,352
$18.00
$30.02
B
33
2,199,084
38,826
1.8%
58,557
36%
2.7%
6.1%
16,759
72,586
$14.89
$25.46
C
29
1,263,183
10,771
0.9%
10,771
73%
0.9%
2.6%
77,797
(47,263)
$8.00
$16.50
All
76
6,070,415
143,325
2.4%
200,206
33%
2.9%
3.8%
96,380
32,676
$16.82
$28.31
A
13
1,167,628
71,298
6.1%
101,603
0%
8.0%
9.9%
13,110
167,063
$17.49
$28.28
B
22
1,026,449
32,518
3.2%
83,118
7%
8.1%
7.9%
2,030
21,879
$17.92
$27.94
C
10
393,457
15,306
3.9%
16,313
0%
4.1%
4.4%
(13,668)
3,354
$11.00
$23.03
All
54
2,788,089
175,264
6.3%
238,919
44%
8.2%
9.3%
(28,637)
98,892
$16.39
$27.58
Meadowvale
Oakville
Sheridan
-
A
5
363,331
54,178
14.9%
87,178
6%
24.0%
18.6%
50,288
45,301
$18.72
$30.84
B
25
1,440,930
46,008
3.2%
47,777
0%
3.3%
3.3%
(38,442)
(54,663)
$14.97
$17.03
C
11
399,941
5,112
1.3%
5,112
0%
1.3%
0.9%
(1,432)
(1,432)
$8.31
$16.96
All
41
2,204,202
105,297
4.8%
140,066
4%
6.4%
4.7%
10,414
(10,794)
$16.55
$24.01
856,433
0
856,433
109,250
0
109,250
25,144
0
Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice.