COLLIERS TORONTO ONE, OFFICE STATISTICS - Q3 2009 Greater Toronto Area Office Concentration
Class
Surveyed
Rate
Q3 2009
12 Months
Avg. Asking Net Rental Rates 5
CENTRAL AREA TOTAL:
AAA A B C All
11 138 322 259 730
12,719,425 26,883,260 33,778,721 12,777,926 86,159,332
839,128 1,849,700 1,141,065 509,368 4,339,262
6.6% 6.9% 3.4% 4.0% 5.0%
2,301,493 3,093,168 2,287,754 848,217 8,530,632
8.4% 25.9% 24.0% 9.5% 19.0%
18.1% 11.5% 6.8% 6.6% 9.9%
16.0% 10.4% 5.0% 6.0% 8.3%
(17,547) 31,681 20,921 5,499 40,553
65,365 445,369 (230,313) 68,369 348,790
$31.27 $23.64 $17.93 $15.35 $22.53
$62.98 $45.09 $34.83 $28.45 $43.73
1,380,827
3,410,891
Financial Core
AAA A B C All
11 24 37 35 107
12,719,425 9,576,749 5,643,070 3,653,205 31,592,449
839,128 327,982 285,930 146,913 1,599,953
6.6% 3.4% 5.1% 4.0% 5.1%
2,301,493 961,532 619,406 239,831 4,122,263
8.4% 28.5% 21.8% 19.3% 15.7%
18.1% 10.0% 11.0% 6.6% 13.0%
16.0% 6.5% 5.8% 3.7% 9.6%
(17,547) 54,497 (54,317) (26,266) (43,634)
65,365 212,265 (228,578) (21,993) 27,058
$31.27 $28.35 $20.74 $17.12 $27.29
$62.98 $54.59 $41.93 $35.94 $54.55
1,154,307
2,860,891
Downtown
AAA A B C All
11 118 241 194 564
12,719,425 21,873,344 24,207,064 10,029,893 68,829,726
839,128 1,526,106 847,254 384,056 3,596,545
6.6% 7.0% 3.5% 3.8% 5.2%
2,301,493 2,596,958 1,680,885 641,818 7,221,154
8.4% 27.4% 22.8% 10.2% 18.7%
18.1% 11.9% 6.9% 6.4% 10.5%
16.0% 10.8% 4.7% 5.1% 8.7%
(17,547) 40,478 26,451 (12,325) 37,057
65,365 398,169 (272,563) 47,080 238,050
$31.27 $24.79 $19.00 $16.12 $24.02
$62.98 $46.53 $35.30 $28.35 $45.87
1,380,827
3,410,891
A B C All
20 81 65 166
5,009,916 9,571,657 2,748,033 17,329,606
323,595 293,810 125,312 742,717
6.5% 3.1% 4.6% 4.3%
496,210 606,870 206,399 1,309,478
17.7% 27.6% 7.2% 20.6%
9.9% 6.3% 7.5% 7.6%
8.4% 5.8% 9.2% 7.1%
(8,797) (5,531) 17,824 3,496
47,200 42,250 21,289 110,740
$18.79 $15.28 $13.56 $16.34
$39.01 $33.65 $28.69 $34.89
0
0
A B C All
382 568 389 1339
44,717,189 38,393,812 13,201,903 96,312,904
3,256,036 2,383,855 858,215 6,498,106
7.3% 6.2% 6.5% 6.7%
4,867,440 3,744,770 1,276,024 9,888,234
26.1% 18.1% 12.6% 21.3%
10.9% 9.8% 9.7% 10.3%
9.3% 7.4% 6.5% 8.1%
115,860 (179,110) (173,651) (236,900)
1,226,574 (712,082) (297,771) 216,721
$15.98 $12.93 $12.16 $14.31
$29.36 $24.89 $20.02 $26.40
334,091
1,215,368
A B C
111 216 134
14,798,717 16,092,128 4,295,440
1,243,099 1,272,911 191,495
8.4% 7.9% 4.5%
1,694,861 1,858,319 314,116
19.4% 16.3% 22.5%
11.5% 11.5% 7.3%
10.9% 9.5% 6.8%
128,235 (5,447) 10,568
265,527 (165,438) (70,297)
$14.86 $11.82 $9.45
$27.77 $24.51 $17.86
All
461
35,186,285
2,707,506
7.7%
3,867,297
18.2%
11.0%
9.7%
133,355
29,792
$12.90
$25.30
248,888
241,691
67,923
0
17,280
973,677
1,714,918
1,215,368
September-09 Buildings
Midtown
SUBURBS TOTAL:
GTA East
GTA North
GTA West
Office Inventory 1
Vacant Space
Vacancy Rate 2
Available Space
Q3 2009 Sublet Availability 3 Availability Rate 4
Q3 2008 Availability
Net Absorption
Net Absorption
Avg. Asking Gross
Net New Supply
Currently Under
Rental Rates
Q3 2009
Construction
A
59
7,882,428
462,212
5.9%
761,376
36.5%
9.7%
7.0%
10,945
307,006
$18.95
$36.44
B
85
6,128,912
157,454
2.6%
292,229
24.3%
4.8%
4.2%
17,014
(122,073)
$14.27
$30.15
C
54
1,409,798
42,924
3.0%
63,324
0.0%
4.5%
2.8%
1,040
(33,717)
$12.66
$21.91
All
198
15,421,138
662,590
4.3%
1,116,928
31.2%
7.2%
5.5%
28,999
151,216
$17.38
$34.10
A
212
22,036,044
1,550,725
7.0%
2,411,203
27.5%
10.9%
9.0%
(23,319)
654,042
$15.89
$28.41
B
267
16,172,772
953,490
5.9%
1,594,222
19.0%
9.9%
6.6%
(190,676)
(424,572)
$14.03
$24.34
C
201
7,496,665
623,795
8.3%
898,584
10.1%
12.0%
7.0%
(185,259)
(193,757)
$13.14
$20.73
All
680
45,705,481
3,128,010
6.8%
4,904,009
21.5%
10.7%
7.8%
(399,253)
35,713
$14.78
$25.65
GREATER
AAA
11
12,719,425
839,128
6.6%
8.4%
18.1%
16.0%
(17,547)
65,365
$31.27
$62.98
TORONTO
A
520
71,600,449
5,105,736
7.1%
7,960,608
2,301,493
26.0%
11.1%
9.7%
147,541
1,671,943
$18.73
$35.00
AREA
B
890
72,172,533
3,524,920
4.9%
6,032,524
20.3%
8.4%
6.3%
(158,189)
(942,395)
$14.74
$28.48
TOTAL:
C
648
25,979,829
1,367,583
5.3%
2,124,241
11.4%
8.2%
6.2%
(168,152)
(229,402)
$13.29
$23.01
All
2,069
182,472,236
10,837,368
5.9%
18,418,866
20.3%
10.1%
8.2%
(196,347)
565,511
$17.69
$33.53
SURVEY RESULTS PRESENTED IN THIS REPORT HAVE BEEN CONDENSED FOR EASY REFERENCE. 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 - Q3 2009 Downtown Q3 2009
Q3 2008
Buildings
Office
Vacant
Vacancy
Available
Sublet
Availability
Availability
Net Absorption
Net Absorption
Class
Surveyed
Inventory
Space
Rate
Space
Availability
Rate
Rate
Q3 2009
12 Months
September-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
Q3 2009
Construction
1,380,827
3,410,891
1,154,307
2,860,891
0
550,000
0
0
223,020
0
3,500
0
0
0
Rental Rates Rental Rates
A
118
21,873,344
1,526,106
7.0%
2,596,958
27.4%
11.9%
10.8%
40,478
398,169
$24.79
AAA
11
12,719,425
839,128
6.6%
2,301,493
8.4%
18.1%
16.0%
(17,547)
65,365
$31.27
$62.98
B
241
24,207,064
847,254
3.5%
1,680,885
22.8%
6.9%
4.7%
26,451
(272,563)
$19.00
$35.30
$46.53
C
194
10,029,893
384,056
3.8%
641,818
10.2%
6.4%
5.1%
(12,325)
47,080
$16.12
$28.35
All
564
68,829,726
3,596,545
5.2%
7,221,154
18.7%
10.5%
8.7%
37,057
238,050
$24.02
$45.87
AAA
11
12,719,425
839,128
6.6%
2,301,493
8.4%
18.1%
16.0%
(17,547)
65,365
$31.27
$62.98
A
24
9,576,749
327,982
3.4%
961,532
28.5%
10.0%
6.5%
54,497
212,265
$28.35
$54.59
B
37
5,643,070
285,930
5.1%
619,406
21.8%
11.0%
5.8%
(54,317)
(228,578)
$20.74
$41.93
C
35
3,653,205
146,913
4.0%
239,831
19.3%
6.6%
3.7%
(26,266)
(21,993)
$17.12
$35.94
All
107
31,592,449
1,599,953
5.1%
4,122,263
15.7%
13.0%
9.6%
(43,634)
27,058
$27.29
$54.55
A
26
1,207,842
68,830
5.7%
115,715
22.6%
9.6%
8.4%
(27,757)
2,840
$15.66
$31.61
B
54
2,074,008
79,394
3.8%
297,603
6.8%
14.3%
5.2%
(12,549)
(44,848)
$18.40
$31.90
C
28
794,215
52,204
6.6%
63,971
4.5%
8.1%
8.3%
4,423
33,767
$13.73
$4.55
All
108
4,076,065
200,428
4.9%
477,289
10.3%
11.7%
6.7%
(35,884)
(8,241)
$17.44
$27.84
A
13
$42.82
5,649,728
148,104
2.6%
338,950
57.8%
6.0%
5.8%
16,865
144,925
$20.05
B
31
6,525,651
160,622
2.5%
202,260
36.2%
3.1%
4.0%
522
(16,518)
$17.46
C
29
2,579,972
38,858
1.5%
66,526
5.3%
2.6%
4.2%
13,562
78,683
$14.26
$31.37
All
73
14,755,351
347,584
2.4%
607,736
44.9%
4.1%
4.7%
30,950
207,091
$18.45
$39.21
A
4
1,170,598
276,579
23.6%
322,682
17.5%
27.6%
27.4%
(16,590)
(53,559)
$24.20
$46.21
B
4
1,197,050
43,369
3.6%
109,677
50.1%
9.2%
11.4%
58,110
5,840
$17.35
$32.70
C
7
283,859
-
0.0%
14,000
0.0%
4.9%
0.0%
0
0
$14.75
$19.00
All
15
2,651,507
319,948
12.1%
446,359
25.0%
16.8%
16.3%
41,520
(47,719)
$22.80
$43.14
A
47
4,178,417
704,611
16.9%
847,325
18.8%
20.3%
24.9%
13,463
91,697
$24.38
$42.60
B
102
8,482,500
261,868
3.1%
433,131
22.9%
5.1%
3.6%
34,456
25,723
$18.60
$28.70
C
68
1,774,067
68,093
3.8%
177,661
7.2%
10.0%
5.7%
(9,044)
(47,002)
$16.68
$25.02
All
217
14,434,984
1,034,572
7.2%
1,458,117
18.6%
10.1%
10.0%
38,875
70,419
$22.01
$37.00
0.0%
11.9%
A
4
90,010
-
0.0%
10,755
0.0%
0
Currently
$36.55
0
$11.75
$22.75
B
13
284,785
16,072
5.6%
18,807
0.0%
6.6%
0.2%
230
(14,182)
$8.64
$21.85
C
27
944,575
77,989
8.3%
79,829
0.0%
8.5%
10.8%
5,000
3,625
$8.87
$17.30
All
44
1,319,370
94,061
7.1%
109,391
0.0%
8.3%
7.8%
5,230
(10,558)
$9.58
$21.16
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 - Q3 2009 Midtown Q3 2009
September-09 Buildings Concentration
Class Surveyed
Q3 2008
Office
Vacant
Vacancy
Available
Sublet
Availability Availability Net Absorption
Net Absorption
Inventory
Space
Rate
Space
Availability
Rate
Rate
Q3 2009
12 Months
Avg.
Avg.
Net
Asking Net
Asking Gross
New Supply
Under
Q3 2009
Construction
0
0
0
0
0
0
0
0
Rental Rates Rental Rates
MIDTOWN
A
20
5,009,916
323,595
6.5%
496,210
17.7%
9.9%
8.4%
(8,797)
47,200
$18.79
$39.01
TOTAL:
B
81
9,571,657
293,810
3.1%
606,870
27.6%
6.3%
5.8%
(5,531)
42,250
$15.28
$33.65
C
65
2,748,033
125,312
4.6%
206,399
7.2%
7.5%
9.2%
17,824
21,289
$13.56
$28.69
All
166
17,329,606
742,717
4.3%
1,309,478
20.6%
7.6%
7.1%
3,496
110,740
$16.34
$34.89
A
8
2,653,810
178,556
6.7%
218,320
17.4%
8.2%
8.1%
4,950
92,128
$21.49
$41.15
B
37
5,630,729
147,645
2.6%
216,982
26.1%
3.9%
4.8%
(22,175)
(51,470)
$16.92
$37.43
C
28
1,414,297
108,830
7.7%
165,162
5.7%
11.7%
10.7%
16,677
53,209
$13.28
$29.60
All
73
9,698,836
435,031
4.5%
600,464
17.4%
6.2%
6.6%
(548)
93,868
$17.46
$36.32
A
8
1,554,762
97,526
6.3%
196,640
14.6%
12.6%
12.0%
15,663
(28,258)
$16.05
$36.07
B
26
2,378,068
118,668
5.0%
242,897
15.7%
10.2%
8.9%
10,912
55,595
$13.86
$31.36
C
22
844,729
15,362
1.8%
37,631
7.6%
4.5%
9.8%
(1,397)
(32,339)
$14.68
$24.83
All
56
4,777,559
231,556
4.8%
477,167
14.6%
10.0%
10.1%
25,178
(5,002)
$14.82
$32.75
Yonge-Bloor
Yonge-Eglinton
Yonge-St.Clair
A
4
801,344
47,513
5.9%
81,250
25.8%
10.1%
2.3%
(29,410)
(16,670)
$19.24
$41.12
B
18
1,562,860
27,498
1.8%
146,991
49.4%
9.4%
4.4%
5,732
38,125
$15.85
$33.45
C
15
489,007
1,120
0.2%
3,606
68.9%
0.7%
3.5%
2,544
420
$13.50
$31.79
All
37
2,853,211
76,131
2.7%
231,847
41.4%
8.1%
3.7%
(21,133)
21,875
$17.02
$36.13
Currently
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 - Q3 2009 GTA North Office
Vacant
Vacancy
Available
Sublet
Q3 2009 Availability
Q3 2008 Availability
Net Absorption
Net Absorption
Avg. Asking Net
Avg. Asking Gross
Net New Supply
Currently Under
Inventory
Space
Rate
Space
Availability
Rate
Rate
Q3 2009
12 Months
Rental Rates
Rental Rates
Q3 2009
Construction
67,923
0
0
0
0
0
0
0
67,923
0
0
0
September-09 Buildings Concentration
Class Surveyed
GTA NORTH
A
59
7,882,428
462,212
5.9%
761,376
36.5%
9.7%
7.0%
10,945
307,006
$18.95
$36.44
TOTAL:
B
85
6,128,912
157,454
2.6%
292,229
24.3%
4.8%
4.2%
17,014
(122,073)
$14.27
$30.15
C
54
1,409,798
42,924
3.0%
63,324
0.0%
4.5%
2.8%
1,040
(33,717)
$12.66
$21.91
All
198
15,421,138
662,590
4.3%
1,116,928
31.2%
7.2%
5.5%
28,999
151,216
$17.38
$34.10
Dufferin/Finch
A
3
42,500
-
0.0%
-
#DIV/0!
0.0%
32.9%
0
0
$0.00
$0.00
B
15
930,644
7,640
0.8%
24,209
4.6%
2.6%
5.2%
0
110
$9.49
$25.09
C
11
243,016
2,000
0.8%
17,200
0.0%
7.1%
0.4%
0
(1,000)
$7.95
$19.58
All
29
1,216,160
9,640
0.8%
41,409
2.7%
3.4%
5.2%
0
(890)
$9.31
$24.44
North Yonge
A
24
6,047,462
322,409
5.3%
612,896
45.3%
10.1%
5.8%
14,170
51,682
$19.12
$38.70
Corridor
B
26
2,546,517
109,849
4.3%
181,026
36.1%
7.1%
6.0%
16,092
(55,370)
$15.55
$33.49
C
16
293,061
#DIV/0!
0.0%
0.6%
1,040
1,040
$0.00
$0.00
All
66
8,887,040
432,258
4.9%
793,922
8.9%
5.6%
31,302
(2,648)
$18.25
$37.43
A
2
369,705
11,950
3.2%
15,071
0.0%
4.1%
1.2%
(10,638)
(11,950)
$17.00
$29.00
B
7
230,118
8,920
3.9%
9,920
28.2%
4.3%
6.0%
2,157
(2,143)
$12.82
$22.41
C
2
40,000
-
0.0%
-
#DIV/0!
0.0%
0.0%
0
0
$0.00
$0.00
All
11
639,823
20,869
3.3%
24,991
11.2%
3.9%
2.9%
(8,481)
(14,093)
$15.34
$26.38
A
20
929,430
107,893
11.6%
113,449
0.0%
12.2%
19.5%
7,412
255,034
$19.41
$30.27
B
26
1,312,610
20,499
1.6%
53,140
3.4%
4.0%
2.0%
1,372
(37,087)
$14.04
$24.57
C
14
479,996
18,624
3.9%
23,824
0.0%
5.0%
2.1%
0
(17,057)
$16.00
$24.00
All
60
2,722,036
147,016
5.4%
190,413
0.9%
7.0%
7.3%
8,785
200,889
$17.52
$28.00
A
10
493,331
19,960
4.0%
19,960
0.0%
4.0%
5.4%
0
12,240
$14.00
$24.95
B
11
1,109,023
10,546
1.0%
23,934
0.0%
2.2%
1.8%
(2,607)
(27,583)
$12.20
$30.10
C
11
353,725
22,300
6.3%
22,300
0.0%
6.3%
7.7%
0
(16,700)
$8.02
$18.81
All
32
1,956,079
52,806
2.7%
66,194
0.0%
3.4%
3.8%
(2,607)
(32,043)
$12.06
$25.95
Richmond Hill
Vaughan/Woodbridge
Keele Hwy 401/Yorkdale
-
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 - Q3 2009 GTA East Q3 2009
Q3 2008
Office
Vacant
Vacancy
Available
Sublet
Availability
Availability
Net Absorption
Net Absorption
Inventory
Space
Rate
Space
Availability
Rate
Rate
Q3 2009
12 Months
September-09 Buildings Concentration
Class Surveyed
Avg.
Net
Asking Gross
New Supply
Under
Q3 2009
Construction
248,888
241,691
0
0
0
0
0
0
98,888
0
0
0
150,000
241,691
0
0
0
0
0
0
Rental Rates Rental Rates
GTA EAST
A
111
14,798,717
1,243,099
8.4%
1,694,861
19%
11%
11%
265,527
$14.86
$27.77
TOTAL:
B
216
16,092,128
1,272,911
7.9%
1,858,319
16%
12%
9%
(5,447)
(165,438)
$11.82
$24.51
C
134
4,295,440
191,495
4.5%
314,116
23%
7%
7%
10,568
(70,297)
$9.45
$17.86
All
461
35,186,285
2,707,506
7.7%
3,867,297
18%
11%
10%
133,355
29,792
$12.90
$25.30
A
6
1,305,506
98,833
7.6%
137,966
16%
11%
5%
(19,762)
(16,184)
$13.40
$29.68
B
16
1,970,548
160,476
8.1%
245,634
9%
12%
12%
(1,824)
23,410
$11.97
$23.26
C
8
430,465
32,664
7.6%
38,933
0%
9%
2%
(900)
4,361
$10.93
$20.30
All
30
3,706,519
291,973
7.9%
422,533
10%
11%
8%
(22,486)
11,587
$12.34
$25.09
Consumers Road
Duncan Mill
Don Mills
128,235
Avg. Asking Net
A
5
585,107
18,671
3.2%
33,224
44%
6%
47%
1,216
1,654
$14.26
$28.83
B
21
1,422,925
52,684
3.7%
86,921
28%
6%
4%
2,850
14,676
$9.31
$24.30
C
13
257,678
-
0.0%
-
0%
0%
0%
0
0
$0.00
$0.00
All
39
2,265,710
71,355
3.1%
32%
5%
14%
4,066
16,330
$10.97
$25.82
A
7
1,091,936
39,306
3.6%
80,697
31%
7%
4%
5,141
75,962
$12.00
$28.11
B
38
3,916,954
620,478
15.8%
792,372
21%
20%
17%
(11,861)
(104,079)
$12.06
$26.09
120,145
C
17
543,632
25,879
4.8%
28,879
0%
5%
3%
8,065
$8.68
$21.07
All
62
5,552,522
685,663
12.3%
901,948
21%
16%
13%
(6,720)
(20,052)
$11.94
$26.11
Highway 404
A
37
4,338,472
424,753
9.8%
608,612
33%
14%
12%
(42,224)
(85,386)
$16.51
$27.37
Corridor
B
45
2,535,980
153,990
6.1%
267,508
8%
11%
8%
(1,077)
(25,479)
$13.35
$24.75
C
43
1,494,371
86,418
5.8%
194,520
35%
13%
7%
13,191
(52,089)
$9.50
$16.17
All
125
8,368,823
665,161
7.9%
1,070,640
27%
13%
10%
(30,111)
(162,955)
$14.21
$24.24
A
$28.48
Woodbine & Steeles
Markham
Pickering-Oshawa
0
16
3,325,600
238,973
7.2%
338,881
12%
10%
8%
31,859
(18,688)
$14.43
B
20
1,419,670
109,018
7.7%
192,574
17%
14%
7%
4,295
(81,713)
$10.74
C
14
347,131
12,314
3.5%
13,664
0%
4%
1%
(1,000)
(7,314)
$10.40
$19.12
All
50
5,092,401
360,304
7.1%
545,118
13%
11%
7%
35,154
(107,715)
$12.96
$25.00
A
14
1,423,233
134,862
9.5%
191,005
10%
13%
13%
164,696
294,576
$14.19
$20.62
B
22
1,711,419
23,521
1.4%
64,626
56%
4%
2%
(18,303)
$12.69
$25.04
C
8
183,832
11,180
6.1%
11,180
20%
6%
2%
0
(11,310)
$8.99
$18.42
All
44
3,318,484
169,563
5.1%
266,810
22%
8%
6%
163,844
264,963
$13.72
$21.09
A
10
851,526
1,967
0.2%
1,967
0%
0%
0%
B
14
519,373
21,113
4.1%
22,423
10%
4%
4%
(852)
0 (7,639)
$19.74
$10.00
$20.95
$12.70
$22.11
C
7
186,620
-
0.0%
-
#DIV/0!
0%
16%
(10,663)
$0.00
$0.00
All
31
1,557,519
23,080
1.5%
24,390
10%
2%
4%
(6,952)
(19,310)
$12.36
$21.96
Scarborough
A
13
1,611,687
285,735
17.7%
302,511
1%
19%
17%
(12,690)
13,593
$14.83
$31.35
Town Centre
B
27
1,669,488
125,994
7.5%
153,882
0%
9%
10%
4,033
45,086
$11.08
$24.25
C
18
652,216
6,842
1.0%
10,742
0%
2%
16%
(1,410)
All
58
3,933,391
418,570
10.6%
467,135
1%
12%
14%
(10,067)
Toronto East
687
0 (8,647)
A
3
265,650
-
0.0%
-
#DIV/0!
0%
0%
0
B
13
925,771
5,638
0.6%
32,379
0%
3%
4%
6,628
(148) 58,531
0 (10,388)
Currently
$8.27
$23.11
$13.49
$28.93
$0.00
$0.00
$9.65
$25.39
C
6
199,495
16,200
8.1%
16,200
0%
8%
8%
0
(1,200)
$7.00
$20.43
All
22
1,390,916
21,838
1.6%
48,579
0.0%
3%
4%
6,628
(11,588)
$8.77
$23.74
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 - Q3 2009 GTA West Buildings
Office
Vacant
Vacancy
Available
Sublet
Q3 2009 Availability
Q3 2008 Availability
Absorption
Net Absorption
Avg. Asking Net
Avg. Asking Gross
Net New Supply
Currently Under
Surveyed
Inventory
Space
Rate
Space
Availability
Rate
Rate
Q3 2009
12 Months
Rental Rates
Rental Rates
Q3 2009
Construction
17,280
973,677
0
227,000
0
0
70,721
0
(77,936)
0
0
40,000
0
0
0
0
0
48,439
September-09 Concentration
Class
GTA WEST
A
212
22,036,044
1,550,725
7.0%
2,411,203
27%
11%
9%
(23,319)
654,042
$15.89
$28.41
TOTAL:
B
267
16,172,772
953,490
5.9%
1,594,222
19%
10%
7%
(190,676)
(424,572)
$14.03
$24.34
C
201
7,496,665
623,795
8.3%
898,584
10%
12%
7%
(185,259)
(193,757)
$13.14
$20.73
All
680
45,705,481
3,128,010
6.8%
4,904,009
22%
11%
8%
(399,253)
35,713
$14.78
$25.65
Airport Corporate
A
20
2,240,066
264,767
11.8%
387,270
42%
17%
17%
(98,835)
(67,516)
$16.50
$30.21
Centre
B
27
1,862,308
66,464
3.6%
265,338
29%
14%
5%
8,781
50,796
$15.51
$28.09
C
31
1,355,011
194,070
14.3%
301,979
2%
22%
12%
(56,347)
(30,438)
$14.36
$22.49
All
78
5,457,385
525,300
9.6%
954,587
26%
17%
12%
(146,401)
(47,157)
$15.40
$26.65
Airport East
Airport West
Bloor Islington
Brampton
Burlington
Cooksville
Hwy 401 Hurontario
A
8
951,602
129,549
13.6%
198,487
16%
21%
13%
9,543
(21,318)
$14.15
$27.54
B
33
2,194,107
422,930
19.3%
544,612
18%
25%
20%
(76,206)
(299,010)
$13.20
$24.46
C
28
961,197
134,167
14.0%
176,567
2%
18%
12%
(14,167)
(82,471)
$14.11
$21.70
All
69
4,106,906
686,646
16.7%
919,666
15%
22%
16%
(80,829)
(402,800)
$13.66
$24.62
A
21
2,612,350
96,527
3.7%
100,920
4%
4%
4%
70,863
465,927
$14.91
$22.93
B
23
1,389,033
23,519
1.7%
30,380
33%
2%
4%
(4,291)
(25,071)
$11.90
$21.63
C
13
530,819
52,155
9.8%
53,055
0%
10%
8%
2,550
(12,308)
$7.43
$16.49
All
57
4,532,202
172,202
3.8%
184,355
8%
4%
5%
69,122
428,548
$12.30
$20.90
A
16
2,417,985
162,854
6.7%
258,325
43%
11%
5%
(33,012)
(98,966)
$16.34
$33.62
B
30
1,449,024
58,822
4.1%
105,314
27%
7%
8%
1,932
36,164
$11.81
$26.39
C
24
583,479
59,362
10.2%
59,362
0%
10%
11%
(11,579)
(10,409)
$10.07
$6.25
All
70
4,450,488
281,037
6.3%
423,000
33%
10%
7%
(42,659)
(73,210)
$14.20
$27.26
A
15
823,977
12,858
1.6%
75,568
1%
9%
2%
8,194
(15,325)
$12.72
$17.46
B
9
1,448,293
11,295
0.8%
13,295
77%
1%
1%
7,786
(13,692)
$9.00
$17.64
C
2
70,000
10,000
14.3%
10,000
0%
14%
0%
(2,000)
(11,400)
$10.00
$20.34
All
26
2,342,270
34,153
1.5%
98,863
11%
4%
1%
13,980
(40,417)
$12.28
$12.28
A
20
1,781,489
220,756
12.4%
280,005
9%
16%
15%
(35,775)
(82,502)
$17.19
$27.78
B
31
1,422,232
42,375
3.0%
64,579
8%
5%
4%
(46,470)
(54,318)
$12.37
$21.21
C
27
1,032,123
63,148
6.1%
102,352
23%
10%
9%
(6,915)
(14,414)
$11.00
$18.22
All
78
4,235,844
326,279
7.7%
446,936
12%
11%
10%
(89,159)
(151,234)
$15.16
$24.78
A
9
745,927
11,922
1.6%
14,658
0%
2%
2%
(1,371)
575
$15.24
$29.14
B
14
736,027
74,971
10.2%
81,699
11%
11%
9%
(10,317)
10,118
$14.95
$25.79
C
14
332,368
33,797
10.2%
35,124
0%
11%
7%
(1,464)
(24,582)
$9.25
$17.93
All
37
1,814,322
120,690
6.7%
131,481
7%
7%
6%
(13,152)
(13,888)
$14.40
$25.42
A
14
1,848,323
67,063
3.6%
279,611
80%
15%
5%
(15,963)
(44,086)
$13.89
$25.93
B
11
711,944
36,150
5.1%
40,377
12%
6%
2%
(43,736)
34,199
$14.54
C
12
638,500
1,300
0.2%
1,300
0%
0%
0%
(11,300)
(26,060)
$10.75
$20.00
All
37
3,198,767
104,513
3.3%
321,289
71%
10%
3%
(70,998)
(35,948)
$13.98
$25.79
$25.30
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 - Q3 2009 GTA West Buildings
Office
Vacant
Vacancy
Available
Sublet
Q3 2009 Availability
Q3 2008 Availability
Absorption
Net Absorption
Avg. Asking Net
Avg. Asking Gross
Net New Supply
Currently Under
Surveyed
Inventory
Space
Rate
Space
Availability
Rate
Rate
Q3 2009
12 Months
Rental Rates
Rental Rates
Q3 2009
Construction
0
0
0
548,988
24,495
109,250
0
0
September-09 Concentration
Class
Mississauga
A
27
3,366,148
218,575
6.5%
328,956
14%
10%
9%
23,469
116,427
$17.11
$32.75
City Centre
B
9
396,735
7,996
2.0%
24,673
0%
6%
7%
(2,156)
(4,927)
$15.51
$27.14
C
0
-
0.0%
-
0%
#DIV/0!
#DIV/0!
0
0
$0.00
$0.00
All
36
3,762,883
226,571
6.0%
353,629
13%
9%
9%
21,313
111,499
$17.00
$32.36
A
14
2,608,148
93,728
3.6%
130,878
28%
5%
4%
19,029
218,784
$15.07
$24.96
B
33
2,199,084
38,826
1.8%
58,557
36%
3%
6%
(33,183)
(42,672)
$15.47
Meadowvale
Oakville
Sheridan
-
$26.73
C
29
1,263,183
10,771
0.9%
10,771
73%
1%
3%
(84,079)
3,439
$17.01
$29.50
All
76
6,070,415
143,325
2.4%
200,206
33%
3%
4%
(98,232)
179,551
$15.53
$26.32
A
13
1,167,628
71,298
6.1%
101,603
0%
9%
11%
25,551
131,753
$16.69
$28.20
B
22
1,026,449
32,518
3.2%
83,118
7%
8%
8%
(8,362)
(75,403)
$16.70
C
11
409,662
1,535
0.4%
18,406
0%
4%
3%
4,796
19,639
$10.81
$18.99
All
62
3,155,717
172,022
5.5%
277,028
33%
9%
7%
21,985
75,989
$39.27
$27.25
$30.75
$27.45
A
5
362,676
48,535
13.4%
81,535
0%
22%
18%
4,988
50,288
$18.95
B
25
1,468,109
46,008
3.1%
114,956
0%
8%
3%
15,545
(40,755)
$11.49
C
10
384,865
7,943
2.1%
17,019
0%
4%
1%
(4,754)
(4,754)
$8.55
$16.89
All
40
2,215,650
102,486
4.6%
213,510
0%
10%
5%
15,778
4,779
$13.22
$15.95
$9.56
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.