ColliersGTA GTA | Office Colliers Office Statistics Statistics 2012Â Q1 2012 Q3 Buildings Office Office Market / 1 Submarket Class Surveyed Inventory
Vacant Space
Vacancy Rate 2
Available Space
Proportion 2012 Q3 2011 Q3 of Sublease Availability Availability 3 Availability Rate Rate
Net Absorption 2012 Q3
Net Wgt Avg. Wgt Avg. Net New Currently Absorption Asking Net Asking Gross Supply Under 5 12 Months Rental Rates Rental Rates 2012 Q3 Construction
Central Total:
AAA A B C All
14 187 489 359 1,049
14,753,012 40,324,867 47,522,830 14,407,101 117,007,810
828,257 2,211,954 2,274,082 753,552 6,067,845
5.6% 5.5% 4.8% 5.2% 5.2%
1,210,540 2,820,689 3,355,396 880,028 8,266,653
7.1% 20.1% 20.5% 12.4% 17.6%
8.2% 7.0% 7.1% 6.1% 7.1%
12.8% 7.2% 7.7% 7.5% 8.0%
12,741 -121,112 76,943 66,488 35,060
142,155 983,600 436,776 226,529 1,789,060
$32.03 $20.75 $15.93 $15.91 $20.18
$63.12 $41.26 $32.11 $30.58 $40.08
0 0 0 0 0
0 3,163,955 136,720 0 3,300,675
Financial Core
AAA A B C All
14 27 51 16 108
14,753,012 10,884,441 7,087,800 1,786,731 34,511,984
828,257 746,455 347,623 60,255 1,982,590
5.6% 6.9% 4.9% 3.4% 5.7%
1,210,540 658,445 614,813 56,956 2,540,754
7.1% 13.8% 18.2% 8.0% 11.5%
8.2% 6.0% 8.7% 3.2% 7.4%
12.8% 7.3% 7.3% 5.2% 9.2%
12,741 -7,447 -11,712 -8,601 -15,019
142,155 194,986 -92,711 20,924 265,355
$32.03 $26.40 $21.90 $17.05 $27.99
$63.12 $53.65 $44.17 $34.01 $55.81
0 0 0 0 0
0 626,455 0 0 626,455
Downtown
AAA A B C All
14 107 237 147 505
14,753,012 22,771,169 25,043,036 7,086,075 69,653,292
828,257 1,311,650 1,098,474 314,429 3,552,810
5.6% 5.8% 4.4% 4.4% 5.1%
1,210,540 1,437,403 1,694,417 368,541 4,710,901
7.1% 10.0% 28.8% 21.3% 16.9%
8.2% 6.3% 6.8% 5.2% 6.8%
12.8% 6.7% 7.6% 7.2% 8.2%
12,741 -92,497 -10,174 9,622 -80,308
142,155 849,697 211,632 105,277 1,308,762
$32.03 $23.81 $19.56 $18.56 $24.47
$63.12 $46.04 $37.10 $32.86 $47.21
0 0 0 0 0
0 2,978,955 100,000 0 3,078,955
Midtown
A B C All
21 91 97 209
5,158,385 8,598,556 3,999,791 17,756,732
224,728 372,569 375,192 972,489
4.4% 4.3% 9.4% 5.5%
365,047 517,396 394,877 1,277,320
30.5% 24.4% 2.9% 19.5%
7.1% 6.0% 9.9% 7.2%
6.6% 6.0% 11.0% 7.1%
-26,584 19,822 19,226 12,463
49,111 115,084 64,672 228,868
$20.51 $15.82 $15.55 $16.88
$41.44 $34.91 $31.26 $35.16
0 0 0 0
0 0 0 0
Central North
A B C All
25 57 45 127
6,184,324 5,019,445 1,000,506 12,204,275
206,611 278,463 39,217 524,291
3.3% 5.5% 3.9% 4.3%
347,191 405,570 47,302 800,063
43.8% 7.9% 5.4% 23.3%
5.6% 8.1% 4.7% 6.6%
5.7% 7.4% 4.9% 6.3%
41,766 13,105 6,941 61,812
249,987 -2,745 5,424 252,666
$19.12 $13.18 $9.43 $14.79
$39.27 $27.50 $19.21 $30.64
0 0 0 0
185,000 0 0 185,000
Central East
A B C All
34 104 70 208
6,210,989 8,861,793 2,320,729 17,393,511
468,965 524,576 24,714 1,018,255
7.6% 5.9% 1.1% 5.9%
671,048 738,013 69,308 1,478,369
24.0% 5.8% 23.9% 14.9%
10.8% 8.3% 3.0% 8.5%
11.4% 9.9% 3.7% 9.7%
-43,797 54,191 30,699 41,093
-165,195 112,804 51,155 -1,236
$13.74 $11.17 $9.48 $12.14
$29.80 $24.34 $22.80 $26.49
0 0 0 0
0 36,720 0 36,720
Suburb Total:
A B C All
251 452 339 1,042
31,089,825 25,802,415 11,818,592 68,710,832
2,929,864 1,797,299 821,084 5,548,247
9.4% 7.0% 6.9% 8.1%
3,358,477 2,344,179 966,975 6,669,631
17.7% 18.4% 18.2% 18.0%
10.8% 9.1% 8.2% 9.7%
11.0% 10.9% 9.6% 10.8%
181,041 113,944 93,146 388,130
456,038 222,629 84,903 763,570
$16.80 $13.50 $12.34 $15.00
$30.61 $25.68 $21.01 $27.50
197,178 49,137 0 246,315
629,868 200,632 0 830,500
GTA North
A B C All
65 109 76 250
6,878,626 6,322,999 2,648,072 15,849,697
627,256 286,288 167,380 1,080,924
9.1% 4.5% 6.3% 6.8%
747,536 409,075 143,606 1,300,217
28.3% 17.4% 17.8% 23.7%
10.9% 6.5% 5.4% 8.2%
10.4% 7.5% 8.1% 8.9%
48,343 85,854 14,612 148,809
60,707 127,427 35,187 223,322
$17.21 $13.66 $10.95 $15.26
$30.26 $25.84 $19.03 $27.42
72,178 49,137 0 121,315
0 0 0 0
GTA East
A B C All
17 44 24 85
2,389,531 2,331,875 992,923 5,714,329
241,357 267,988 12,368 521,713
10.1% 11.5% 1.2% 9.1%
305,297 233,580 17,931 556,808
32.6% 5.8% 0.0% 20.3%
12.8% 10.0% 1.8% 9.7%
12.8% 9.3% 2.1% 9.7%
586 15,245 5,773 21,604
57,651 -44,239 1,434 14,846
$14.45 $13.41 $10.69 $13.78
$30.93 $27.35 $25.74 $28.95
0 0 0 0
0 0 0 0
GTA West
A B C All
169 299 239 707
21,821,668 17,147,541 8,177,597 47,146,806
2,061,251 1,243,023 641,336 3,945,610
9.4% 7.2% 7.8% 8.4%
2,305,644 1,701,524 805,438 4,812,606
12.2% 20.4% 18.7% 16.2%
10.6% 9.9% 9.8% 10.2%
11.0% 12.4% 10.8% 11.5%
132,112 12,845 72,761 217,718
337,680 139,441 48,282 525,403
$16.93 $13.47 $12.64 $15.07
$30.67 $25.37 $21.23 $27.36
125,000 0 0 125,000
629,868 200,632 0 830,500
AAA A B C All
14 438 941 698 2,091
14,753,012 71,414,692 73,325,245 26,225,693 185,718,642
828,257 5,141,818 4,071,381 1,574,636 11,616,092
5.6% 7.2% 5.6% 6.0% 6.3%
1,210,540 6,179,166 5,699,575 1,847,003 14,936,284
7.1% 18.8% 19.6% 15.4% 17.8%
8.2% 8.7% 7.8% 7.0% 8.0%
12.8% 8.8% 8.8% 8.4% 9.0%
12,741 59,928 190,887 159,634 423,190
142,155 1,439,638 659,405 311,432 2,552,631
$32.03 $18.58 $14.91 $14.10 $17.87
$63.12 $35.39 $29.43 $25.73 $34.48
0 197,178 49,137 0 246,315
0 3,793,823 337,352 0 4,131,175
GTA Total:
Survey results presented on this report have been condensed for 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. Vacant space is physically unoccupied, and it includes both headlease and sublease space.
3
Proportion of sublease 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.
ColliersDowntown Downtown || Office Office Statistics Colliers Statistics 2012 Q3 2012Â Q1 Buildings Office Market / Class Surveyed Submarket
Office Inventory 1
Vacant Space
Vacancy Rate 2
Available Space
Proportion 2012 Q3 2011 Q3 Net Net Wgt Avg. Wgt Avg. of Sublease Availability Availability Absorption Absorption Asking Net Asking Gross 3 5 Availability Rate Rate 2012 Q3 12 Months Rental Rates Rental Rates
Net New Supply 2012 Q3
Currently Under Construction
AAA A B C All
14 27 51 16 108
14,753,012 10,884,441 7,087,800 1,786,731 34,511,984
828,257 746,455 347,623 60,255 1,982,590
5.6% 6.9% 4.9% 3.4% 5.7%
1,210,540 658,445 614,813 56,956 2,540,754
7.1% 13.8% 18.2% 8.0% 11.5%
8.2% 6.0% 8.7% 3.2% 7.4%
12.8% 7.3% 7.3% 5.2% 9.2%
12,741 -7,447 -11,712 -8,601 -15,019
142,155 194,986 -92,711 20,924 265,355
$32.03 $26.40 $21.90 $17.05 $27.99
$63.12 $53.65 $44.17 $34.01 $55.81
0 0 0 0 0
0 626,455 0 0 626,455
Downtown East
A B C All
22 54 33 109
1,413,001 2,271,601 940,840 4,625,442
44,043 114,125 41,640 199,808
3.1% 5.0% 4.4% 4.3%
65,731 305,893 69,574 441,198
29.3% 32.4% 10.4% 28.4%
4.7% 13.5% 7.4% 9.5%
5.7% 9.4% 17.5% 10.3%
5,179 22,066 8,070 35,315
26,232 66,447 1,556 94,235
$23.81 $18.58 $18.17 $19.27
$41.30 $33.01 $27.16 $33.08
0 0 0 0
0 100,000 0 100,000
Downtown North
A B C All
10 25 32 67
4,156,627 6,134,132 2,583,249 12,874,008
200,027 142,518 93,845 436,390
4.8% 2.3% 3.6% 3.4%
237,197 143,937 88,676 469,810
0.0% 16.2% 6.1% 6.1%
5.7% 2.3% 3.4% 3.6%
5.1% 4.3% 4.8% 4.7%
-44,421 20,616 8,900 -14,905
-31,669 40,814 53,790 62,935
$21.28 $16.60 $18.09 $19.40
$42.91 $35.91 $37.82 $40.04
0 0 0 0
780,000 0 0 780,000
Downtown South
A B C All
6 5 7 18
2,270,654 1,271,110 273,699 3,815,463
4,121 76,091 56,840 137,052
0.2% 6.0% 20.8% 3.6%
24,123 144,935 56,840 225,898
0.0% 63.8% 100.0% 66.1%
1.1% 11.4% 20.8% 5.9%
2.4% 21.1% 20.8% 10.0%
-4,121 -3,431 0 -7,552
645,128 62,295 0 707,423
$31.00 $15.00 $0.00 $20.04
$55.52 $30.42 $0.00 $38.33
0 0 0 0
1,572,500 0 0 1,572,500
Downtown West
A B C All
42 102 59 203
4,046,446 8,278,393 1,501,556 13,826,395
317,004 418,117 61,849 796,970
7.8% 5.1% 4.1% 5.8%
451,907 484,839 96,495 1,033,241
7.3% 33.2% 4.6% 19.2%
11.2% 5.9% 6.4% 7.5%
10.0% 8.0% 6.2% 8.4%
-41,687 -37,713 1,252 -78,148
15,021 134,786 29,007 178,814
$21.32 $18.39 $20.10 $20.05
$37.47 $30.27 $31.59 $34.03
0 0 0 0
0 0 0 0
Downtown Total:
AAA A B C All
14 107 237 147 505
14,753,012 22,771,169 25,043,036 7,086,075 69,653,292
828,257 1,311,650 1,098,474 314,429 3,552,810
5.6% 5.8% 4.4% 4.4% 5.1%
1,210,540 1,437,403 1,694,417 368,541 4,710,901
7.1% 10.0% 28.8% 21.3% 16.9%
8.2% 6.3% 6.8% 5.2% 6.8%
12.8% 6.7% 7.6% 7.2% 8.2%
12,741 -92,497 -10,174 9,622 -80,308
142,155 849,697 211,632 105,277 1,308,762
$32.03 $23.81 $19.56 $18.56 $24.47
$63.12 $46.04 $37.10 $32.86 $47.21
0 0 0 0 0
0 2,978,955 100,000 0 3,078,955
Financial Core
Survey results presented on this report have been condensed for 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. Vacant space is physically unoccupied, and it includes both headlease and sublease space.
3
Proportion of Sublease 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.
Colliers Statistics ColliersMidtown Midtown || Office Office Statistics 2012Â Q1 2012 Q3 Office Market / Submarket
Buildings Class Surveyed
Office 1 Inventory
Vacant Space
Vacancy Rate 2
Available Space
Proportion 2012 Q3 2011 Q3 Net Net Wgt Avg. Wgt Avg. of Sublease Availability Availability Absorption Absorption Asking Net Asking Gross 5 Availability3 Rate Rate 2012 Q3 12 Months Rental Rates Rental Rates
Net New Supply 2012 Q3
Currently Under Construction
Yonge-Bloor
A B C All
8 35 29 72
2,622,554 5,075,486 1,572,903 9,270,943
103,963 132,726 185,000 421,689
4.0% 2.6% 11.8% 4.5%
215,860 110,316 152,503 478,679
41.9% 26.1% 6.5% 27.0%
8.2% 2.2% 9.7% 5.2%
7.2% 2.8% 13.9% 5.6%
1,693 11,085 9,619 22,397
85,377 3,029 -4,560 83,847
$23.85 $15.07 $17.35 $19.15
$44.51 $33.82 $34.72 $38.02
0 0 0 0
0 0 0 0
Yonge-St.Clair
A B C All
4 19 12 35
636,452 1,574,516 221,401 2,432,369
21,954 79,529 2,580 104,063
3.4% 5.1% 1.2% 4.3%
47,469 172,873 21,180 241,522
35.8% 17.1% 0.0% 19.3%
7.5% 11.0% 9.6% 9.9%
4.8% 10.7% 1.0% 8.0%
-5,155 -9,321 -1,057 -15,533
-12,937 27,195 -257 14,000
$21.91 $17.12 $14.00 $17.53
$44.87 $36.91 $0.00 $38.30
0 0 0 0
0 0 0 0
Yonge-Eglinton
A B C All
9 22 26 57
1,899,379 1,566,709 1,251,290 4,717,378
98,811 93,854 136,438 329,103
5.2% 6.0% 10.9% 7.0%
101,718 209,600 169,811 481,129
3.8% 32.3% 0.0% 14.9%
5.4% 13.4% 13.6% 10.2%
6.5% 9.8% 16.3% 10.1%
-23,122 16,081 -31 -7,072
-23,329 54,699 78,632 110,002
$15.78 $14.91 $14.35 $14.89
$36.46 $33.54 $30.28 $32.88
0 0 0 0
0 0 0 0
Toronto West
A B C All
0 15 30 45
0 381,845 954,197 1,336,042
0 66,460 51,174 117,634
0.0% 17.4% 5.4% 8.8%
0 24,607 51,383 75,990
0.0% 0.0% 3.2% 2.2%
0.0% 6.4% 5.4% 5.7%
0.0% 8.6% 4.2% 5.2%
0 1,976 10,695 12,671
0 30,161 -9,143 21,018
$0.00 $16.00 $15.15 $15.43
$0.00 $34.80 $24.69 $28.03
0 0 0 0
0 0 0 0
Midtown Total:
A B C All
21 91 97 209
5,158,385 8,598,556 3,999,791 17,756,732
224,728 372,569 375,192 972,489
4.4% 4.3% 9.4% 5.5%
365,047 517,396 394,877 1,277,320
30.5% 24.4% 2.9% 19.5%
7.1% 6.0% 9.9% 7.2%
6.6% 6.0% 11.0% 7.1%
-26,584 19,822 19,226 12,463
49,111 115,084 64,672 228,868
$20.51 $15.82 $15.55 $16.88
$41.44 $34.91 $31.26 $35.16
0 0 0 0
0 0 0 0
Survey results presented on this report have been condensed for 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. Vacant space is physically unoccupied, and it includes both headlease and sublease space.
3
Proportion of Sublease 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.
Colliers North || Office OfficeStatistics Statistics Colliers Central Central North 2012Â Q1 2012 Q3 Office Market / Submarket
Buildings Class Surveyed
Office Inventory
1
Vacant Space
Vacancy Available 2 Space Rate
Proportion 2012 Q3 2011 Q3 Net Net Wgt Avg. Wgt Avg. of Sublease Availability Availability Absorption Absorption Asking Net Asking Gross Rate Rate 2012 Q3 12 Months Rental Rates5 Rental Rates Availability3
Net New Supply 2012 Q3
Currently Under Construction
Yorkdale
A B C All
2 13 14 29
317,281 1,163,783 329,414 1,810,478
0 27,064 29,108 56,172
0.0% 2.3% 8.8% 3.1%
8,000 48,826 19,943 76,769
100.0% 9.1% 0.0% 16.2%
2.5% 4.2% 6.1% 4.2%
0.0% 2.7% 12.0% 3.9%
4,100 3,744 2,525 10,369
4,100 -1,356 8,431 11,175
$0.00 $9.04 $10.85 $9.60
$0.00 $25.40 $19.67 $23.62
0 0 0 0
0 0 0 0
Dufferin Finch
A B C All
0 17 15 32
0 1,320,545 382,655 1,703,200
0 184,959 8,909 193,868
0.0% 14.0% 2.3% 11.4%
0 213,544 23,603 237,147
0.0% 0.0% 0.0% 0.0%
0.0% 16.2% 6.2% 13.9%
0.0% 17.5% 1.7% 14.1%
0 6,444 3,596 10,040
0 7,476 -4,937 2,539
$0.00 $11.91 $7.95 $11.52
$0.00 $23.81 $18.17 $23.24
0 0 0 0
0 0 0 0
North Yonge Corridor
A B C All
23 27 16 66
5,867,043 2,535,117 288,437 8,690,597
206,611 66,440 1,200 274,251
3.5% 2.6% 0.4% 3.2%
339,191 143,200 3,756 486,147
42.5% 19.1% 68.1% 35.8%
5.8% 5.6% 1.3% 5.6%
6.0% 5.1% 0.4% 5.5%
37,666 2,916 820 41,402
245,887 -8,865 1,930 238,952
$19.12 $17.09 $15.00 $18.35
$39.27 $35.13 $32.00 $37.71
0 0 0 0
185,000 0 0 185,000
Central North Area Total:
A B C All
25 57 45 127
6,184,324 5,019,445 1,000,506 12,204,275
206,611 278,463 39,217 524,291
3.3% 5.5% 3.9% 4.3%
347,191 405,570 47,302 800,063
43.8% 7.9% 5.4% 23.3%
5.6% 8.1% 4.7% 6.6%
5.7% 7.4% 4.9% 6.3%
41,766 13,105 6,941 61,812
249,987 -2,745 5,424 252,666
$19.12 $13.18 $9.43 $14.79
$39.27 $27.50 $19.21 $30.64
0 0 0 0
185,000 0 0 185,000
Survey results presented on this report have been condensed for 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. Vacant space is physically unoccupied, and it includes both headlease and sublease space.
3
Proportion of Sublease 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.
Colliers East || Office OfficeStatistics Statistics Colliers Central Central East 2012Â Q1 2012 Q3
Buildings Office Market / Submarket Class Surveyed
Office 1 Inventory
Vacant Space
Vacancy Rate 2
Available Space
Proportion 2012 Q3 2011 Q3 Net Net Wgt Avg. Wgt Avg. of Sublease Availability Availability Absorption Absorption Asking Net Asking Gross 5 Availability3 Rate Rate 2012 Q3 12 Months Rental Rates Rental Rates
Net New Supply 2012 Q3
Currently Under Construction
Don Mills Eglinton
A B C All
6 36 21 63
1,082,940 3,365,734 723,762 5,172,436
53,789 99,049 0 152,838
5.0% 2.9% 0.0% 3.0%
63,771 179,554 0 243,325
42.3% 9.1% 0.0% 17.8%
5.9% 5.3% 0.0% 4.7%
5.5% 8.2% 5.0% 7.4%
180 41,421 1,600 43,201
-33,830 95,384 8,944 70,498
$13.00 $10.63 $0.00 $11.06
$28.66 $24.15 $0.00 $24.98
0 0 0 0
0 0 0 0
Duncan Mill
A B C All
3 21 16 40
528,307 1,370,419 395,832 2,294,558
4,672 85,504 0 90,176
0.9% 6.2% 0.0% 3.9%
25,690 158,977 7,544 192,211
94.6% 3.9% 0.0% 15.9%
4.9% 11.6% 1.9% 8.4%
2.5% 10.2% 1.8% 7.1%
-3,456 5,873 14,220 16,637
12,428 585 47,108 60,120
$14.00 $10.56 $10.03 $10.57
$30.06 $23.10 $25.49 $23.27
0 0 0 0
0 0 0 0
Consumers Road
A B C All
6 16 8 30
1,303,336 1,972,881 473,993 3,750,210
149,731 325,675 10,000 485,406
11.5% 16.5% 2.1% 12.9%
216,193 320,475 40,386 577,054
15.6% 0.0% 18.1% 7.1%
16.6% 16.2% 8.5% 15.4%
17.6% 17.5% 6.7% 16.2%
-42,466 3,647 11,255 -27,564
-26,144 9,339 -1,813 -18,618
$13.97 $11.96 $10.00 $12.52
$31.17 $26.20 $23.00 $27.70
0 0 0 0
0 0 0 0
Woodbine Steeles
A B C All
16 20 20 56
3,030,756 1,352,827 489,131 4,872,714
257,451 8,915 6,127 272,493
8.5% 0.7% 1.3% 5.6%
365,394 51,007 12,791 429,192
20.8% 39.4% 72.2% 24.5%
12.1% 3.8% 2.6% 8.8%
13.3% 7.5% 1.1% 10.7%
5,267 3,250 5,161 13,678
-114,327 7,497 -1,547 -108,377
$13.69 $9.91 $9.03 $13.28
$29.09 $20.14 $19.93 $28.13
0 0 0 0
0 36,720 0 36,720
Toronto East
A B C All
3 11 5 19
265,650 799,932 238,011 1,303,593
3,322 5,433 8,587 17,342
1.3% 0.7% 3.6% 1.3%
0 28,000 8,587 36,587
0.0% 0.0% 0.0% 0.0%
0.0% 3.5% 3.6% 2.8%
0.0% 3.4% 2.2% 2.5%
-3,322 0 -1,537 -4,859
-3,322 0 -1,537 -4,859
$0.00 $10.00 $7.15 $9.33
$0.00 $15.55 $20.85 $16.79
0 0 0 0
0 0 0 0
Central East Area Total:
A B C All
34 104 70 208
6,210,989 8,861,793 2,320,729 17,393,511
468,965 524,576 24,714 1,018,255
7.6% 5.9% 1.1% 5.9%
671,048 738,013 69,308 1,478,369
24.0% 5.8% 23.9% 14.9%
10.8% 8.3% 3.0% 8.5%
11.4% 9.9% 3.7% 9.7%
-43,797 54,191 30,699 41,093
-165,195 112,804 51,155 -1,236
$13.74 $11.17 $9.48 $12.14
$29.80 $24.34 $22.80 $26.49
0 0 0 0
0 36,720 0 36,720
Survey results presented on this report have been condensed for 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. Vacant space is physically unoccupied, and it includes both headlease and sublease space.
3
Proportion of Sublease 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.
Colliers North| |Office OfficeStatistics Statistics Colliers GTA GTA North 2012Â Q1 2012 Q3 Office Market / Submarket
Buildings Office 1 Class Surveyed Inventory
Vacant Space
Vacancy Rate 2
Available Space
Proportion 2012 Q3 2011 Q3 Net Net Wgt Avg. Wgt Avg. Net New Currently of Sublease Availability Availability Absorption Absorption Asking Net Asking Gross Supply Under 5 Availability3 Rate Rate 2012 Q3 12 Months Rental Rates Rental Rates 2012 Q3 Construction
Vaughan
A B C All
16 31 15 62
909,170 1,656,474 590,703 3,156,347
158,597 59,281 29,321 247,199
17.4% 3.6% 5.0% 7.8%
117,614 78,346 6,643 202,603
0.0% 14.6% 0.0% 5.6%
12.9% 4.7% 1.1% 6.4%
0.4% 4.4% 5.1% 3.4%
2,513 6,666 -14,544 -5,365
20,205 7,052 -7,187 20,070
$20.19 $13.37 $13.50 $17.57
$31.49 $24.80 $22.40 $28.83
72,178 0 0 72,178
0 0 0 0
Richmond Hill
A B C All
4 7 2 13
521,489 235,022 30,000 786,511
5,012 5,736 0 10,748
1.0% 2.4% 0.0% 1.4%
5,012 7,844 0 12,856
0.0% 0.0% 0.0% 0.0%
1.0% 3.3% 0.0% 1.6%
2.0% 3.8% 0.0% 2.5%
-2,880 2,918 4,144 4,182
4,834 1,116 4,144 10,094
$12.59 $12.38 $0.00 $12.46
$25.18 $25.05 $0.00 $25.10
0 0 0 0
0 0 0 0
Hwy404-Hwy407
A B C All
35 46 48 129
4,311,583 2,596,930 1,692,155 8,600,668
364,638 180,247 73,636 618,521
8.5% 6.9% 4.4% 7.2%
476,431 140,440 72,540 689,411
41.7% 22.6% 35.3% 37.1%
11.1% 5.4% 4.3% 8.0%
12.5% 10.1% 6.7% 10.6%
46,359 30,405 23,580 100,344
36,332 59,754 21,742 117,828
$17.11 $14.24 $11.84 $15.82
$31.39 $26.40 $22.69 $29.19
0 0 0 0
0 0 0 0
Markham Town Centre
A B C All
10 25 11 46
1,136,384 1,834,573 335,214 3,306,171
99,009 41,024 64,423 204,456
8.7% 2.2% 19.2% 6.2%
148,479 182,445 64,423 395,347
8.8% 15.4% 0.0% 10.4%
13.1% 9.9% 19.2% 12.0%
12.7% 6.6% 18.7% 10.3%
2,351 45,865 1,432 49,648
-663 59,506 16,488 75,331
$14.99 $13.46 $10.04 $13.42
$27.07 $25.94 $16.02 $24.57
0 49,137 0 49,137
0 0 0 0
GTA North Total:
A B C All
65 109 76 250
6,878,626 6,322,999 2,648,072 15,849,697
627,256 286,288 167,380 1,080,924
9.1% 4.5% 6.3% 6.8%
747,536 409,075 143,606 1,300,217
28.3% 17.4% 17.8% 23.7%
10.9% 6.5% 5.4% 8.2%
10.4% 7.5% 8.1% 8.9%
48,343 85,854 14,612 148,809
60,707 127,427 35,187 223,322
$17.21 $13.66 $10.95 $15.26
$30.26 $25.84 $19.03 $27.42
72,178 49,137 0 121,315
0 0 0 0
Survey results presented on this report have been condensed for 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. Vacant space is physically unoccupied, and it includes both headlease and sublease space.
3
Proportion of Sublease 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.
Colliers OfficeStatistics Statistics ColliersGTA GTA East East || Office 2012Â Q1 2012 Q3 Buildings Office Market / Submarket Class Surveyed
Office 1 Inventory
Vacant Space
Vacancy Rate 2
Available Space
Proportion 2012 Q3 2011 Q3 Net Net Wgt Avg. Wgt Avg. of Sublease Availability Availability Absorption Absorption Asking Net Asking Gross 5 Availability3 Rate Rate 2012 Q3 12 Months Rental Rates Rental Rates
Net New Supply 2012 Q3
Currently Under Construction
Scarborough Town Centre
A B C All
6 29 18 53
1,488,002 1,754,881 803,547 4,046,430
178,057 212,801 12,368 403,226
12.0% 12.1% 1.5% 10.0%
247,624 176,053 17,931 441,608
40.2% 7.7% 0.0% 25.6%
16.6% 10.0% 2.2% 10.9%
16.5% 10.4% 2.7% 11.4%
0 12,204 5,773 17,977
32,822 -36,450 1,434 -2,194
$15.00 $13.18 $10.69 $13.86
$32.55 $27.86 $25.74 $29.86
0 0 0 0
0 0 0 0
Pickering Oshawa
A B C All
11 15 6 32
901,529 576,994 189,376 1,667,899
63,300 55,187 0 118,487
7.0% 9.6% 0.0% 7.1%
57,673 57,527 0 115,200
0.0% 0.0% 0.0% 0.0%
6.4% 10.0% 0.0% 6.9%
7.3% 5.2% 0.0% 5.8%
586 3,041 0 3,627
24,829 -7,789 0 17,040
$13.02 $14.05 $0.00 $13.53
$26.77 $25.93 $0.00 $26.35
0 0 0 0
0 0 0 0
GTA East
A B C All
17 44 24 85
2,389,531 2,331,875 992,923 5,714,329
241,357 267,988 12,368 521,713
10.1% 11.5% 1.2% 9.1%
305,297 233,580 17,931 556,808
32.6% 5.8% 0.0% 20.3%
12.8% 10.0% 1.8% 9.7%
12.8% 9.3% 2.1% 9.7%
586 15,245 5,773 21,604
57,651 -44,239 1,434 14,846
$14.45 $13.41 $10.69 $13.78
$30.93 $27.35 $25.74 $28.95
0 0 0 0
0 0 0 0
Area Total:
Survey results presented on this report have been condensed for 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. Vacant space is physically unoccupied, and it includes both headlease and sublease space.
3
Proportion of Sublease 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.
Colliers West| |Office OfficeStatistics Statistics Colliers GTA GTA West 2012Â Q1 2012 Q3 Buildings Office Market / Submarket Class Surveyed
Office Inventory 1
Vacant Space
Vacancy Rate 2
Available Space
Proportion 2012 Q3 2011 Q3 Net Net Wgt Avg. Wgt Avg. Net New Currently of Sublease Availability Availability Absorption Absorption Asking Net Asking Gross Supply Under 3 5 Availability Rate Rate 2012 Q3 12 Months Rental Rates Rental Rates 2012 Q3 Construction
Airport Corporate Centre
A B C All
21 27 31 79
2,510,842 2,088,173 1,439,392 6,038,407
247,386 170,545 153,513 571,444
9.9% 8.2% 10.7% 9.5%
314,837 143,479 287,784 746,100
6.0% 23.4% 12.9% 12.0%
12.5% 6.9% 20.0% 12.4%
14.5% 15.4% 20.2% 16.2%
12,836 818 27,991 41,645
32,580 3,890 34,817 71,287
$16.93 $14.22 $13.76 $15.27
$30.91 $27.78 $23.43 $27.53
0 0 0 0
134,000 0 0 134,000
Airport East
A B C All
8 34 27 69
893,086 2,227,387 985,197 4,105,670
127,389 304,564 29,801 461,754
14.3% 13.7% 3.0% 11.2%
203,071 401,817 107,945 712,833
8.1% 20.8% 68.5% 24.4%
22.7% 18.0% 11.0% 17.4%
19.4% 23.1% 8.4% 18.8%
2,931 18,671 3,891 25,493
-10,680 54,464 -1,440 42,344
$16.20 $11.64 $9.14 $13.06
$31.78 $24.11 $15.07 $26.20
0 0 0 0
0 0 0 0
Airport West
A B C All
21 27 11 59
2,613,606 1,468,066 345,719 4,427,391
53,522 45,070 34,847 133,439
2.0% 3.1% 10.1% 3.0%
81,079 81,355 26,399 188,833
0.0% 77.5% 0.0% 33.4%
3.1% 5.5% 7.6% 4.3%
3.0% 5.0% 9.1% 4.1%
0 1,158 3,000 4,159
-2,822 5,662 -8,278 -5,438
$15.65 $13.41 $12.56 $14.68
$25.12 $18.92 $23.00 $23.77
0 0 0 0
0 0 0 0
Brampton
A B C All
14 15 5 34
758,993 1,722,186 118,992 2,600,171
158,784 19,495 24,577 202,856
20.9% 1.1% 20.7% 7.8%
152,182 88,626 16,377 257,185
10.8% 0.0% 0.0% 6.4%
20.1% 5.1% 13.8% 9.9%
20.1% 5.7% 11.1% 10.0%
4,880 -2,859 2,563 4,583
-53,111 16,071 2,263 -34,777
$16.59 $12.41 $13.23 $14.82
$28.19 $22.57 $24.00 $25.83
0 0 0 0
0 50,000 0 50,000
Burlington
A B C All
20 35 27 82
1,788,822 1,476,729 1,021,371 4,286,922
193,002 86,479 57,142 336,623
10.8% 5.9% 5.6% 7.9%
223,571 114,368 38,314 376,253
14.4% 32.5% 0.0% 18.4%
12.5% 7.7% 3.8% 8.8%
13.5% 8.4% 10.1% 10.9%
2,726 -12,411 1,285 -8,401
37,393 14,812 13,478 65,684
$17.44 $13.03 $12.58 $15.72
$28.74 $21.17 $17.59 $25.45
0 0 0 0
0 60,632 0 60,632
Cooksville
A B C All
5 18 12 35
666,783 813,527 279,292 1,759,602
12,449 39,796 23,027 75,272
1.9% 4.9% 8.2% 4.3%
63,755 25,753 13,695 103,203
33.5% 0.0% 0.0% 20.7%
9.6% 3.2% 4.9% 5.9%
6.0% 8.2% 8.3% 7.4%
2,213 11,588 2,332 16,132
8,813 12,991 6,720 28,524
$15.88 $10.44 $8.00 $12.85
$29.78 $22.17 $19.55 $25.67
0 0 0 0
0 0 0 0
Hwy401 Hurontario
A B C All
9 11 17 37
1,763,830 606,912 754,629 3,125,371
134,750 44,073 9,554 188,377
7.6% 7.3% 1.3% 6.0%
191,801 157,564 11,501 360,866
55.6% 46.7% 25.4% 50.8%
10.9% 26.0% 1.5% 11.5%
11.8% 4.9% 3.2% 8.2%
-1,322 3,034 -239 1,473
86,488 -76,048 17,261 27,701
$13.60 $15.30 $8.06 $14.14
$26.47 $25.53 $15.34 $25.49
0 0 0 0
0 0 0 0
Hwy427 Bloor-Islington
A B C All
14 31 22 67
2,361,414 1,378,926 601,976 4,342,316
277,664 177,887 14,535 470,086
11.8% 12.9% 2.4% 10.8%
199,553 190,247 26,053 415,853
10.0% 14.5% 72.9% 16.0%
8.5% 13.8% 4.3% 9.6%
11.1% 11.0% 6.9% 10.5%
-1,665 -7,325 15,538 6,548
51,290 -14,624 9,243 45,909
$14.31 $11.58 $9.99 $12.95
$31.55 $25.41 $20.14 $28.46
0 0 0 0
0 0 0 0
Mississauga City Centre
A B C All
14 9 13 36
3,004,665 530,735 225,898 3,761,298
333,666 7,626 980 342,272
11.1% 1.4% 0.4% 9.1%
403,786 14,530 17,639 435,955
11.6% 21.5% 0.0% 11.5%
13.4% 2.7% 7.8% 11.6%
15.2% 3.5% 0.6% 12.7%
1,841 4,669 -180 6,329
-33,484 -265 2,145 -31,604
$17.94 $13.80 $14.03 $17.64
$34.93 $25.67 $23.66 $34.14
0 0 0 0
0 90,000 0 90,000
Meadowvale
A B C All
22 37 39 98
3,546,243 2,193,285 1,411,306 7,150,834
287,504 178,400 239,303 705,207
8.1% 8.1% 17.0% 9.9%
269,693 270,935 192,357 732,985
0.0% 8.9% 8.9% 5.6%
7.6% 12.4% 13.6% 10.3%
5.6% 22.7% 13.9% 13.2%
102,793 8,212 -3,271 107,734
143,602 66,886 -54,739 155,750
$17.92 $15.38 $13.17 $15.81
$31.28 $29.26 $20.72 $27.88
125,000 0 0 125,000
345,868 0 0 345,868
Sheridan Winston
A B C All
4 20 12 36
347,676 1,213,760 424,294 1,985,730
0 31,822 15,376 47,198
0.0% 2.6% 3.6% 2.4%
0 47,834 23,318 71,152
0.0% 0.0% 0.0% 0.0%
0.0% 3.9% 5.5% 3.6%
0.0% 1.1% 1.0% 0.9%
0 -10,283 930 -9,353
0 -8,261 3,463 -4,798
$0.00 $11.31 $8.29 $10.32
$0.00 $21.49 $15.51 $19.53
0 0 0 0
0 0 0 0
Oakville
A B C All
17 35 23 75
1,565,708 1,427,855 569,531 3,563,094
235,135 137,266 38,681 411,082
15.0% 9.6% 6.8% 11.5%
202,316 165,016 44,056 411,388
1.4% 0.6% 0.0% 0.9%
12.9% 11.6% 7.7% 11.5%
13.8% 14.5% 13.6% 14.1%
4,881 -2,425 18,920 21,376
77,611 63,861 23,350 164,823
$18.77 $16.46 $11.22 $17.02
$27.79 $26.03 $20.55 $26.30
0 0 0 0
150,000 0 0 150,000
GTA West Total:
A B C All
169 299 239 707
21,821,668 17,147,541 8,177,597 47,146,806
2,061,251 1,243,023 641,336 3,945,610
9.4% 7.2% 7.8% 8.4%
2,305,644 1,701,524 805,438 4,812,606
12.2% 20.4% 18.7% 16.2%
10.6% 9.9% 9.8% 10.2%
11.0% 12.4% 10.8% 11.5%
132,112 12,845 72,761 217,718
337,680 139,441 48,282 525,403
$16.93 $13.47 $12.64 $15.07
$30.67 $25.37 $21.23 $27.36
125,000 0 0 125,000
629,868 200,632 0 830,500
Survey results presented on this report have been condensed for 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. Vacant space is physically unoccupied, and it includes both headlease and sublease space.
3
Proportion of Sublease 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.