Colliers CRE Market Statistics Q2 13

1. Second Quarter 2013
Market Snapshot
Q1 2013 Q2 2013 Trend
Office Inventory 69,443,822 69,551,319 
Net Absorption 198,464 246,297  MAP
Vacancy Rate 4.2% 4.0% 
Availability Rate 5.5% 5.0% 
Average Asking Net Rent $24.12 $24.06 
Average Additional Rent $21.59 $21.79 
Average Asking Gross Rent $45.71 $45.85 
24 Month Trend
Inventory & Availability by Market
Inventory (SF)
Completed, 100% - 333 King Street East, Q2 2013, 100,000 SF (First Gulf)
Under Construction, 80% Leased - RBC Waterpark, Q3 2014, 933,020 SF (Oxford)
Under Construction, 67% Leased - Bremner Tower, Q3 2014, 732,000 SF (GWL/bcIMC)
Under Construction, 66% Leased - Bay-Adelaide II, Q1 2016, 900,000 SF (Brookfield) Availability (SF)
Pre-lease - York Centre, Q2 2016, 802,000 SF (Cadillac Fairview)
Pre-lease - Richmond Adelaide Centre Phase 3, Q1 2017, 900,000 SF (Oxford)
Pre-lease - Queen Richmond Centre West Phase 1, Q1 2015, 299,178 SF (Allied)
Market Profile
TTC access via subway, LRT and bus routes.
Market amenities include underground PATH network connecting the Financial Core
submarket, brick & beam historic conversions and a number of major developments
planned for Toronto's waterfront.
New Developments Update
Office Market Dashboard |
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Downtown
$24.06
4.0%
-15
-10
-5
0
5
10
15
20
25
30
-600
-400
-200
0
200
400
600
800
1,000
1,200
2011
Q3
2011
Q4
2012
Q1
2012
Q2
2012
Q3
2012
Q4
2013
Q1
2013
Q2
AskingNetRent($)/VacancyRate(%)
Absorption(ThousandsSF)
Absorption Vacancy Rate Average Net Rent
Financial Core
34,725,556
50%
Downtown
East
4,123,136
6%
Downtown
North
14,004,415
20% Downtown
South
3,679,348
5%
Downtown
West
13,018,864
19%
Financial Core
1,950,933
56%
Downtown
East
129,738
4%
Downtown
North
599,616
17%
Downtown
South
51,762
2%
Downtown
West
721,311
21%