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Commercial Real Estate – Financial Core Toronto

Commercial Real Estate Toronto

Financial Core Office Space for Lease
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Toronto Office Space for Sale

Commercial Real Estate

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Small Midtown Toronto Office Space for Lease

Commercial Real Estate Toronto Midtown

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Downtown West Landlord Listings Direct

Downtown West Office Space

Downtown West Office Space Price List

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Commercial Real Estate across the GTA

Toronto Office Space

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Canadian office vacancy rate rises in Q4

Toronto commercial real estate

Vacancy rates in Canada’s commercial real estate market rose in the fourth quarter but leasing activity is gaining momentum as confidence in the economy returns, a CB Richard Ellis report showed on Thursday.

The overall year-over-year vacancy rate for both downtown and suburban office space climbed to 9.8 percent from 6.7 percent, CBRE said in its fourth-quarter report on national office and industrial trends.

However, the real estate services firm said it is seeing a rise in leasing activity and better access to capital in the quarter helped the sector to show fresh signs of life.

Businesses that had delayed decisions during the worst of the recession are now looking to come back into the market, the report said. This is a positive signal of market confidence heading into the new year, it said, even though this confidence was not reflected in the fourth-quarter vacancy levels.

The Toronto and Calgary markets still face pressures because each city is preparing for a wave of new office space coming on the market through to 2011.

Both will be dependent on their dominant downtown tenants — financial and professional services in Toronto and oil and gas in Calgary — to mark a turnaround.

“Watching the story in Toronto and Calgary is akin to watching a glacier head steadily in your direction. We’re just on the tail end of a construction boom, and at this point the added inventory has to work itself through the market,” said John O’Bryan, vice-chairman at CBRE.

Calgary, Alberta, was the hardest-hit market in the fourth quarter, with vacancies more than doubling to 15.6 percent from 6.3 percent. But lower rents in the new year are expected to pull down the rate in the country’s oil and gas capital.

In Toronto, the vacancy rate rose to 9.4 percent from 6.8 percent. Year-over-year space under construction shrank by more than half to 2.49 million square feet from 6.06 million in the fourth quarter. Supply is likely to outpace demand next year.

Vacancy rates were relatively stable in other Ontario markets such as London, the Waterloo region and Ottawa, rates fluctuating less than 1 percent, year-over-year.

In Vancouver, British Columbia, vacancy rates climbed to 9.1 percent from 6.1 percent.

Well Priced Commercial Real Estate Toronto

Commercial Real Estate Toronto - Deals

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Small Office Suites Available for Lease – Financial Core Toronto

Toronto Financial Core - Office Space

Financial Core Toronto Office Space
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Office Pipes

Filed Under Featured Office Space, Market Info · Tagged:  

VIA – http://www.dezeen.com

December 16th, 2009

DZN sq J E T Bailey Office lr 11 | Office Space Toronto | Commercial Real Estate Toronto

Tom Kundig of Seattle studio Olson Sundberg Kundig Allen Architects has designed an extension to a steel pipe factory that uses giant pipes as architectural elements.

DZN J E T Bailey Office lr 15 | Office Space Toronto | Commercial Real Estate Toronto

The building, for T Bailey Inc, will use sections of the giant pipes made at the facility that are usually used to make wind turbine towers.

DZN J E T Bailey Office lr 11 | Office Space Toronto | Commercial Real Estate Toronto

More Dezeen stories about Tom Kundig/Olson Sundberg Kundig Allen Architects:

Montecito Residence
Rolling Huts
Delta Shelter

Here’s some info from the architects:

Tom Kundig of Olson Sundberg Kundig Allen Architects has designed an 11,700 square foot office addition to the existing heavy industrial manufacturing plant of T. Bailey Inc. in Washington State.

DZN J E T Bailey Office lr 7 | Office Space Toronto | Commercial Real Estate Toronto

The building explores the idea of using the client’s product— pipes used in wind turbine towers — in the construction of its headquarters. Visitors enter the building and climb to the main office space via a horizontal 14’ and vertical 22’ diameter pipes.

DZN J E T Bailey Office lr 8 | Office Space Toronto | Commercial Real Estate Toronto

Located within the vertical pipe, a skylight and large fan ventilate the main office floor. The skylight and fan are powered by solar energy. Warm air is sucked from the office space through the stairway pipe and evacuated out of the building, significantly reducing the cooling load.

DZN J E T Bailey Office lr 9 | Office Space Toronto | Commercial Real Estate Toronto

Materials are unfinished – concrete floors, unfinished steel, and an exposed structure – giving the space a raw aesthetic while reducing the coatings and toxic materials added to the building. The roof’s slope directs runoff into a rain garden and adjoining landscape.

DZN J E T Bailey Office lr 10 | Office Space Toronto | Commercial Real Estate Toronto

Loft Style Office Space

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