Lennard Listings Toronto – January 2011

For floor plans or a survey of available office space in Toronto provide your contact info here and I will be in touch with a custom survey of office space tailored to your needs. It can’t get any easier that that!

OfficeZilla.ca – for Small or Shared Office Space

http://officezilla.ca

The demand for small office space with flexible lease terms has never been so high in the Greater Toronto Area. Until now, an entrepreneur would have to scour the internet classifieds or hope to stumble upon the right website… Well, here it is!

OfficeZilla.ca is your one stop shop for Commercial Real Estate (CRE) in the GTA. We have office space listings from 1,000 to more than 30,000 square feet. With short and long term leases as well as shared office space and sub-leasing opportunities, we have it all. Search by region, size or price to find the perfect fit for you!

As a landlord or agent, you’ll be able to post a listing catered to your target market. With the option to choose pictures and description, the sky is the limit.

Long Term Sublease available in Toronto’s Financial Core – January 2011

OfficeSearchToronto.com helps tenants determine the best office space for their budget from one of the largest database of available listings online. For a free survey call us at 416-643-3713 or E-mail Us Here or Contact Us!

Ashlar Urban – January 2011 Office Listings

OfficeSearchToronto.com tracks available office space across the GTA. Want a survey or availability report somewhere else in Toronto? Are these space too big? Call us at 416-643-3713 or E-mail Me!

Toronto Downtown North Commercial Real Estate – January 2011

We provide free custom surveys of available office space including a price list and floor plans. Simply reach out to us here!

Address	Available Space (sf)	Asking Gross Rental Rate (psf)	Asking Monthly Rate	Asking Annual Rate
14 College Street	3,226	$35.00	$9,409.17	$112,910.00
14 College Street	3,332	$35.00	$9,718.33	$116,620.00
14 College Street	3,358	$35.00	$9,794.17	$117,530.00
14 College Street	3,358	$35.00	$9,794.17	$117,530.00
14 College Street	3,358	$35.00	$9,794.17	$117,530.00
14 College Street	3,358	$35.00	$9,794.17	$117,530.00
174 Spadina Avenue	3,211	$32.00	$8,562.67	$102,752.00
2 Carlton Street	4,975	$32.94	$13,656.38	$163,876.50
2 Carlton Street	3,495	$32.94	$9,593.78	$115,125.30
2 Carlton Street	1,189	$32.94	$3,263.81	$39,165.66
2 Carlton Street	1,097	$32.94	$3,011.27	$36,135.18
2 Carlton Street	1,105	$32.94	$3,033.23	$36,398.70
2 Carlton Street	3,795	$32.94	$10,417.28	$125,007.30
2 Carlton Street	1,926	$32.94	$5,286.87	$63,442.44
2 Carlton Street	2,287	$32.94	$6,277.82	$75,333.78
2 Carlton Street	1,430	$30.56	$3,641.73	$43,700.80
2 Carlton Street	4,696	$53.94	$21,108.52	$253,302.24
20 Carlton Street	1,009	$24.00	$2,018.00	$24,216.00
229 Yonge Street	2,864	$31.85	$7,601.53	$91,218.40
229 Yonge Street	2,735	$31.85	$7,259.15	$87,109.75
250 Dundas Street W	3,601	$32.41	$9,725.70	$116,708.41
27 Carlton Street	1,026	$42.50	$3,633.75	$43,605.00
27 Carlton Street	1,125	$42.50	$3,984.38	$47,812.50
295 College Street	4,142	$33.00	$11,390.50	$136,686.00
295 College Street	3,490	$33.00	$9,597.50	$115,170.00
295 College Street	4,383	$33.00	$12,053.25	$144,639.00
30 St Patrick Street	3,025	$30.00	$7,562.50	$90,750.00
425 University Avenue	1,984	$28.30	$4,678.93	$56,147.20
438 University Avenue	3,261	$42.01	$11,416.22	$136,994.61
439 University Avenue	1,258	$33.40	$3,501.43	$42,017.20
439 University Avenue	1,815	$33.40	$5,051.75	$60,621.00
439 University Avenue	1,934	$33.40	$5,382.97	$64,595.60
480 University Avenue	1,496	$25.69	$3,202.69	$38,432.24
481 University Avenue	2,469	$33.04	$6,797.98	$81,575.76
481 University Avenue	2,484	$33.04	$6,839.28	$82,071.36
595 Parliament Street	1,952	$17.00	$2,765.33	$33,184.00
595 Parliament Street	1,017	$17.00	$1,440.75	$17,289.00
595 Parliament Street	2,867	$17.00	$4,061.58	$48,739.00
7 Labatt Avenue	3,000	$20.00	$5,000.00	$60,000.00
7 Labatt Avenue	5,000	$20.00	$8,333.33	$100,000.00
800 Bay Street	5,000	$38.26	$15,941.67	$191,300.00
800 Bay Street	3,883	$38.26	$12,380.30	$148,563.58

Client Office Survey – 1500 to 3000 sf – walking distance to Metro Toronto Convention Center

Cushman & Wakefield Ltd – January 2011 Listings

For commercial real estate advice or a custom survey of available office space call 416-643-3713 or contact us here!

Avison Young releases 2011 commercial real estate forecast

CANADA

Office
According to the report, Canada’s office vacancy rate managed to remain below the 10% mark in 2010, falling 60 basis points (bps) to 8.6% in 2010 from 9.2% in 2009 as stability and recovery took hold. Eight of the 12 Canadian markets surveyed experienced a decrease in overall vacancy – a reversal from 2009 when vacancy rates increased across the board. In 2011, office vacancy rates will continue to oscillate across the country with the overall vacancy rate expected to end the year slightly above the 9% range. Remnants of the recession will continue to linger and will be contested in many markets. Seven of the 12 markets will witness, to varying degrees, a rise in vacancy in 2011 – largely in Western Canada. Increases will range from 60 bps (Vancouver) to 150 bps (Edmonton). On the other hand, vacancy will trend lower in such markets as Winnipeg (-20 bps to 4.9%), Mississauga (-30 bps to 12.7%), Halifax (-40 bps to 6.6%) and Montreal (-100 bps to 8%) while holding steady in Quebec City (4.6%). The country’s largest office market, Toronto, will peak at 10.8% by year-end 2011.

Retail
Recovering consumer confidence was the key factor in determining the dynamic in the retail leasing market in 2010. Despite some retailers scaling back or closing their doors, others seized the opportunity to expand and/or introduce new formats. Even the introduction of the Harmonized Sales Tax (HST) in British Columbia and Ontario (though contested) did not deter consumers from opening their wallets. Retail was also the most sought-after property type among investors over the past year. In all, $3.8 billion worth of retail properties changed hands between January and September 2010, capturing 31% of the overall investment volume. The relatively stable economy and more positive outlook, coupled with improving consumer confidence, also attracted big-name foreign brands, such as Victoria’s Secret, in 2010, with others poised to enter the market in 2011.

Industrial
The industrial market began the recovery process in 2010 as Canada’s industrial vacancy rate dipped to 5.6% from 6.1% in 2009. Vacancy rates, on the rise since the start of the downturn in 2008, stabilized and started to retreat in most markets in 2009 and 2010. The uptick in leasing velocity witnessed in the latter part of 2010 is expected to carry over into 2011 as most markets begin to adjust to the post-recession era. As a result, Canada’s industrial vacancy rate is expected to hold firm, finishing 2011 at 5.5%. Apart from Montreal, which is projected to hold steady at 8.3%, eight of the remaining 10 industrial markets surveyed will see their vacancy rate fall by year-end 2011. In the West, Lethbridge will experience the most notable decline in 2011, dropping 170 bps to 4%. In the East, Ottawa will experience a 60-bps dip to 3.5%, followed by Halifax (-50 bps to 5%) and Mississauga (-20 bps to 6.4%). The country’s largest industrial market, Toronto, will climb 10 bps to 5.7%, while Regina will continue to boast the lowest industrial vacancy rate in the country at 1.9%.

Investment
Purse strings that were tightly held the previous two years were finally loosened and the much-anticipated capital intended for the acquisition of investment-grade assets started to flow. In 2009, caution dictated all investment decisions, product and lenders were scarce, and buyers were not willing to match sellers’ pricing. However, 2010 saw a marked improvement. By the third quarter, more than $12 billion in commercial real estate assets had changed hands, exceeding the total for all of 2009. The growth represented a 57% improvement over the previous nine-month period. Yield compression is underway once again, and some deals are reminiscent of 2007 levels – the previous peak. The aggressive pace seen in markets across Canada in 2010 is expected to continue in 2011 with even more capital looking for a home.

***

Rose adds: “Although there is inherent risk in any recovery, what we have and will continue to see is the orderly flow of capital to real estate. Interest rates are low, values are compelling, distressed selling is almost non-existent and trophy assets are being aggressively fought over as they become available.”

“We anticipate that multinational corporations and other major occupiers of space will strengthen their core businesses and begin to execute on long-term growth plans in 2011,” concludes Rose.” As corporate decision-making gathers steam, activity will follow, and if we are correct that the environment will strike an overall positive bias, then vacancies will start to drop and rental rates will begin to rise. This is when a real recovery will occur. It finally feels like overall improvement could be around the corner.”

Toronto Rental Rates – Great visual map format!

Click below for a larger version of the map.

Q4 Office Gross Rent Map

Oxford Properties – January Vacancy List

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