Office Survey – 3,000 sf in Downtown West Toronto

The market has become extremely tight (no vacancy) over the last few months. We have multiple tenants looking for 2,000 to 5,000 sf in the Downtown West. These are some of the best alternatives we could find.

Please note the attached office space is not listed with OfficeSearchToronto.com but call us first at 416-643-3713 or email us here!

To search our online database, try OfficeZilla.ca!

Gen Y and Implications for Office Markets

Great information on what Colliers expects to see when Gen Y takes the wheel in the corporate world.

Landlord Listings Direct – Office Space for July 2011

Some listings from the larger landlords in the downtown west. Great source. Please retweet!

GTA Commercial Real Estate Stats and Info – Q2 2011

I’m going to keep this brief. It’s a landlord’s market. If you see something you like, jump all over it and do not nickle and dime.

Good luck and retweet this please!

Toronto Financial Core Office Space Listings – July 2011

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

Address	Available Space (sf)	Asking Gross Rental Rate (psf)	Asking Monthly Rate
100 Adelaide Street W	1,881	$31.09	$4,873.36
121 King Street W	3,627	$52.44	$15,849.99
121 King Street W	4,291	$55.44	$19,824.42
121 Richmond Street W	1,141	$31.50	$2,995.13
121 Richmond Street W	2,465	$31.50	$6,470.63
121 Richmond Street W	1,290	$31.50	$3,386.25
144 Front Street W	2,521	$33.54	$7,046.20
145 King Street W	2,550	$57.66	$12,252.75
150 York Street	2,181	$52.09	$9,467.36
150 York Street	1,664	$52.09	$7,223.15
155 University Avenue	4,911	$39.60	$16,206.30
155 University Avenue	1,918	$39.60	$6,329.40
155 University Avenue	4,441	$39.60	$14,655.30
170 University Avenue	1,972	$39.49	$6,489.52
170 University Avenue	2,140	$40.99	$7,309.88
170 University Avenue	1,720	$40.99	$5,875.23
18 King Street E	4,650	$43.88	$17,003.50
18 King Street E	3,219	$43.88	$11,770.81
181 University Avenue	1,648	$52.07	$7,150.95
181 University Avenue	4,173	$52.07	$18,107.34
20 Toronto Street	2,963	$36.50	$9,012.46
200 Bay Street, Royal Bank Plaza South Tower	2,863	$65.25	$15,567.56
25 King Street W	1,988	$56.97	$9,438.03
25 King Street W	1,520	$56.97	$7,216.20
25 King Street W	3,851	$58.97	$18,924.46
25 Toronto Street	3,496	$27.35	$7,967.97
36 Toronto Street	4,043	$42.36	$14,271.79
36 Toronto Street	2,510	$42.36	$8,860.30
36 Toronto Street	1,605	$42.36	$5,665.65
365 Bay Street	1,005	$39.48	$3,306.45
365 Bay Street	3,050	$39.48	$10,034.50
372 Bay Street	4,963	$37.48	$15,501.10
372 Bay Street	4,935	$37.48	$15,413.65
40 University Avenue	2,389	$33.00	$6,569.75
401 Bay Street	2,675	$46.98	$10,472.63
55 York Street	1,200	$39.22	$3,922.00
55 York Street	4,090	$39.22	$13,367.48
67 Yonge Street	1,367	$34.45	$3,924.43
67 Yonge Street	2,463	$34.45	$7,070.86
69 Yonge Street	2,500	$38.16	$7,950.00
8 King Street E	2,316	$39.41	$7,606.13
8 King Street E	2,424	$39.41	$7,960.82
90 Adelaide Street W	4,805	$39.10	$15,656.29
90 Adelaide Street W	1,035	$39.10	$3,372.38

Commercial Real Estate News Toronto – July 2011

Boston Pizza Goes Urban With New Downtown Toronto Location – Boston PIzza – BPF.UN-T
Boston Pizza International Inc. today proudly opened the doors of its 109th location in Ontario at 250 Front Street West in downtown Toronto. The new restaurant is Boston Pizza’s first ever urban concept location and features 350 seats, more than 9,400 square-feet of space on two floors, and an outdoor patio.
Canada News Wire Fri Jun 03 2011

Underpass Park in Toronto a Canadian first
Toronto will soon join the ranks of several international cities with the construction of the $5.3 million Underpass Park in the future West Don Lands community. Stakeholders and supporters congregated beneath a dark underpass May 26 to break ground on the new 315-metre-long park, which is set to be built beneath a maze of overpass bridges that cross the Don Valley Parkway at Eastern Avenue and Adelaide and Richmond streets.
Inside Toronto Mon Jun 06 2011

How towers get the high sign – Colliers International
A landmark building emblazoned with a logo can put a company on the map: Look across the evening skyline of any major Canadian city and you see the glowing names of banks, accounting firms and telecommunications companies – signs as iconic as the buildings they’re stamped on. “It certainly helps their identity,” said David Bowden, president of Colliers International in Canada.
Globe and Mail Tue Jun 07 2011

Dundee readies year’s first REIT IPO – Dundee REIT – D.UN-T
The groundwork is being laid for the first real estate investment trust IPO of the year, as Dundee International REIT looks to raise $365-million to partially fund a German shopping spree. The company has filed a prospectus for an offering priced at $10 a unit, and wants to use the money to buy 295 commercial properties in Germany. About 75 per cent of the 12.5-million square feet of space is leased to Deutsche Post, a mail and logistics group.
Globe and Mail Fri Jun 10 2011

Canada’s office market surging
Canada’s office market is undergoing a “remarkable” surge that points to gains in corporate hiring and the successful transition to a business-led recovery from one driven by the consumer housing market, says a report from Scotia Economics. Rising leasing demand has pushed the national office vacancy rate to just 6.9 per cent in the first quarter from 7.3 per cent in the prior quarter and a cyclical high of 7.5 per cent in mid 2010, says economist Adrienne Warren, the report’s author.
Winnipeg Free Press Mon Jun 13 2011

Toronto development scene’s next generation
They work hard and play hard. And while they may be following in their fathers’ footsteps, these young men have resisted resting on their parents’ laurels. Equipped with university educations, strong work ethics and modern visions, they are helping to redefine the family business for the present and future. Meet four of the notable members of the Toronto development scene’s Generation Next.
Toronto Star Mon Jun 13 2011

New PwC Tower in Toronto now 96% Leased – PWC
The first of two office towers at Southcore Financial Centre, a major mixed-use complex being built in Toronto’s emerging southcore financial district, is now 96 per cent leased. Some of the tenants joining anchor tenant PwC, a leading accounting and consulting firm will be: RSA Canada; SNC-Lavalin and Avison Young, Canada’s largest independently-owned commercial real estate services company.
Canada News Wire Wed Jun 15 2011

New Maple Leaf Gardens will mix past with present
The concrete pad is poured, the press gondola removed and the 80-year-old walls exposed to reveal a cross-section of red and blue paint, support beams and yellow brinks – the map of a building that housed hockey history. For the better part of two years, architects and engineers have worked to transform Maple Leaf Gardens, tucking a new rink in its rafters and an athletic centre, grocery store and parking garage below.
Globe and Mail Fri Jun 17 2011

Tunnel boring starts on Toronto subway extension – TTC
The Toronto Transit Commission has started boring tunnels for an extension of Yonge-University-Spadina subway from the Downsview station into the city of Vaughan. There are four tunnel boring machines and the total cost of the Toronto-York Spadina Subway Extension is estimated at $2.6 billion.
Daily Commercial News Mon Jun 20 2011

Colliers International in Canada Wants to Dominate the Online Space – Collier Canada
This month the company launched an integrated online advertising campaign with The Globe and Mail and RENX Commercial Real Estate News (the parent site of Property Biz Canada). The initiative will highlight a Colliers box ad displaying featured client properties and a search function for all commercial real estate articles on theGlobeandMail.com and on RENX.ca/commercial websites.
Property Biz Canada Mon Jun 20 2011

Mayhew – Alternative Work Space Solutions

Increasingly, more employees are wasting valuable time sitting in traffic instead of producing for their employers. A March 2010 article in the Toronto Star (thestar.com) mentions that only 29 per cent of Toronto area residents leave cars at home contributing to current Toronto traffic gridlock; estimates suggest over $5 billion is being lost in productivity. In light of this reality and a gradual change in the workforce, many companies are recognizing that office culture is quickly shifting as employees are asking for more flextime, better technology and alternative work strategies.

Companies are trying to figure out how to respond to these requests, questioning whether they are losing valuable employees because their office is too far away? Mayhew, a Thornhill based design and workspace solution provider, helps redesign and implement a flexible and functional space that provides convenient alternative work strategies to keep staff happy, productive and stress-free from commuting worries while they work. These strategies include collaborative technology environments, European inspired benching solutions for hoteling,  and health and wellness driven products like Walkstations. By having the right mix of collaborative space for group engagement and private spaces, companies can meet the changing demands of today’s multigenerational workforce.

Flexibility neutralizes the challenges of everyday commuters.

Work life balance is key for all generations, especially Milliennials that are coming into the work force in great numbers. According to the New Jersey Institute of Technology, Milliennials’ time, though flexible, is intentionally scheduled to increase their productivity so it isn’t lost on hassles like commuting through Toronto traffic. They expect today’s employers to be teachers and mentors in an adaptable, comfortable and technologically-rich environment that is ripe for team projects and multi-tasking.

To meet the goals of reducing stress related to commuting congestion and attract and retain Millienials, companies are considering more spacious and comfortable open office environments that establishes a flexible meeting space to spur creativity and communication. Technological upgrades and solutions, like Media:scape and Eno boards, products from Steelcase, lay the groundwork for productivity for training, meetings and more while supporting collaboration efforts throughout your work place. This can be achieved by involving management and staff in developing a space that they all feel proud to work in.

Companies are also encouraging co-working space options which permit their employees to work remotely where required; these environment are proliferating throughout the GTA, further reducing commuting requirements and contributing to a better carbon footprint which aligns with corporate sustainability objectives.

Taking steps like these to improve physical space not only supports company culture, but puts in place a stress-free, commuter-friendly work space that encourages employees to meet and exceed your company’s business goals and objectives.
You can attract and retain today’s youngest and most influential generation while neutralizing the headaches of the Toronto traffic commute with corporate work strategies that positively impact productivity.

Nicole Clancy
nclancy@mayhew.ca

Office Moving Guide – Where do you start?

Care of Terry Ahern from www.atwork.ca

It’s a little self promotional but still helpful.

Oxford’s Big Block Program

Oxford has just gone live with a new website called Oxford Big Blocks. It’s meant to be a “convenient and valuable tool for discussions with large users.”

I’m a little biased as I did some consulting on the site so I love the look and the feel. I also love the stacking plans and many of the videos. The question is, do big users go straight to the internet for vacancy and market information or do they go to their trusted advisor (broker)? In my opinion, you will always get more traffic from the smaller users as many do not have a relationship with a broker but we will see.

What do you think? Waste of money? Great initiative?

On a side note, check out the new designs for 100 Adelaide St W!!

Colliers International 2011 Statistics

A few many reasons I’m proud to be part of Colliers.

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