chris@officesearchtoronto.com

Scotia Plaza Sold for $1.27 Billion #Toronto #CRE

20120522scotia | Office Space Toronto | Commercial Real Estate Toronto

As price tags go, it’s rather impressive: $1.266 billion. That’s how much Scotiabank will be receiving in exchange for its eponymous complex. The centre at 40 King Street West has two new owners: Dundee Real Estate Investment Trust gets a two-thirds share, and H&R Real Estate Investment Trust has picked up the remaining third. That purchase includes several buildings: the 68-storey main tower, the 27-storey older Bank of Nova Scotia building next door, and several adjoining properties—over two million square feet of office space in total.

In a press release issued this afternoon Scotiabank COO Sabi Marwah announced that Scotia will remain in the building as lead tenant; they’ve signed a lease to stay on site in both the modern tower and the older for the next 13.5 years.

Original Article – Torontoist

Downtown East Toronto Office Space for Lease – Best of May 2012

Downtown East Office Space for Lease - May 2012

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

Search other Downtown East Office Space

Address Available Space (sf) Asking Gross Rental Rate (psf) Asking Monthly Rate
103 Richmond Street E 3,507 $28.68 $8,381.73
106 Front Street E 3,279 $35.58 $9,722.24
120 Front Street E 2,808 $28.00 $6,552.00
145 Berkeley Street 2,050 $30.64 $5,234.33
145 Berkeley Street 2,228 $30.64 $5,688.83
250 The Esplanade 2,641 $28.95 $6,371.41
258 Adelaide Street E 1,671 $31.06 $4,325.11
32 Britain Street 2,500 $29.00 $6,041.67
33 Britain Street 2,800 $21.25 $4,958.33
334 King Street E 3,371 $35.17 $9,879.84
366 Adelaide Street E 3,652 $27.00 $8,217.00
366 Adelaide Street E 1,718 $27.00 $3,865.50
366 Adelaide Street E 2,005 $35.00 $5,847.92
41 Britain Street 2,179 $21.00 $3,813.25
411 Richmond Street E 2,980 $26.91 $6,682.65
44 Victoria Street 4,166 $35.45 $12,307.06
47 Colborne Street 2,513 $36.12 $7,564.13
50 Richmond Street E 2,628 $32.00 $7,008.00
53 Jarvis Street 4,873 $39.70 $16,121.51
550 Queen Street E 2,289 $24.25 $4,625.69
550 Queen Street E 2,527 $27.25 $5,738.40

National Real Estate Update on CBC’s Lang & O’Leary

NEW – Bay Adelaide Sublease – 333 Bay Street Downtown Toronto

I posted this sublease on various website.  Lets see what gets the most traction.

OfficeZilla.ca – my personal favorite but I’m biased
Kijiji – a close second
Craigslist – meh, it’s losing its hutzpa
Bizcaf – nice that it posts to twitter for you but it’s more spam than anything else

Do you have any other sites to recommend?

Downtown West Office Space for Lease in Toronto – May 2012

Over the last few weeks it has been difficult to find quality office space for lease in the Downtown West Brick and Beam market.  The attached space are the best options I have toured through the month of April.  If you are interested in receiving more information on any of these listings, call me at 416-643-3713 or E-mail Us Here!

30 Duncan Street – more info
30 Duncan Street

317 Adelaide Avenue West – more info
317 Adelaide Street West

165 John Street – more info
165 John Street

540 Richmond Avenue West – more info
540 Richmond Street West

We are tracking some great space out there! 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!

Address Available Space (sf) Asking Net
Rental Rate
(psf)
Asking Estimated Additional Rent (psf) Asking Gross Rental Rate (psf) Asking Monthly Rate
1 Pardee Avenue 4,585 $12.00 $6.04 $18.04 $6,892.78
110 Spadina Avenue 2,832 $28.00 $1.25 $29.25 $6,903.00
111 Peter Street 2,762 $15.00 $15.76 $30.76 $7,079.93
111 Peter Street 4,137 $15.00 $15.76 $30.76 $10,604.51
111 Peter Street 1,664 $15.00 $15.76 $30.76 $4,265.39
116 Spadina Avenue 2,132 $18.75 $10.40 $29.15 $5,178.98
119 Spadina Avenue 2,223 $18.75 $14.85 $33.60 $6,224.40
1207 King Street W 5,000 $20.00 $7.20 $27.20 $11,333.33
147 Spadina Avenue 1,690 $10.75 $14.75 $25.50 $3,591.25
171 East Liberty Street 4,500 $25.00 $9.13 $34.13 $12,798.75
179 John Street 3,752 $17.00 $16.81 $33.81 $10,571.26
19 Duncan Street 2,046 $18.50 $11.02 $29.52 $5,033.16
19 Mercer Street 2,499 $28.00 $28.00 $5,831.00
191 John Street 2,535 $32.00 $32.00 $6,760.00
200 Adelaide Street W 4,729 $22.00 $16.21 $38.21 $15,057.92
200 Front Street W 2,429 $18.00 $24.10 $42.10 $8,521.74
200 Front Street W 3,530 $18.00 $24.10 $42.10 $12,384.42
200 Wellington Street W 3,419 $15.00 $28.98 $43.98 $12,530.64
200 Wellington Street W 3,679 $15.00 $28.98 $43.98 $13,483.54
219 Dufferin Street 1,590 $17.25 $10.18 $27.43 $3,634.48
219 Dufferin Street 3,459 $18.25 $10.18 $28.43 $8,194.95
225 King Street W 3,498 $15.00 $27.79 $42.79 $12,473.29
23 Fraser Avenue 4,585 $12.00 $6.04 $18.04 $6,892.78
277 Front Street W 3,662 $15.00 $18.79 $33.79 $10,311.58
30-34 Duncan Street 4,131 $20.00 $8.81 $28.81 $9,917.84
310 Front Street W, Tower A 1,571 $17.00 $20.43 $37.43 $4,900.21
312 Adelaide Street W 4,199 $18.00 $12.44 $30.44 $10,651.46
317 Adelaide Street W 3,908 $29.00 $29.00 $9,444.33
317-325 Adelaide Street W 3,325 $29.00 $29.00 $8,035.42
33-35 Fraser Avenue 3,318 $15.75 $12.50 $28.25 $7,811.13
355 Adelaide Street W 2,191 $28.00 $3.00 $31.00 $5,660.08
370 King Street W 1,916 $15.00 $17.31 $32.31 $5,158.83
379 Queen Street W 4,660 $32.50 $32.50 $12,620.83
388 King Street W 2,084 $21.00 $21.00 $3,647.00
45 Camden Street 2,698 $30.00 $30.00 $6,745.00
457 Richmond Street W 1,943 $15.00 $6.50 $21.50 $3,481.21
49 Bathurst Street 2,500 $18.00 $8.30 $26.30 $5,479.17
49 Fraser Avenue 3,394 $18.50 $16.27 $34.77 $9,834.12
504 Wellington Street W 3,454 $18.00 $12.32 $30.32 $8,727.11
504 Wellington Street W 2,382 $18.00 $12.32 $30.32 $6,018.52
530 Richmond Street W 2,310 $30.00 $30.00 $5,775.00
543 Richmond Street W 1,944 $14.00 $9.95 $23.95 $3,879.90
543 Richmond Street W 2,297 $14.00 $9.95 $23.95 $4,584.43
543 Richmond Street W 3,589 $14.00 $9.95 $23.95 $7,163.05
555 Richmond Street W 2,650 $18.50 $11.95 $30.45 $6,724.38
555 Richmond Street W 1,572 $18.50 $11.95 $30.45 $3,988.95
579 Richmond Street W 2,232 $15.00 $11.05 $26.05 $4,845.30
720 King Street W 2,678 $16.00 $14.90 $30.90 $6,895.85
720 King Street W 2,300 $16.00 $14.90 $30.90 $5,922.50
860 Richmond Street W 4,251 $15.00 $12.62 $27.62 $9,784.39
901 King Street W 1,642 $21.50 $16.24 $37.74 $5,164.09
901 King Street W 3,220 $21.50 $16.24 $37.74 $10,126.90
99 Atlantic Avenue 2,400 $18.00 $12.31 $30.31 $6,062.00
99 Spadina Avenue 3,000 $10.00 $24.78 $34.78 $8,695.00

Toronto Real Estate News – April 2012

Commercial Real Estate News Toronto

Thousands of Federal Buildings Need Repair
Toronto Star
April 23 2012

The Rock Stars of Toronto’s Building Boom
Ottawa Citizen
April 23 2012

New CEO of BILD
Daily Commercial News
April 23 2012

You’ve Got a Target? We’re In!
Winnipeg Free Press
April 23 2012

The Week That US Industrial Took Centre Stage
CoStar Group
April 23 2012

US Clients View Canada as 51st State
Wall Street Journal
April 23 2012

Walmart Probe Could Cost Some Executives their Jobs
Reuters
April 23 2012

Sears Announces Closing of Transaction with Landlord
Canada News Wire
April 23 2012

Marriott Busy Updating Courtyards
Winnipeg Free Press
April 23 2012

Under The Radar Changes That May Burst the Housing Bubble
Macleans
April 23 2012

Land Dispute Threatens Olympic Golf Course
Globe and Mail
April 23 2012

New Plans for Century Park Throw Out Vancouver
Edmonton Journal
April 23 2012

Stage Set for Downtown Winnipeg Building
Winnipeg Free Press
April 21 2012

How Department Stores Can Stay Relevant
The Globe and Mail
April 21 2012

Experts Weigh In On GTA Transit
National Post
April 20 2012

Mattamy Homes Embraces New Urbanism
Toronto Star
April 20 2012

Ottawa Office Vacancies Expected to Rise
Ottawa Business Journal
April 20 2012

Can Sprawl Be Stopped In Ottawa
Ottawa Citizen
April 20 2012

Why a Toronto Casino is a Crapshoot
Toronto Star
April 20 2012

Downtown West Brick and Beam Toronto

carpet factory (2)
Please note the attached office space is not listed with OfficeSearchToronto.com but call us first at 416-643-3713 or email us here!

Address Available Space (sf) Asking Gross Rental Rate (psf) Asking Monthly Rate
1 Atlantic Avenue 2,205 $29.19 $5,363.66
1 Atlantic Avenue 1,722 $29.19 $4,188.77
111 Peter Street 3,742 $33.46 $10,433.94
116 Spadina Avenue 1,912 $27.65 $4,405.57
119 Spadina Avenue 1,804 $31.60 $4,750.53
129 Spadina Avenue 2,000 $33.00 $5,500.00
130 Spadina Avenue 3,765 $27.55 $8,643.81
147 Spadina Avenue 1,911 $24.65 $3,925.51
179 John Street 3,752 $31.91 $9,977.19
19 Duncan Street 2,534 $29.44 $6,216.75
20-30 Maud Street 1,624 $28.30 $3,829.93
214 King Street W 3,520 $36.49 $10,703.73
214 King Street W 2,679 $36.49 $8,146.39
214 King Street W 1,512 $36.49 $4,597.74
219 Dufferin Street 1,590 $24.93 $3,303.23
219 Dufferin Street 1,836 $24.93 $3,814.29
219 Dufferin Street 1,640 $28.93 $3,953.77
26 Soho Street 2,716 $30.40 $6,880.53
326 Adelaide Street W 3,047 $22.00 $5,586.17
33-35 Fraser Avenue 1,937 $27.55 $4,447.03
355 Adelaide Street W 2,191 $32.00 $5,842.67
487 Adelaide Street W 3,873 $28.87 $9,317.79
543 Richmond Street W 3,686 $23.95 $7,356.64
543 Richmond Street W 1,944 $23.95 $3,879.90
555 Richmond Street W 2,127 $26.25 $4,652.81
720 King Street W 2,500 $32.17 $6,702.08
99 Atlantic Avenue 2,400 $29.84 $5,968.00

Colliers Canada National Video 2012

Another kick butt video put together by my friends at Crucial Pictures – same group that did the video for Trend Hunter.

What do you think about creating video testimonials like these for your clients as a commercial real estate agent?  In today’s world it’s more than just about the “real estate transaction” – its about accelerating everyone’s success!

Other videos :
Pixel Carve Inc.
Solutia SDO

Yonge and St Clair Toronto – Office Space for Lease – March 2012

Toronto Commercial Real Estate

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

New listings at Yonge Street and St Clair.
New OfficeZilla Listings – St Clair Avenue

1 St Clair Ave East
2 St Clair Ave East
21 St Clair Ave East
22 St Clair Ave East
60 St Clair East
1 St Clair Ave West

Workplace of the Future?

The static nature of real estate combined with the dynamic nature of technology evolution is that dichotomy that we need to deal with in office design.

Technology is changing how we work. With profiles of new “Workplace of the Future” offices designed for the Burgess Group, United Way for Southeastern Michigan and its own location in Washington, DC, SmithGroupJJR explains that it’s open and team-based, giving a new balance between “I” spaces and “We” spaces. Importantly, organizations that adopt are finding it is fundamental to their future, allowing happier employees, reduced real estate costs and competitive advantage.

To search for your new office space in Toronto try OfficeZilla!

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