Toronto CommercialReal Estate
Market Update
Chris FyvieSales Representative
416.643.3713
Chris. [email protected]
@chris.fyvie - Twitter
Realty: Downtown vacancy rate @ 5.2% Financial Core vacancy rate @ 3.5%
Faltering demand Rising vacancy Downward pressure on rent Covenant of Rising Concern
In the News:
70% of the new A Class office space has been pre-leased and state-of-the-art buildings are in high demand
Realty: New A Class buildings in the
Financial Core will drive the market down
In the News:
4.7 million square feet – new inventory
70% pre-leased = 1.41 million square feet coming to market
Current vacancy 7.22 million= 10.5% vacancy
Inventory 68.83 million
Adding the new buildings and assuming a flat absorption rate
7.22 million + 1.41 million = 8.63%68.83 million + 4.70 million 73.53%
= 11.7% vacancy rate
MARKET CONFIDENCE AMONG LANDLORDS
NUMBERS ARE VERY SIMILAR TO THE LOW IN 1992
Marketing Sites - Enrich
Social Bookmarking - Remote
Classifieds - Advertising
Social Networks - Engage
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