COLLIERS TORONTO ONE, OFFICE STATISTICS - Q1 2009 GTA North Buildings
Office
Vacant
Vacancy
Available
Sublet
Q1 2009 Availability
Q1 2008 Availability
Net Absorption
Net Absorption
Avg. Asking Net
Avg. Asking Gross
Net New Supply
Currently Under
Inventory
Space
Rate
Space
Availability
Rate
Rate
Q1 2009
12 Months
Rental Rates
Rental Rates
Q1 2009
Construction
102,154
0
0
0
10,365
0
0
0
91,789
0
0
0
March-09 Concentration
Class
Surveyed
GTA NORTH
A
43
7,358,054
421,780
5.7%
659,250
27.7%
9.0%
8.3%
(91,322)
341,902
$18.01
$35.66
TOTAL:
B
86
6,556,619
221,216
3.4%
299,340
10.4%
4.6%
3.9%
(6,827)
3,971
$13.72
$30.34
C
58
1,613,406
20,272
1.3%
47,965
0.0%
3.0%
3.5%
1,508
$9.39
$18.44
All
187
15,528,079
663,268
4.3%
1,006,554
21.3%
6.5%
5.9%
(97,749)
347,380
$16.14
$33.15
Dufferin/Finch
400
A
1
14,000
14,000
0.0%
14,000
0.0%
100.0%
0.0%
0
(14,000)
$0.00
$0.00
B
16
973,605
25,988
2.7%
44,028
36.2%
4.5%
6.5%
2,960
19,200
$8.64
$23.78
C
14
383,539
2,000
0.5%
17,700
0.0%
4.6%
6.7%
400
(400)
$8.21
$17.49
All
31
1,371,144
41,988
3.1%
75,728
21.0%
5.5%
6.5%
3,360
4,800
$8.61
$23.30
North Yonge
A
24
6,066,701
321,267
5.3%
537,925
0.0%
8.9%
7.1%
(117,262)
159,724
$17.73
$37.21
Corridor
B
26
2,545,907
153,086
6.0%
186,445
0.0%
7.3%
4.8%
(10,432)
(27,299)
$15.23
$32.89
C
16
294,061
1,680
0.6%
1,680
0.0%
0.6%
0.6%
0
(1,520)
$16.00
$33.00
All
66
8,906,669
476,033
5.3%
726,050
0.0%
8.2%
6.3%
(127,695)
130,905
$16.86
$35.71
A
2
369,705
-
0.0%
20,811
0.0%
5.6%
1.8%
(8,670)
2,132
$17.00
$29.00
B
7
230,118
8,940
3.9%
9,940
28.2%
4.3%
2.2%
(1,800)
(3,940)
$10.00
$20.11
C
2
40,000
-
0.0%
-
0.0%
0.0%
0.0%
0
0
$0.00
$0.00
All
11
639,823
8,940
1.4%
30,751
9.1%
4.8%
1.8%
(10,470)
(1,808)
$15.37
$26.92
A
15
716,867
65,400
9.1%
65,400
0.0%
9.1%
24.5%
34,610
184,524
$21.18
$32.93
B
26
1,520,040
14,802
1.0%
30,227
0.0%
2.0%
2.3%
(1,829)
15,666
$14.86
$24.82
C
14
475,996
10,192
2.1%
10,192
0.0%
2.1%
4.2%
0
2,928
$11.00
$18.50
All
55
2,712,903
90,394
3.3%
105,819
0.0%
3.9%
7.2%
32,781
203,117
$18.40
$29.22
Richmond Hill
Vaughan/Woodbridge
Keele Hwy 401/Yorkdale
A
1
190,781
21,114
11.1%
21,114
0.0%
11.1%
15.4%
0
9,522
$14.00
$24.95
B
11
1,286,949
18,400
1.4%
28,700
20.2%
2.2%
2.1%
4,275
343
$11.34
$31.91
C
12
419,810
6,400
1.5%
18,393
0.0%
4.4%
2.3%
0
500
$5.76
$15.06
All
24
1,897,540
45,914
2.4%
68,207
8.5%
3.6%
3.5%
4,275
10,365
$11.71
$27.38
Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice.