Office Submarket Dashboard: Yonge & Bloor SUBMARKET INDICATORS
MAP OF SUBMARKET
Average Asking Net Rent
Average Additional Rent
*Office Inventory: For the purpose of this report, buildings with less than 10,000 sf of office space and buildings owned and occupied by the government have not been included in the office inventory. There are 73 office buildings surveyed in this submarket.
AVAILABLE SUPPLY SPLIT Direct
Sublease as % of Total Available
AVAILABLE SPACE OPTIONS Number of units on the submarket by size brackets
4k - 10k sf
10k - 20k sf
20 - 50k sf
50k - 100k sf
100k sf +
# of units**
** Counting smallest divisible units in existing buildings and buildings which are under construction.
RECENT TRANSACTIONS Q3 2009
0 - 4k sf
TOP Office Lease Transactions by Size
GROSS RENT & AVAILABILITY BY BUILDING CLASS Avail. Office Space
Not Avail. Office Space
151 Bloor St W
TOP Office Sale Transactions by Price
No transactions took place during this period.
OCCUPIED SPACE BY MAJOR BUSINESS CATEGORIES
3,000,000 $20 $15
Gross Rent $/Sq. Ft.
$10 1,000,000 $5 $-
Class A Class B Class C Note: Not available office space (blue) and available office space (yellow) add up to the total inventory of office space in the respective building class.
Manufacturing & Distribution 6%
15 MONTH TREND Absorption
Asking Net Rent
TOP PROJECTS UNDER CONSTRUCTION BY SIZE
4.0% Q2 2008
No construction took place during this period. Vacancy Rate
Net Rent $/sf. / Absorption (10,000's)
Public Service & Private Sector Services 22%
Professional Services 20%
Data,Publishing, Broadcasting Services 20%
SUBMARKET CHARACTERISTICS * Largest Midtown office submarket in terms of total inventory and occupied space * Highest real estate costs on average in Midtown market but still less than the core * Multiple residential condominium developments will increase and diversify labour force * Limited parking, but great access to public transit and the northern part of the PATH system, Toronto's underground walkway * Proximity to multiple amenities add convenience for employees and customers * Submarket will benefit from the development of the Metrolinx transportation plan and MoveOntario 2020.
Source: Colliers International, Q3 2009 Information contained herein has been obtained from the owners or 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. All numbers reported use the most accurate information available at the time of publishing, however we acknowledge that there may be marginal changes over time as more accurate information becomes available.
Colliers Macaulay Nicolls (Ontario) Inc., Brokerage.