Industrial Insight Report. Greater Toronto Area Q3 2016
|
|
- Brian Barrett
- 5 years ago
- Views:
Transcription
1 Industrial Insight Report Greater Toronto Area
2 Table of Contents Greater Toronto Area Overview 1 Greater Toronto Area Map 2 Submarkets GTA West 3 GTA North 5 GTA Central 7 GTA East 9 Statistics 11 Contacts 12 JLL Greater Toronto Area Industrial Insight
3 Pricing Demand Supply Market Update Greater Toronto Area Vacancy levels sink to record lows despite sustained speculative construction Lease activity Leasing activity in the Greater Toronto Area (GTA) accelerated in the third quarter with 4.2 million square feet of net, bringing the year to date total net close to 10 million square feet. There were 17 lease transactions greater than 100,000 square feet in the third quarter, almost double the number in the second quarter. Although the Milton / Halton Hills region in the GTA West has 4.3 million square feet of available recently completed or currently under construction, demand has yet to catch up with supply with only two significant lease transactions recorded in the quarter. The rapid pace of speculative development in this region has inflated vacancy and availability rates and should not be taken as a true indicator of this node s viability. Rents Currently at $6.11 per square foot, average net rental rates remain on the rise with the GTA West and North submarkets providing most of the thrust. Sales and Construction Market prices continue to increase across the GTA with 60 user sales recording a 4.9 percent increase over the previous quarter with an average price per square foot of $127. The 24 investment sales of the quarter reached price parity with user sales with an average price per square foot of $127, a 13.4 percent increase over the previous quarter, highlighting the difficulty of sourcing industrial investment opportunities in the GTA. Development activity remains strong across the GTA with 3,247,053 square feet of speculative and 2,478,665 square feet of build to suit construction activity underway. There is a further 5,305,339 square feet of planned speculative development on track to begin construction over the next two quarters. Economic outlook The Ontario provincial government is currently in the process of reviewing their Proposed Growth Plan for the Greater Golden Horseshoe, which is designed to intensify land use and will freeze development lands not currently in municipal official plans*. Although the final plan has not yet been released, it is clear that the plan will constrict an already extremely tight industrial land market and shift future development even more to in-fill redevelopment. Transportation and warehousing employment is set to rise by 10.0 percent across Ontario in and is forecast to rise over the longer term as well**. Manufacturing continues to face crosscurrents, although Canada s food manufacturing industry should reach record profits of $4.3 billion in ***. Key market indicators 12-month rent growth 2.3% Arrows represent change from prior quarter Net new supply, net, vacancy 5,000,000 4,000,000 vacancy 3,000,000 2,000,000 1,000,000 0 sf Average rental rate $6.20 $6.00 $5.80 $5.60 $5.40 Net new supply 2,257 Net RECENT SALES COMPARABLES (sorted by square feet) Buyer Seller Location Municipality Size Date Price / sf Stackpole International Panattoni 2400 & 2430 Royal Windsor Drive Mississauga 292, $90 OTT Capital Corporation Wrigley Canada Company 1123 Leslie Street North York 226, $ Ontario Inc Ontario Inc 165 Milner Avenue Scarborough 168, $99 RECENT LEASE COMPARABLES (sorted by square feet) Tenant Landlord Location Municipality Size Royal Light & Door Oxford Properties 91 Royal Group Crescent Vaughan 442,410 Royal Light & Door Oxford Properties 30 Royal Group Crescent Vaughan 289,697 Crosslinks Transit Solutions Orlando 1100 Caledonia Road North York 280,000 *Ontario Ministry of Municipal Affairs -- Shaping Land Use In The Greater Golden Horseshoe **Ontario Chamber of Commerce Ontario Economic Update *** Conference Board of Canada Canadian Industrial Outlook: Canada s Food Manufacturing Industry inventory 779,451,128 vacancy 2.2% availability 3.1% net 4,239,138 YTD net 9,900,514 Average rental rate (nnn) $ % 4.0% 3.0% 2.0% 1.0% 0.0% $6.11 JLL Greater Toronto Area Industrial Insight Page 1
4 Property Clock GTA North GTA West GTA Central Peaking market Rising market Falling market Bottoming market GTA East MARKET STATISTICS Property type Warehouse / Distribution inventory vacancy availability total net YTD total net Average net rent ($ psf) Under construction YTD 482,577, % 3.6% 3,842,459 8,396,311 $6.16 5,858, ,813 3,860,061 Manufacturing 216,790, % 2.1% 386,233 1,063,374 $ ,285 Industrial 777,722, % 3.1% 4,239,138 9,900,514 $6.11 5,858, ,813 4,007,344 JLL Greater Toronto Area Industrial Insight Page 2
5 Pricing Demand Supply GTA West Lease activity Leasing activity has surged heading into the fourth quarter with continued strong net and 11 leases greater than 100,000 square feet recorded in the third quarter. Milton, the site of sustained speculative construction, saw two leases in recently delivered buildings: GENCO leased 234,217 square feet at Triovest s 95 Market Drive, leaving 172,268 square feet available in the existing building, with construction of an additional 275,600 square foot expansion proposed to begin in Prologis leased out 70,402 square feet of 8449 Lawson Road to RockTenn and are reportedly in talks with a second tenant for the remaining 102,995 square feet. Rents While this region does contain some of the highest rent locations in the GTA including Brampton, Mississauga, and Oakville, the average asking rate is still inflated by the asking rents of recent speculative construction. There are 4.3 million square feet of available recently completed or under construction industrial buildings greater than 100,000 square feet in the GTA West with an average asking rate of $6.58 per square foot. Sales and Construction The largest sale of the quarter was the sale of 2400 & 2430 Royal Windsor Drive to the tenant Stackpole International from Panattoni for $26.25 million in September of this year, after Panattoni had purchased the building in March of for $19 million. There were 29 user sales with an average price per square foot of $124 and eight investor sales with an average price per square foot of $130. On the construction front there are currently 13 projects underway, nine on a speculative basis which represent 2.3 million square feet and four build-to-suit projects which represent 2.2 million square feet. There is a further 4.7 million square feet of planned development in the GTA West, of which 2.5 million square feet will be in Halton Hills and Caledon, including 672,224 square feet which will be added under the building expansion development charge exemption loophole. Economic outlook The GTA West region is set to continue as the focal point of industrial development and leasing activity in the GTA with developers and investors alike still hungry for land with a 3-5 year development horizon. Key market indicators 12-month dollar change 1.5% Arrows represent change from prior quarter Net new supply, net, vacancy 6,000,000 4,000,000 2,000,000 sf 0-2,000,000 Average rental rate $6.30 $6.20 $6.10 $6.00 $5.90 $5.80 $5.70 inventory 346,352,753 vacancy 2.9% availability 3.7% net 3,626,603 YTD net 6,700,581 Average rental rate (nnn) $6.23 Net new supply vacancy 2,257 Net RECENT SALES COMPARABLES (sorted by square feet) Buyer Seller Location Municipality Size Date Price / sf Stackpole International Panattoni Development Company 2400 & 2430 Royal Windsor Drive Mississauga 292, $90 East & West Inc Ontario Ltd. 255 Orenda Road Brampton 168, $51 Alphabet Self Storage GWL 7045 Millcreek Drive Mississauga 167, $94 RECENT LEASE COMPARABLES (sorted by square feet) Tenant Landlord Location Municipality Size SCI Logistics AMB Millcreek 6580 Millcreek Drive Mississauga 249,634 Genco Triovest 95 Market Drive Milton 234,217 Revlon KingSett Capital 1590 South Gateway Road Mississauga 195, % 4.0% 3.0% 2.0% 1.0% 0.0% $6.23 JLL Greater Toronto Area Industrial Insight Page 3
6 SUBMARKET CHARACTERISTICS Higher ratio of bulk distribution and warehousing space when compared to other GTA industrial markets 1 Home to Pearson International Airport and access to all major transportation arteries 2 CN Rail s proposed intermodal logistics hub is undergoing environmental review in Milton 3 Second largest population base in the GTA after the City of Toronto 4 SUBMARKET STATISTICS Property type inventory vacancy availability total net YTD total net Average net rent ($ psf) Under construction YTD Warehouse / Distribution 246,658, ,030,373 6,359,740 $6.27 4,493, ,213 2,622,750 Manufacturing 70,399, , ,044 $ Industrial 346,352, ,626,603 6,700,581 $6.23 4,493, ,213 2,622,750 JLL Greater Toronto Area Industrial Insight Page 4
7 Pricing Demand Supply GTA North Lease activity The GTA North vacancy rate is now at 1.7 percent, a year over year 120 basis point decrease. Net this quarter has been primarily of warehousing and distribution facilities in the Markham and Vaughan municipalities, while manufacturing facilities have seen the opposite trend with 341,125 square feet of negative net. There are currently 11 properties greater than 100,000 square feet available in this node, of which six are potential manufacturing buildings, with four available for sub-lease. Rents Beyond record low vacancy rates, the higher net rents in this node can be partially attributed to the larger proportion of small to mid-bay multi-tenant buildings which typically trade at a rental premium. Sales and Construction The largest sale in the GTA North was the Sun Life sale of Viceroy Road in Vaughan to developer Berkshire Axis for a total consideration of $18 million. Berkshire Axis plans to convert the three buildings into industrial condos starting in the second quarter of The GTA North region continues to record the highest average prices across the GTA with 11 user sales recording an average price per square foot of $149, and seven investment sales with an average price per square foot of $138. With eight speculative construction projects and one build-to-suit expansion underway, there is a total of 850,094 square feet of current construction underway of which 534,147 square feet are set to deliver by the end of. Of this total construction, 566,094 square feet are speculative developments which have a pre-leased rate of 57.6 percent, highlighting the tightness of the GTA North Market. Economic outlook The GTA North has 1.2 million residents and over 50,000 businesses, including 500 foreign companies, making it the second largest business hub in the province of Ontario after the City of Toronto*. Manufacturing currently employs 78,000 people in the region, primarily in niche value-add manufacturing areas. The manufacturing sector is decreasing as the region shifts to a more service based economy, with the key economic clusters in the region being ICT, Life Sciences, Clean Technology, Finance & Insurance, Construction, and Agri- Food**. Key market indicators 12-month dollar change 2.5% Arrows represent change from prior quarter Net new supply, net, vacancy 2,000,000 Net new supply Net 1,500,000 vacancy 1,000, ,000 sf 0-500,000 Average rental rate $8.00 $6.00 $4.00 $2.00 $0.00 inventory 163,058,963 vacancy 1.7% availability 2.8% net 348,171 YTD net 2,014,262 Average rental rate (nnn) $6.12 RECENT SALES COMPARABLES (sorted by square feet) Buyer Seller Location Municipality Size Date Price / sf OTT Capital Corporation Wrigley Canada Company 1123 Leslie Street North York 226, $153 2,257 Berkshire Axis Development Sun Life Viceroy Road Vaughan 152, $118 DH Property Group Investors Group 8551 Weston Road & 10 Westcreek Drive Vaughan 98, $159 RECENT LEASE COMPARABLES (sorted by square feet) Tenant Landlord Location Municipality Size Royal Light & Door Oxford Properties 91 Royal Group Crescent Vaughan 442,410 Royal Light & Door Oxford Properties 30 Royal Group Crescent Vaughan 289,697 Concore Harwin Developments 160 Royal Crest Court Markham 44, % 3.0% 2.0% 1.0% 0.0% $6.12 *York Region Information for Investors **York Region -- Economic Development Action Plan to 2019 JLL Greater Toronto Area Industrial Insight Page 5
8 SUBMARKET CHARACTERISTICS Higher ratio of Flex, R&D, and Manufacturing industrial product compared to other GTA industrial markets 1 The bulk of industrial buildings in this market are located in Vaughan, Richmond Hill, and Markham 2 Both CN Rail and CP Rail have intermodal yards located in Vaughan 3 Industrial development charges in this node are the highest in the GTA, with an average price of $25.55 persquare-foot 4 SUBMARKET STATISTICS Property type Warehouse / Distribution inventory vacancy availability total net YTD total net Average net rent ($ psf) Under construction YTD 99,234, ,192 1,539,113 $ ,094 95,600 1,004,046 Manufacturing 44,057, (341,925) (99,883) $ Industrial 163,058, ,171 2,014,262 $ ,094 95,600 1,004,046 JLL Greater Toronto Area Industrial Insight Page 6
9 Pricing Demand Supply GTA Central Lease activity The number of leasing transactions in this submarket increased by 3.8 percent year over year and by 29.5 percent quarter over quarter. However, the average lease size on a square foot basis decreased by 67.8 and 61.3 percent respectively over the same periods, reflecting decreasing size requirements in the region. Crosslinx Transit Solutions, the construction consortium that has partnered with Metrolinx and Infrastructure Ontario to deliver the Eglinton light rail project, accounted for the largest lease transaction in the quarter with 280,000 square feet of warehouse space in 1100 Caledonia Road, North York. Rents Rental rates vary significantly depending on the type and quality of the industrial facility in question, from lows of $3.25 per square foot for dated low clear height warehouse space to highs of $6.95 per square foot for new or newer distribution space. Food grade and public refrigerated warehouse facilities trade at a significant premium to this due to the limited supply and significant capital investments involved in these buildings. Sales and Construction There were nine market sales in each of the three major GTA Central municipalities, namely Etobicoke, North York, and Scarborough. Across the node as a whole there were 20 user sales with an average price per square foot of $119 and nine investment sales with an average price per square foot of $118. There are 467,549 square feet of industrial developments underway in the GTA Central submarket, 143,835 square feet of which is industrial condominium development. Although the vast majority of big box speculative development is in the GTA West, Prologis is bucking the trend with their Tapscott Industrial Business Park in Scarborough. The 46.6 percent pre-leased 1261 Tapscott Road project is set to deliver this December with construction of 1271 Tapscott Road set to complete in Economic outlook Despite the age and functional obsolescence of many of the industrial buildings in the GTA Central region, its strategic location, access to a vast labour pool, and the availability of public transit make this region highly attractive to many users. GTA Central is the second largest and the fastest growing food and beverage sector in North America with more that 1,100 food and beverage production establishments*. Key market indicators 12-month dollar change (0.34%) Arrows represent change from prior quarter Net new supply, net, vacancy 1,500,000 1,000, ,000 sf 0-500,000 Average rental rate $8.00 $6.00 $4.00 $2.00 $0.00 inventory 218,449,884 vacancy 1.5% availability 2.5% net 128,122 YTD net 396,105 Average rental rate (nnn) $5.95 Net new supply vacancy 2,257 Net RECENT SALES COMPARABLES (sorted by square feet) Buyer Seller Location Municipality Size Date Price / sf Ontario Inc Ontario Inc 165 Milner Avenue Scarborough 168, $99 Maxxmar Window Fashions Maple Leaf Foods 150 Bartor Road Toronto 100, $60 33 Commander Holding Inc. Matt Properties Ltd. 33 Commander Boulevard Scarborough 99, $71 RECENT LEASE COMPARABLES (sorted by square feet) Tenant Landlord Location Municipality Size Crosslinks Transit Solutions Herefordshire Capital Corporation 1100 Caledonia Road North York 280,000 PCL Construction Ontario Inc 161 The West Mall Etobicoke 78,087 Lock Up Props Inc Davpart Inc 50 Akron Road Unit A Etobicoke 40, % 3.0% 2.0% 1.0% 0.0% $5.95 * Labour Force Survey 2013 JLL Greater Toronto Area Industrial Insight Page 7
10 SUBMARKET CHARACTERISTICS Older industrial inventory with lower clear heights and constrained shipping yards 1 The majority of industrial product is concentrated in Etobicoke and Scarborough 2 Higher ratio of small and midsized manufacturing 3 Vast labour pool and public transit amenities 4 SUBMARKET STATISTICS Property type Warehouse / Distribution inventory vacancy availability total net YTD total net Average net rent ($ psf) Under construction YTD 114,835, (91,098) (12,313) $ ,549-20,779 Manufacturing 78,204, , ,418 $ ,283 Industrial 218,449, , ,105 $ , ,062 JLL Greater Toronto Area Industrial Insight Page 8
11 Pricing Demand Supply GTA East Lease activity Leasing activity picked up speed in the third quarter with 477,181 square feet of lease transactions, a percent increase over the previous quarter and a 20.0 percent increase compared with the same quarter last year. While this increase is in line with a general increase of leasing activity across the GTA, the GTA East submarket remains characterized by relatively small lease sizes, with only nine of the 33 lease transactions recorded this quarter greater than 10,000 square feet. The largest lease transaction in this node for the quarter was Inteva Corporation, expanding by 163,761 square feet in their existing space at 1555 Wentworth Street in Whitby, to lease the remainder of the space in the building. Rents Average asking rental rates in this node are the lowest across the GTA and have a tendency to fluctuate due to the small inventory of the market. Rental rate growth in this node is forecasted to remain limited heading into 2017 as low vacancy rates in this node can be attributed to lack of industrial inventory and new speculative construction rather than to demand. Sales and Construction There were only two market sales in the GTA East in the third quarter, both of which were in Ajax. Both buildings are manufacturing facilities built prior to 1990 that were sold vacant to users. The only industrial construction in the GTA East are Dancor s two industrial condominium buildings at 2055 Forbes Drive totaling 46,582 square feet. The second building is 80.0 percent complete with only one unit still available and construction has just begun on the third building which is completely pre-leased. Economic outlook Key sectors in the GTA East region are Energy, Transportation & Automotive Manufacturing, and BioScience & Agriculture. While the GTA East region provides 30.0 percent of energy generation for the province of Ontario, this sector is unlikely to grow as electricity demand growth for the province is predicted to be effectively flat over the next decade*. With General Motors Canada s commitment to maintain 16.0 percent of its North American production in Canada expiring this year and their Oshawa plant facing an uncertain future with no product slated for it beyond 2019, the Automotive Manufacturing sector in the GTA East looks set to contract**. Key market indicators 12-month dollar change 2.2% Arrows represent change from prior quarter Net new supply, net, vacancy 800,000 Net new supply Net 600,000 vacancy 400, ,000 sf 0-200,000 Average rental rate $6.00 $4.00 $2.00 $0.00 inventory 51,525,692 vacancy 2.4% availability 3.2% net 100,152 YTD net 789,566 Average rental rate (nnn) $5.10 2, % 6.0% 4.0% 2.0% 0.0% $5.10 RECENT SALES COMPARABLES (sorted by square feet) Buyer Seller Location Municipality Size Date Price / sf Material Handling Systems of Durapaint Industries 432 Monarch Avenue Ajax 34, $94 Canada Pristine Property Management Ltd Atlas Tag Company of Canada 381 Westney Road South Ajax 8, $158 RECENT LEASE COMPARABLES (sorted by square feet) Type Landlord Location Municipality Size Expansion in Place Crawmet Corporation 1555 Wentworth Street Whitby 153,761 New Lease KingSett Capital 1635 Tricont Avenue Whitby 44,200 New Lease Morguard 1845 Clements Road Pickering 39,440 * IESO Ontario Supply/Demand Balance to 2035 ** Financial Post What does the future hold for GM s Oshawa plant? JLL Greater Toronto Area Industrial Insight Page 9
12 SUBMARKET CHARACTERISTICS Low velocity market for both lease and sale activity 1 Majority of industrial product is located within ten kilometers North and South of Highway Smallest submarket in the GTA by industrial inventory 3 Industrial development charges in this node are the lowest in the GTA, with an average price of $13.88 persquare-foot 4 SUBMARKET STATISTICS Property type Warehouse / Distribution inventory vacancy availability total net YTD total net Average net rent ($ psf) Under construction YTD 21,849, , ,771 $ , ,486 Manufacturing 24,128, , ,795 $ Industrial 51,525, , ,566 $ , ,486 JLL Greater Toronto Area Industrial Insight Page 10
13 Greater Toronto Area Industrial Statistics Property type inventory vacancy availability total net YTD total net Average direct asking rent ($ psf) Under construction YTD Brampton Warehouse / Distribution 69,842, ,807,308 3,152,466 $ , ,840 Manufacturing 19,422, , ,407 $ Industrial 92,094, ,066,061 3,594,017 $ , ,840 Burlington Warehouse / Distribution 15,682, , ,935 $ ,749 Manufacturing 3,531, ,673 (74,625) $ Industrial 23,736, ,861 8,676 $ ,749 Etobicoke Warehouse / Distribution 30,416, , ,563 $ Manufacturing 31,547, (447,061) (220,516) $ Industrial 65,416, (398,040) 151,396 $ Milton / Halton Hills Warehouse / Distribution 20,371, , ,409 $6.59 1,851, ,213 2,296,499 Manufacturing 3,297, , , Industrial 24,243, , ,010 $6.59 1,851, ,213 2,296,499 Mississauga Warehouse / Distribution 116,088, ,544 1,798,601 $ , Manufacturing 34,668, ,446 (82,565) $ Industrial 170,019, ,267 1,716,036 $ , Oakville Warehouse / Distribution 15,591, (47,380) (17,601) $ Manufacturing 5,956, ,089 (40,677) $ Industrial 23,690, (75,621) (71,072) $ Vaughan Warehouse / Distribution 60,741, ,509 1,222,933 $ ,099 45, ,946 Manufacturing 24,549, (200,784) 391,240 $ Industrial 94,892, ,302 1,614,173 $ ,099 45, ,946 GTA West Warehouse / Distribution 246,658, ,030,373 6,359,740 $6.27 4,493, ,213 2,622,750 Manufacturing 70,399, , ,044 $ Industrial 346,352, ,626,603 6,700,581 $6.23 4,493, ,213 2,622,750 GTA North Warehouse / Distribution 99,234, ,192 1,539,113 $ ,094 95,600 1,004,046 Manufacturing 44,057, (341,925) (99,883) $ Industrial 163,058, ,171 2,014,262 $ ,094 95,600 1,004,046 GTA Central Warehouse / Distribution 114,835, (91,098) (12,313) $ ,549-20,779 Manufacturing 78,204, , ,418 $ ,283 Industrial 218,449, , ,105 $ , ,062 GTA East Warehouse / Distribution 21,849, , ,771 $ , ,486 Manufacturing 24,128, , ,795 $ Industrial 51,525, , ,566 $ , ,486 JLL Greater Toronto Area Industrial Insight Page 11
14 About JLL JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit About JLL Research JLL s research team delivers intelligence, analysis, and insight through market-leading reports and services that illuminate today s commercial real estate dynamics and identify tomorrow s challenges and opportunities. Our 415 professional researchers track and analyze economic and property trends and forecast future conditions in over 75 countries, producing unrivalled local and global perspectives. Our research and expertise, fueled by real-time information and innovative thinking around the world, creates a competitive advantage for our clients and drives successful strategies and optimal real estate decisions. For further information, visit Office locations: TORONTO 199 Bay Street, Suite 4610 Toronto, ON M5L 1G3 Tel: Fax: TORONTO NORTH 251 Consumers Road, Suite 900 Toronto, ON M2J 4R3 Tel: Fax: MISSISSAUGA 110 Matheson Blvd W, Suite 107 Mississauga, ON L5R 4G7 Tel Fax MONTRÉAL 1, Place Ville Marie, Suite 3838 Montréal, QC H3B 4M6 Tel Fax OTTAWA 275 Slater Street, Suite 1004 Ottawa, ON K1P 5H9 Tel Fax EDMONTON Street NW, Suite 502 Edmonton, AB T5J 3G1 Tel Fax CALGARY 301-8th Avenue SW, Suite 500 Calgary, AB T2P 1C5 Tel Fax VANCOUVER 355 Burrard Street, 14 th Floor Vancouver, BC V6C 2G6 Tel Fax For more information, please contact: Thomas Forr Research Manager thomas.forr@am.jll.com Eric Sweeney Associate eric.sweeney@am.jll.com Ben Wedge Industrial Research Coordinator ben.wedge@am.jll.com Jones Lang LaSalle IP, Inc. All rights reserved. No part of this publication may be reproduced by any means, whether graphically, electronically, mechanically or otherwise howsoever, including without limitation photocopying and recording on magnetic tape, or included in any information store and/or retrieval system without prior written permission of Jones Lang LaSalle. The information contained in this document has been compiled from sources believed to be reliable. Jones Lang LaSalle or any of their affiliates accept no liability or responsibility for the accuracy or completeness of the information contained herein and no reliance should be placed on the information contained in this document. *Sales Representative
Industrial Insight Report. Calgary & Area Q4 2016
Industrial Insight Report Calgary & Area Q4 2016 Table of Contents Calgary & Area Overview 1 Calgary & Area Map 2 Submarkets Northeast & Balzac 3 Southeast 4 South Central 5 Contacts 6 Pricing Demand Supply
More informationIndustrial Insight Report. Greater Edmonton Area Q1 2016
Industrial Insight Report Greater Edmonton Area Table of Contents Greater Edmonton Area Overview 1 Greater Edmonton Area Map 2 Submarkets Northwest 3 Southeast 4 Nisku / Leduc 5 Statistics 6 Contacts 7
More informationIndustrial Insight Report. Greater Toronto Area Q4 2017
Industrial Insight Report Greater Toronto Area Q4 2017 Table of Contents Greater Toronto Area Overview 1 Submarkets GTA West 2 GTA North 3 GTA Central 4 GTA East 5 Contacts 6 2 Greater Toronto Area Despite
More informationIndustrial Insight Report. Calgary & Area Q2 2016
Industrial Insight Report Calgary & Area Q2 2016 Table of Contents Calgary & Area Overview 1 Calgary & Area Map 2 Submarkets Northeast & Balzac 3 Southeast 4 South Central 5 Contacts 6 Pricing Demand Supply
More informationGreater Toronto Area Industrial Market Report
1 ST QUARTER 16 Greater Toronto Area Industrial Report Partnership. Performance. Overview The record-setting momentum felt through 15 in the Greater Toronto Area (GTA) industrial market showed signs of
More informationIndustrial Insight Report. Calgary & Area Q1 2016
Industrial Insight Report Calgary & Area Q1 2016 Table of Contents Calgary & Area Overview 1 Calgary & Area Map 2 Submarkets Northeast / Balzac 3 Southeast 4 South Central 5 Contacts 6 Pricing Demand Supply
More informationIndustrial Insight Report. Metro Vancouver Q1 2016
Industrial Insight Report Metro Vancouver Q1 2016 Table of Contents Metro Vancouver Overview 1 Metro Vancouver Area Map 2 Submarkets Burnaby 3 Delta 4 Richmond 5 Surrey 6 Statistics 7 Contacts 8 Pricing
More informationFertile Ground for Canada s Marijuana Industry
Canadian CRE Fertile Ground for Canada s Marijuana Industry Page 1 While the United States is grappling with the complexities of marijuana legislation and sales across some states, the marijuana wave is
More informationIndustrial Insight Report. Greater Toronto Area Q2 2016
Industrial Insight Report Greater Toronto Area Table of Contents Greater Toronto Area Overview 1 Greater Toronto Area Map 2 Submarkets Brampton 3 Burlington 6 Etobicoke 8 Milton / Halton Hills 10 Mississauga
More informationFirst Quarter 2017 / Industrial Market Report. Market Overview
Greater Toronto Area Market Facts 3.4% Availability rate in the Greater Toronto Area vs vacancy rate of 2.2% $6.53 PSF Average asking net rent in the Greater Toronto Area 18 Number of properties in the
More informationGreater Toronto Area Industrial Market Report
3 RD QUARTER 15 Greater Toronto Area Industrial Report Partnership. Performance. Overview With the end of the third quarter, 15 is shaping up to be an incredible year for the Greater Toronto Area (GTA)
More informationIndustrial Outlook. An in-depth look at the Louisville industrial market. Analysis includes leasing, sales, construction and employment.
Industrial Outlook Louisville An in-depth look at the Louisville industrial market. Analysis includes leasing, sales, construction and employment. JLL Research Insight Industrial market quick out of the
More informationDemand for smaller, more secondary assets on the rise amid the recent scarcity of large warehouse space
MARKETVIEW Toronto Industrial, Q3 2015 Demand for smaller, more secondary assets on the rise amid the recent scarcity of large warehouse space New Supply 3.0 million sq. ft. Under Construction 8.7 million
More informationFirst Quarter 2018 / Industrial Market Report. Market Overview
Greater Toronto Area Market Facts 2.5% Availability rate in the Greater Toronto Area $7.04 psf Average asking net rent in the Greater Toronto Area 19 Number of properties in the Greater Toronto Area with
More informationMonthly Market Update
Monthly Market Update December 2015 New York City Office Outlook February 2016 M A N H A T T A N Class A Asking Rents M A N H A T T A N Class A Vacancy Rates $100.00 Jan-14 Jan-15 Jan-16 20.0% Jan-14 Jan-15
More informationThird Quarter 2017 / Industrial Market Report. Market Overview
Greater Toronto Area Market Facts 2.7% Availability rate in the Greater Toronto Area $6.63 psf Average asking net rent in the Greater Toronto Area 18 Number of properties in the Greater Toronto Area with
More informationMonthly Market Update
Monthly Market Update December 2015 New York City Office Outlook June 2016 M A N H A T T A N Class A Asking Rents M A N H A T T A N Class A Vacancy Rates $100.00 May-14 May-15 May-16 20.0% May-14 May-15
More informationE-commerce. E-commerce in the Bay Area. United States Year End How consumer demand for expedited deliveries is driving real estate
1 E-commerce in the Bay Area United States Year End 2016 How consumer demand for expedited deliveries is driving real estate 2 Last-mile delivery and a new era for industrial Introduction real estate Adjusting
More informationLeasing activity remains strong through February; Downtown off to best start in years 10.0% 5.0%
Office March 2017 New York Monthly Market Update Leasing activity remains strong through February; Downtown off to best start in years Manhattan Class A Asking Rents Manhattan Class A Vacancy Rents $100.00
More informationStrong year continues with high-profile leasing; rents remain flat as new and returning space looms 10.0% 5.0%
$ PSF Office May 2017 New York Monthly Market Update Strong year continues with high-profile leasing; rents remain flat as new and returning space looms Manhattan Class A asking rents Manhattan Class A
More informationMultifamily Outlook 2018
Multifamily Outlook 2018 Page 1 Canada Multifamily From strength to strength The Canadian commercial real estate sector continues its steady upward performance amid a silently moving economic engine. Owners,
More informationFourth Quarter 2017 / Industrial Market Report. Market Overview
Greater Toronto Area Market Facts 2.6% Availability rate in the Greater Toronto Area $6.69 psf Average asking net rent in the Greater Toronto Area 14 Number of properties in the Greater Toronto Area with
More informationSecond Quarter 2018 / Industrial Market Report. Market Overview
Greater Toronto Area Market Facts 2.1% Availability rate in the Greater Toronto Area $7.20 psf Average asking net rent in the Greater Toronto Area 18 Number of properties in the Greater Toronto Area with
More informationHow Does the City Grow?
This bulletin summarizes information from the City of Toronto s Land Use Information System II, providing an overview of the development projects received by the City Planning Division between January
More informationGreater Toronto Area, ON
Greater Toronto Area, ON Office Q1 218 GREATER TORONTO AREA OFFICE Economic Indicators Q1 17 Q1 18 GTA Employment 3.2 mil 3.4 mil GTA Unemployment 7.1% 5.8% Canada Unemployment 6.7% 5.8% Source: Statistics
More informationInvestment Insights. Montréal Q3-2014
Investment Insights Montréal Q3-2014 Multi-residential The multi-residential market saw a considerable increase in sales volume in comparison to last quarter, with approximately $344 million in sales for
More informationMonthly Market Update
Monthly Market Update December 2015 New York City Office Outlook August 2016 M A N H A T T A N Class A Asking Rents M A N H A T T A N Class A Vacancy Rates $100.00 Jul-14 Jul-15 Jul-16 20.0% Jul-14 Jul-15
More informationStrong Price Growth Continues in Condo Segment
Condo Market Report First Quarter Economic Indicators Real GDP Growth Q4 7.7% Strong Price Growth Continues in Condo Segment TORONTO, ONTARIO, April, President Tim Syrianos announced that the average selling
More informationToronto Central strengthens its position as market with lowest office vacancy in North America
MARKETVIEW Toronto Office MarketView, Q3 2016 Toronto Central strengthens its position as market with lowest office vacancy in North America GTA Vacancy Rate 9.1% GTA Asking Net Rental Rate $17.72 PSF
More informationDurham region has seen minimal construction activity when compared to the rest of the 905 area.
The four 95 regions making up the 95 area of the Greater Toronto Area (GTA) continued to monopolize the new industrial building market in 215, accounting for 98% of the 5.4 million sq. ft. of industrial
More information2018 Greater Toronto Area Economic Outlook
2018 Greater Toronto Area Economic Outlook 1 HIGHLIGHTS Although the Canadian economy performed exceptionally well in the first half of, posting GDP growth of approximately 4.0%, it has slowed since then
More informationStrong Q4 Condo Apartment Sales and Price Growth
Condo Market Report Fourth Quarter 2013 Economic Indicators Real GDP Growth i Q3 2013 t 2.7% Toronto Employment Growth ii December 2013 t 1.7% Toronto Unemployment Rate December 2013 t 8.4% Inflation (Yr./Yr.
More informationTREB Releases Q Condo Market Statistics
Condo Market Report Fourth Quarter 8 Economic Indicators Real GDP Growth Q 8.% Toronto Employment Growth December 8.% Toronto Unemployment Rate December 8 6.% Inflation (Yr./Yr. CPI Growth) December 8.%
More information>> Asking Rents Increase As Space Remains Limited
Research & Forecast Report MID-COUNTIES INDUSTRIAL Accelerating success. >> Asking Rents Increase As Space Remains Limited Key Takeaways > Average asking rents increased $0.02 Per Square Foot (P) Triple
More informationNew condominium apartment listings were also down on a year-over-year basis by 10 per cent to 9,845 in Q compared to 10,967 in Q
Condo Market Report Third Quarter Economic Indicators Real GDP Growth Q2.5% Condo Market Conditions Remain Tight in Q TORONTO, ONTARIO, October 2, President Tim Syrianos reported continued average price
More informationMultifamily Outlook 1H Page 1
Multifamily Outlook Page 1 Table of Contents Overview 3 Toronto 4 Montreal 8 Vancouver 12 Calgary 16 Edmonton 20 2 Page 2 Canada Multifamily Capital Markets Insight Rising from strength to strength Overview
More informationHomestretch: Office Market Set to Finish Strong
Research & Forecast Report RENO OFFICE Q3 2016 Homestretch: Office Market Set to Finish Strong >> Vacancy drops significantly the largest drop quarter over quarter in 2016 >> Rental rates are not increasing
More informationOntario Street East, Montréal
For Sale or for Lease Newly renovated commercial property in the heart of HOMA s popular Promenade Ontario For more information, please contact Mark Sinnett Executive Vice President - Capital Markets Real
More informationLocation-Efficient Choices for GTA Homebuyers A policy supplement to Priced Out
Photo: Queen Street by Ian Freimuth, Flickr CC Location-Efficient Choices for GTA Homebuyers A policy supplement to Priced Out Housing prices have been rising in the Greater Toronto Area in large part
More informationOffice Market Continues to Improve
Research & Forecast Report LAS VEGAS OFFICE Q3 2016 Office Market Continues to Improve > > Southern Nevada s office market is improving at a steady rate > > Net absorption has been positive in twelve of
More informationMULTIFAMILY MARKET REPORT GREATER TORONTO AREA FALL 2017
MULTIFAMILY MARKET REPORT GREATER TORONTO AREA FALL 2017 Table of Contents 1.0 Demand Indicators 2.0 Economic Snapshot 3.0 Multifamily Housing Market Summary 4.0 Rental Market Summary 5.0 Secondary Rental
More informationAverage Condo Price Continues to Climb in Q2 '18
TREB Member Inquiries: Condo Market Report (4) 443- Media/Public Inquiries: Second Quarter Economic Indicators Real GDP Growth Q.3% Toronto Employment Growth June May Bank of Canada Overnight Rate June
More informationManhattan leasing activity down but not out
DECEMBER 2015 a JLL retail research point of view Manhattan leasing activity down but not out It s a safe bet that most of the 56.4 million visitors to New York City last year did some shopping. They come
More informationChicago s industrial market thrives during the third quarter.
CHICAGO INDUSTRIAL MARKET MONITOR THIRD QUARTER 2015 Chicago s industrial market thrives during the third quarter. Demand across the Chicago industrial market remains high sending absorption up and vacancy
More information>> Vacancy Falls To Lowest Rate Ever
Research & Forecast Report San Gabriel VALLEY INDUSTRIAL Accelerating success. >> Vacancy Falls To Lowest Rate Ever Key Takeaways Market Indicators Relative to prior period Forecast Construction Rental
More informationGreater Toronto Area, ON
Greater Toronto Area, ON Office Q2 217 GREATER TORONTO AREA OFFICE Economic Indicators Q2 16 Q2 17 GTA Employment 3.2 mil 3.3 mil GTA Unemployment 7.6% 6.9% Canada Unemployment 6.9% 6.6% Source: Statistics
More information>> Negative Net Absorption Despite Completions
Research & Forecast Report MID-COUNTIES INDUSTRIAL Accelerating success. >> Negative Net Absorption Despite Completions Key Takeaways > This quarter, 542,000 square feet of industrial space finished construction,
More informationNashville the #5 Market to Watch in 2019
Research & Forecast Report NASHVILLE INDUSTRIAL 4 th Quarter Nashville the #5 Market to Watch in 2019 Industrial Market The industrial real estate sector is currently undergoing one of the greatest expansionary
More informationOrange County Industrial Continues Positive Momentum
INDUSTRIAL ORANGE COUNTY MARKET REPORT Orange County Industrial Continues Positive Momentum MARKET INDICATORS - VACANCY 2.9% AVAILABILTY 5.2% NET ABSORPTION 394,960 SF CONSTRUCTION 676,700 SF RENTAL RATE
More informationPURE INDUSTRIAL REAL ESTATE TRUST ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED ACQUISITIONS AND OTHER INVESTMENT ACTIVITIES
ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED ACQUISITIONS AND OTHER INVESTMENT ACTIVITIES Vancouver, BC August 21, 2017: Pure Industrial Real Estate Trust (TSX: AAR.UN) (the Trust ) announced today the following
More informationental Market report Apartment vacancy rate almost unchanged in 2004 St.Catharines-Niagara Vacancy rate falls in larger centers IN THIS ISSUE
r ental Market report St.Catharines-Niagara Canada Mortgage and Housing Corporation Apartment vacancy rate almost unchanged in 2004 The vacancy rate in the St. Catharines-Niagara Census Metropolitan (CMA)
More informationMonthly Market Snapshot
SEPTEMBER 2018 Vacancy continues to fall. Nearing the end of the third quarter, the vacancy rate dropped 10 basis points to 6.4%, compared to this time last month at 6.5%. Occupancy of the 1.1 million
More informationMARKET WATCH SOUTHERN CALIFORNIA & PHOENIX
SOUTHERN CALIFORNIA & PHOENIX COMMERCIAL REAL ESTATE MARKET FOURTH QUARTER 217 MARKET WATCH SOUTHERN CALIFORNIA & PHOENIX 1.888.659.DAUM WWW.DAUMCOMMERCIAL.COM D/AQ Corp. # 1129558 DAUM TABLE OF CONTENTS
More informationIndustrial Market Review
Q1 2012 industrial Stockton San JoAquin County, California research & forecast Report Industrial Market Review Momentum built-up from 2011 carried the industrial market into its fifth consecutive quarter
More informationIndustrial Insight. Industrial Overview. Greater Montréal Area Q Economy. Quarter in review (Leasing market)
Industrial Insight Greater Montréal Area Q4 Industrial Overview Economy Overall growth in the province remained flat in the fourth quarter of, however economic activity has seen signs of improvements and
More informationSolid Fundamentals Keep Nashville Industrial Market Competitive in 1Q
Research & Forecast Report NASHVILLE INDUSTRIAL 1st Quarter Solid Fundamentals Keep Nashville Industrial Market Competitive in 1Q 1Q Summary >> Nashville s industrial vacancy rate increased slightly in
More informationThe Canadian Real Estate Association News Release
The Canadian Real Estate Association News Release Canadian home sales improve slightly in March Ottawa, ON, April 13, 2018 Statistics 1 released today by The Canadian Real Estate Association (CREA) show
More informationPittsburgh Renovations Report
Pittsburgh Renovations Report Renovations Annual Report 2018 Renovations underway at 420 Boulevard of the Allies (the former Art Institute building) include all-new tenant amenities such as a fitness center
More informationReal Estate Market Analysis
One of the challenges facing the West Berkeley shuttle is to consider whether to expand the service beyond the current operations serving major employers, to a system that provides access to a more diverse
More informationINDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS. Current Quarter. Direct Vacancy 2.
ORANGE COUNTY INDUSTRIAL SECOND QUARTER 218 QUICK STATS Direct Vacancy 2.2% Overall Vacancy 2.5% Lease Rate NNN $.95 Gross Absorption Under Construction MARKET TRENDS Current Quarter 2,956,71 SF 1,367,18
More informationStrong Industry and Robust Development Benefit Industrial Market at Mid-Year 2016
Research & Forecast Report NASHVILLE INDUSTRIAL 2nd Quarter 2016 Strong Industry and Robust Development Benefit Industrial Market at Mid-Year 2016 2Q 2016 Summary > > The tightening market coupled with
More informationDoane Rd. 2nd Concession Rd. Good Shepherd Catholic Elementary School. Holland Landing Public School Rogers Reservoir Conservation Area
N Holland Landing Prairie Provincial Nature Reserve Holland Landing Conservation Area Doane Rd Leslie St Farmer Jack's Woodbine Ave Hwy 404 Yonge St Christ Church Holland Landing 2nd Concession Rd The
More informationGrowth in Condo Apartment Sales Continues in Q1
First Quarter 2015 Economic Indicators Real GDP Growth i Q4 2014 t 2.4% Toronto Employment Growth ii March 2015 u 0.4% Toronto Unemployment Rate March 2015 u 7.3% Inflation (Yr./Yr. CPI Growth) ii February
More informationRental Transactions and Listed Units Up in Q4 2013
Rental Market Report Fourth Quarter 2013 Economic Indicators Real GDP Growth Q3 2013 t 2.7% Toronto Employment Growth ii December 2013 t 1.7% Toronto Unemployment Rate December 2013 t 8.4% Inflation (Yr./Yr.
More informationStrong Marketwide Leasing Activity Points To A Strong Finish for Tri-Cities
OFFICE TRI-CITIES MARKET REPORT Strong Marketwide Leasing Activity Points To A Strong Finish for Tri-Cities MARKET OVERVIEW MARKET INDICATORS - VACANCY 14.9% NET ABSORPTION 254,6 CONSTRUCTION 113,8 RENTAL
More informationStronger Office Market Looking Into Future
Research & Forecast Report Long Island OFFICE MARKET Q2 2015 Stronger Office Market Looking Into Future Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B Long Island economic and
More informationHas The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2.
Research & Forecast Report OAKLAND METROPOLITAN AREA OFFICE Q1 Has The Office Market Reached A Peak? > > Vacancy remained low at 5. > > Net Absorption was positive 8,399 in the first quarter > > Gross
More informationColumbus MARKETBEAT. Office Q2 2017
COLUMBUS OFFICE Economic Indicators Market Indicators Q2 16 Q2 17 Unemployment 4.0% 3.9% Ohio Unemployment 5.0% 5.0% U.S. Unemployment 4.9% 4.4% Q2 16 Q2 17 Overall Vacancy 13.3% 13.4% 212K -80K Construction
More informationRental Transactions and Average Rents Up in Q3
Third Quarter 2013 Economic Indicators Real GDP Growth Q2 2013 t 1.7% Toronto Employment Growth ii September 2013 t 4.2% Toronto Unemployment Rate September 2013 t 7.9% Inflation (Yr./Yr. CPI Growth) August
More informationLONG-TERM CONFIDENCE TRUMPS SLOWER DEMAND AS COMMERCIAL REAL ESTATE CONSTRUCTION RAMPS UP
For Immediate Release LONG-TERM CONFIDENCE TRUMPS SLOWER DEMAND AS COMMERCIAL REAL ESTATE CONSTRUCTION RAMPS UP First quarter office and industrial leasing activity slows while construction activity rises
More informationINDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS
ORANGE COUNTY INDUSTRIAL FOURTH QUARTER 217 QUICK STATS Direct Vacancy 2.3% Overall Vacancy 2.7% Lease Rate NNN $.91 Gross Absorption Under Construction MARKET TRENDS Current Quarter 4,283,991 SF 963,138
More informationGreater Toronto Area, ON
Greater Toronto Area, ON Office Q4 217 1, 8 6 4 2 Economic Indicators Market Indicators (Overall, All Classes) Overall Net /Overall Asking Rent 4Q TRAILING AVERAGE -2-4 GREATER TORONTO AREA OFFICE Overall
More information4,963 SF. 85 Prologis Boulevard LAST REMAINING UNIT. Building Highlights. Building Information Total Space. Basic Rent Basic Rent
4,963 SF LAST REMAINING UNIT Building Highlights Single storey flex office Approximately 1.4% common area gross up factor Mississauga Gateway Centre consists of approximately 35 acres of land, 7 buildings,
More informationThe Canadian Real Estate Association News Release
The Canadian Real Estate Association News Release Canadian home sales edge up in September Ottawa, ON, October 14, 2016 According to statistics 1 released today by The Canadian Real Estate Association
More informationVacancy Rates Hit All-Time Low in Northern Nevada
Research & Forecast Report RENO INDUSTRIAL Q3 2018 Vacancy Rates Hit All-Time Low in Northern Nevada > > Vacancy is at an all-time low for the market at 4.86% > > A strong quarter for gross and net absorption
More informationQ Cape Town Office Market Report. In association with Baker Street Properties
Cape Town Office Market Report 217 set for rental growth as economy improves, but the city continues to struggle to cater to large occupiers Q4 216 In association with Baker Street Properties 1 Central
More informationHamilton CMA apartment vacancy rate rises in 2002
HamiltonCMA Canada Mortgage and Housing Corporation apartment vacancy rate rises in 2002 In 2002, the private apartment vacancy rate in the Hamilton Census Metropolitan (CMA) rose to 1.6 percent from 1.3
More informationThe Canadian Real Estate Association News Release
The Canadian Real Estate Association News Release Canadian home sales fall further in February Ottawa, ON, March 15, 2018 Statistics 1 released today by The Canadian Real Estate Association (CREA) show
More informationPriced Out: Understanding the factors affecting home prices in the GTA. RBC-Pembina Location Matters Series
Priced Out: Understanding the factors affecting home prices in the GTA RBC-Pembina Location Matters Series Priced Out: Understanding the factors affecting home prices in the GTA Cherise Burda November
More informationThe Canadian Real Estate Association News Release
The Canadian Real Estate Association News Release Canadian home sales push higher in February Ottawa, ON, March 15, 2016 According to statistics 1 released today by The Canadian Real Estate Association
More informationOffice Market Heats Up as Temperatures Cool
Research & Forecast Report RENO OFFICE Q3 2017 Office Market Heats Up as Temperatures Cool >>Vacancy decreased to 11.8% >>Positive net absorption of 36,041 square feet >>Construction is imminent with limited
More informationGreater Toronto Area, ON
Greater Toronto Area, ON GREATER TORONTO AREA OFFICE Economic Indicators Q3 17 Q3 18 GTA Employment 3.3 mil 3.3 mil GTA Unemployment 6.1% 6.1% Canada Unemployment 6.2% 5.9% Source: Statistics Canada Market
More informationCoStar Industrial Statistics. Y e a r - E n d Greater Toronto Industrial Market
CoStar Industrial Statistics Y e a r - E n d 2 0 1 7 Year-End 2017 Greater Toronto Table of Contents Table of Contents................................................................. A Methodology......................................................................
More informationChicago s industrial market thrives during the second quarter.
Economic Overview CHICAGO INDUSTRIAL MARKET MONITOR SECOND QUARTER 2015 Chicago s industrial market thrives during the second quarter. Demand across the Chicago industrial market remains high sending absorption
More informationGaining Traction Gradually in 2018
Research & Forecast Report RENO OFFICE Q1 2018 Gaining Traction Gradually in 2018 >> Overall vacancy increased slightly to 12.3% >> Negative net absorption of 13,792 square feet >> Rental rates remained
More informationINDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS
VENTURA COUNTY INDUSTRIAL FOURTH QUARTER 217 QUICK STATS Direct Vacancy 2.1% Overall Vacancy 2.4% Lease Rate NNN $.7 Gross Absorption Under Construction MARKET TRENDS Current Quarter 1,332,957 SF 774,362
More informationThe Improvement of the Industrial Market
Research & Forecast Report Long Island industrial MARKET Q2 2015 The Improvement of the Industrial Market Rose Liu Research & Financial Analyst Long Island Takeaways The overall economy on Long Island
More informationental Market report Vacancy Rate Up Slightly Vacancy Rate Edges Higher in 2004 Charlottetown CA CHARLOTTETOWN Canada Mortgage and Housing Corporation
4.8% r ental Market report Vacancy Rate Up Slightly CHARLOTTETOWN Canada Mortgage and Housing Corporation Volume 6 Edition 1 October 2004 www.cmhc.ca Vacancy Rate Edges Higher in 2004 The vacancy rate
More informationRESEARCH & FORECAST REPORT
Q2 2012 OFFICE LAS VEGAS NEVADA RESEARCH & FORECAST REPORT Recovery Without Job Growth? Despite office employment still trending downwards, Southern Nevada s office market posted positive net absorption
More informationSecond Quarter Industrial Market Report 2017
Second Quarter Industrial Market Report 2017 03 04 04 04 05 06 08 09 10 11 13 Executive Summary National Economy Local Economy Oklahoma City Industrial Market Leasing Net Absorption and Inventory Rental
More informationSpring Market trends
2016 Spring Market trends Report NATIONAL SUMMARY Vancouver and Toronto continued to see significant price appreciation in the first quarter of the year. Greater Vancouver s average residential sale price
More informationCoStar Industrial Statistics. M i d - Y e a r Greater Toronto Industrial Market
CoStar Industrial Statistics M i d - Y e a r 2 0 1 8 Mid-Year 2018 Greater Toronto Table of Contents Table of Contents................................................................. A Methodology......................................................................
More informationental market report CMHC s Fall survey of rental hous Average vacancy rate in ³ N regina 2002 IN THIS Regina slips from 2001 level ISSUE
r ental market report Canada Mortgage and Housing Corporation Average vacancy rate in IN THIS Regina slips from 2001 level ISSUE Average vacancy rate slips... 1 CMHC s Fall survey of rental hous ing found
More informationINDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS. Current Quarter. Direct Vacancy 2.
LOS ANGELES NORTH INDUSTRIAL THIRD QUARTER 218 QUICK STATS Direct Vacancy 2.3% Overall Vacancy 2.6% Lease Rate NNN $1.1 Gross Absorption Under Construction MARKET TRENDS Current Quarter 1,632,564 SF 595,199
More informationThe Canadian Real Estate Association News Release
The Canadian Real Estate Association News Release Canadian home sales push higher in February Ottawa, ON, March 15, 2016 According to statistics 1 released today by The Canadian Real Estate Association
More informationOh Midsize Spaces, Where Art Thou?
Research & Forecast Report RENO INDUSTRIAL Q1 2018 Oh Midsize Spaces, Where Art Thou? > > Vacancy decreased to 5.38% > > 919,515 square feet of Gross Absorption > > Industrial land is becoming the next
More informationStrong Absorption Drives Down Vacancy to Start 2017
Research & Forecast Report GREATER PHOENIX INDUSTRIAL 2017 Strong Absorption Drives Down to Start 2017 Key Takeaways >> Industrial vacancy in Greater Phoenix dipped below 10 percent in the first quarter,
More informationOman Real Estate Conference th May 2015
Oman Real Estate Conference 2015 11 th May 2015 1 Contents 1. Global Real Estate Overview 2. MENA Real Estate Overview 3. Oman s Market Overview 4. Market 5. Market 6. Hospitality Market 7. Market Global
More informationIndianapolis MARKETBEAT. Office Q Economy. Market Overview INDIANAPOLIS OFFICE
INDIANAPOLIS OFFICE Economic Indicators Q2 17 Q2 18 MSA Employment 1.1M 1.1M MSA Unemployment 3.3% 3.0% U.S. Unemployment 4.3% 3. Market Indicators (Direct, All Classes) Q2 17 Q2 18 Total Market Vacancy
More informationDocument under Separate Cover Refer to LPS State of Housing
Document under Separate Cover Refer to LPS5-17 216 State of Housing Contents Housing in Halton 1 Overview The Housing Continuum Halton s Housing Model 3 216 Income & Housing Costs 216 Indicator of Housing
More information