is development back? what are the challengesis … · waterfront toronto redevelopment and the...
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IS DEVELOPMENT BACK? WHAT ARE THE CHALLENGESIS DEVELOPMENT BACK? WHAT ARE THE CHALLENGES THAT PROJECTS FACE IN THIS MARKET? HOW MUCH ACTIVITY IS THERE?
National Office, Industrial, & RetailNew Supply
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National Office – Downtown vs. Suburban
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Source: CBRE-EA Canada Office Outlook XL, Summer 2011
National Industrial Vacancy
Forecast
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Source: CBRE-EA Canada Industrial Outlook XL, Summer 2011
British Columbia
ECONOMIC DRIVERS
Trade and transportation Financial Services Financial Services Law
DEVELOPMENT DRIVERS $8 billion shipbuilding contract awarded to Victoria
will initiate major construction boom. $4.7 billion P-P-P projects either completed or
underway; a further $2.7 billion is being bid on across the Province.
$20 billion in committed funds for transportation investments to bring Canada closer to Asian
Oxford Properties1021 West Hastings Street
270,000 SF of Office3Q14 DeliveryNo lead tenant
Bentall Kennedy745 Thurlow Street400,000 SF of Office
2Q15 DeliveryMcCarthy Tetrault
SNC Lavalin
investments, to bring Canada closer to Asian markets.
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No lead tenant S C a a
Alberta & PrairiesECONOMIC DRIVERS
Oil & Gas Resource ExtractionResource Extraction Agriculture Transportation
DEVELOPMENT DRIVERS Oil, gas, resources and commodities are near all-
time high valuestime high values. Demand coming from BRIC and developing
nations continued need for resources. High Canadian dollar both a blessing and a curse.
CentrePort Winnipeg
20,000 AcresTransportation Facilities and Foreign Trade Zone (FTZ)
HinesEight Avenue Place II
786,000 SF – OfficeNo lead tenant
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OntarioECONOMIC DRIVERSECONOMIC DRIVERS
Financial Services Legal & Consulting Firmsg g Government Manufacturing & Trade
DEVELOPMENT DRIVERS Target Inc. is building a 1.45 million square foot
logistics and distribution centre in Cornwall. Lower operating costs make new builds an
attractive option to traditional ‘Premier A’ towers for large users in Toronto.
Waterfront Toronto Redevelopment and the Pan-Am Games will provide major developments toAm Games will provide major developments to Toronto’s Downtown East market for the next 5 years in all classes.
Oxford PropertiesRBC WaterPark Place
933,000 SF of Office3Q14 Delivery
Royal Bank of Canada
Broccolini/CandarelExport Development Canada
520,000 SF of Office1Q12 Delivery
Export Development Canada
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Royal Bank of Canada Export Development Canada
Quebec & MaritimesECONOMIC DRIVERSECONOMIC DRIVERS
Financial Services Trade & Transportationp Resource Extraction Shipbuilding
ECONOMIC DRIVERS $25 billion shipbuilding contract awarded to Halifax
will initiate major construction boom.j Major Infrastructure renewal needs will drive
construction across the Province of Quebec. Growing oil & gas industry off Newfoundland. Government of Quebec
Champlain BridgeIrving ShipbuildingHalifax Shipyards
$Approximately $5 billionInfrastructure Project
Approximately $25 billion21 Canadian Combat Vessels
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GTA Office Construction11.1million square feet proposed in the Downtown Market
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