!"##$%&'()*'++*,-./' - - PowerPoint PPT Presentation

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!"##$%&'()*'++*,-./' - - PowerPoint PPT Presentation

Nov 08, 2023 395 likes •581 views

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SLIDE 1

!"##$%&'()*'++*,-./' 012345'1'0678*'9:8'48;'6<<3=8'!>1=8'

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SLIDE 2

95 97 99 101 103 105 107 109 111 113 2008 2009 2010 2011 2012 2013 2014 (F) 2015 (F) 2016 (F)

Downtown Suburban

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Source: Altus InSite, JLL Research

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  • ! The City of Edmonton’s new office tower will significantly affect A Class space

in the financial core.

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SLIDE 3

Vancouver Calgary Montreal Toronto Total Office Inventory (Q1 2014) % of Inventory Under Construction Under Construction (2014 - 2018) 52 MSF 63 MSF 7.1MSF 171 MSF 92 MSF 8.8% 11.3% 4.6MSF 7.3MSF 4.3% 2.8MSF 3.0% 7.1MSF

Source: Altus InSite, JLL Research

24 MSF Edmonton

1.5MSF 6.1%

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SLIDE 4

2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% 11.00% 12.00% Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Edmonton Toronto Vancouver Calgary Vacancy rate

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Source: Altus InSite, JLL Research

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SLIDE 5

$25.00 $27.00 $29.00 $31.00 $33.00 $35.00 $37.00 $39.00 $41.00 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Edmonton Toronto Vancouver Calgary Average gross rent ($ per square foot)

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Source: Altus InSite, JLL Research

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SLIDE 6

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0%

  • 400,000
  • 200,000

200,000 400,000 600,000 800,000 1,000,000 2008 2009 2010 2011 2012 2013 2014 (F) 2015 (F) Absorption New Construction Vacancy Square feet

Source: Altus InSite, JLL Research

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SLIDE 7
  • 200,000

400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 2008 2009 2010 2011 2012 2013 2014 (F) 2015 (F) 2016 (F)

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New supply since 2008! Square feet

Source: Altus InSite, JLL Research

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SLIDE 8

4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% Q4 2008 Q4 2009 Q4 2010 Q4 2011 Q4 2012 Q4 2013 Q4 2014 (F) Q4 2015 (F)

Downtown Suburban

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Vacancy rate

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Source: Altus InSite, JLL Research

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SLIDE 9

Source: Altus InSite, JLL Research

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SLIDE 10

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SLIDE 11

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SLIDE 12
  • !

Approximately $300 million, 27-storey building

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City of Edmonton has signed a 20-year lease for 350,000 square feet

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SLIDE 13

146,862 s.f. 132,178 s.f. 102,031 s.f. 350,000 s.f.

HSBC Bank Place Scotia Place CN Tower

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SLIDE 14

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SLIDE 15

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SLIDE 16

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SLIDE 17

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