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

012345 1 0678 9 8 48 6 3 8 1 8
SMART_READER_LITE
LIVE PREVIEW

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

!"##$%&'()*'++*,-./' 012345'1'0678*'9:8'48;'6<<3=8'!>1=8' 0%?"@.A%@*' !"#"$%&'$%$()*&+,%"-.&/."%)"0$1*&'$%$()&2($$)&& >.&"B*'


slide-1
SLIDE 1

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

0%?"@.A%@*'!"#"$%&'$%$()*&+,%"-.&/."%)"0$1*&'$%$()&2($$)&& >.&"B*' 34$5&6-55,7*&+,%"-.&!"),&/.,("5,%8*&9:),&;,$("%<&=&+$1,(*&>-%,(&;$%<&;$+$11,& ?-5&@$8,%AB*&'$%$<"%<&C".,)8-.*&?,$1&D(8$8,*&+E%&;"F,&G((E.$%),& H$841,,%&')3$A,*&C".,)8-.*&3-.0-.$8,&?,$1&D(8$8,*&+8$%8,)&& ?B$%&?-((*&@,%,.$1&'$%$<,.*&3-.0-.$8,&C,#,1-0I,%8*&J-E%8$"%&K".,&

slide-2
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

))CDE' +FCDE'

Source: Altus InSite, JLL Research

L&

&

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

in the financial core.

D5I-%8-%&-:),&"%#,%8-.B&<.-M84&"%5,N&

slide-3
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%

O,M&3$%$5"$%&9:),&3-%(8.E)P-%&

slide-4
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

+-CGE' HC,E' DCHE' ICHE'

Source: Altus InSite, JLL Research

3$%$5"$%&-:),&I$.Q,8&#$)$%)B& &

slide-5
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)

J,GCKK'>!<' J,,C,F'>!<' J)HCHI'>!<' J)FC)+'>!<'

Source: Altus InSite, JLL Research

3$%$5"$%&-:),&I$.Q,8&$#,.$<,&<.-((&.,%8(&

slide-6
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

D5I-%8-%&9:),&'$.Q,8& &

slide-7
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)

C-M%8-M%& +EAE.A$%&

New supply since 2008! Square feet

Source: Altus InSite, JLL Research

D5I-%8-%&%,M&)-%(8.E)P-%&R& .,5,#,1-0I,%8(& &

slide-8
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

DC-E'

Vacancy rate

DCIE' HC-E' DC-E' ICKE' +-C-E' +-CGE'

Source: Altus InSite, JLL Research

D5I-%8-%&#$)$%)B&.$8,(&

slide-9
SLIDE 9

Source: Altus InSite, JLL Research

9%&84,&A-$.5(&S&/3;&

slide-10
SLIDE 10

9%&84,&6-$.5(&T&'-($")&3,%8.,&

slide-11
SLIDE 11

9%&84,&6-$.5(&S&@"1,$5&

slide-12
SLIDE 12
  • !

Approximately $300 million, 27-storey building

  • !

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

3"8B&-F&D5I-%8-%U&-:),&)-%(-1"5$P-%& &

slide-13
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

3"8B&-F&D5I-%8-%U&-:),&)-%(-1"5$P-%&

slide-14
SLIDE 14

.,"I$<"%,&T&$((-)"$8,5&,%<"%,,."%<&01$7$&V&

slide-15
SLIDE 15

K4,&JE8E.,&V&

slide-16
SLIDE 16

6$)Q&8-&84,&JE8E.,V& &

slide-17
SLIDE 17

&S&&&& &W*XXX*XXX&& &Y*XXX*XXX&& &Z*XXX*XXX&& &[*XXX*XXX&& &\X*XXX*XXX&& &\W*XXX*XXX&& &\Y*XXX*XXX&& &\Z*XXX*XXX&& &\[*XXX*XXX&& ]Y&WXX^& ]Y&WXX_& ]Y&WX\X& ]Y&WX\^& J-.,)$(8&`D&WX\[& C-M%8-M%&(F& +EAE.A$%&(F&

G.,&&M,&$8&$&P00"%<&0-"%8&V&