2016 Winnipeg Real Estate Forum How stable is the Industrial Real - - PowerPoint PPT Presentation

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Sep 17, 2022 163 likes •307 views

2016 Winnipeg Real Estate Forum How stable is the Industrial Real Estate Market All market data contained in the following slides is courtesy of The Johnson Report. For further details or to subscribe to this report please contact Wayne Johnson

SLIDE 1

2016 Winnipeg Real Estate Forum

How stable is the Industrial Real Estate Market All market data contained in the following slides is courtesy of The Johnson Report. For further details or to subscribe to this report please contact Wayne Johnson at waynej@wpgcommercial.ca

SLIDE 2

2016 Winnipeg Real Estate Forum

How Stable is the Industrial Real Estate Market

Moderator: Martin McGarry Panel Murray DeGirolamo David Eyre Michael Hungerford Chris Vodrey

SLIDE 3

Overall Industrial Vacancy Rate

3.2 3.8 3.1 2.5 2 2.7 2.1 2.3 2.7 3.2 3.1 0.5 1 1.5 2 2.5 3 3.5 4 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Rate

SLIDE 4

Industrial Investment Vacancy Rate

9.1 10.2 6.9 7.2 5.9 7.2 5.6 6.4 6.9 8 7.3 2 4 6 8 10 12 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Rate

SLIDE 5

Average Per Square Foot Selling Price

28.97 33.38 41.15 44.11 44.63 47.63 50.4 59.09 61.24 67.49 69.14 10 20 30 40 50 60 70 80 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Price

SLIDE 6

Average Net Industrial Lease Rates (Investment Inventory)

4.46 4.79 4.68 5.19 5.42 5.09 5.53 6.31 6.75 6.44 6.92 $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Lease Rate

SLIDE 7

Lease Rates for Building Age

2 4 6 8 10 12 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Pre 1970 1970-1979 1980-1989 1990-1999 2000+

SLIDE 8

Vacancy Rate by Building Age for 2015

1,042,079 495,762 167,532 155,275 149,233 Pre 1970 1970-1979 1980-1989 1990-1999 2000+

VACANCY Pre 1970 1970-1979 1980-1989 1990-1999 2000 + Total Overall Sq Ft 1,042,079 495,762 167,532 155,275 149,233 2,009,701 Overall Vacancy Rate 10.2% 5.3% 4.9% 7.9% 6.0% 7.3%

SLIDE 9

200 Discovery Place

Lease Rate: $8.95 Net per sq ft Available Space: (+/-) Fully Leased Built: 2013 Building Size: 153,000 sq ft Ceiling Height: 28’ clear Zoning: M2

SLIDE 10

1175 Wilkes Avenue

Lease Rate: $9.65 Net per sq ft Available Space: (+/-) 18,540 & 9,270 sq ft units Built: Under Construction (Summer 2016 Completion) Building Size: 27,801 sq ft Ceiling Height: 24’ clear Zoning:M2

SLIDE 11

1595 Buffalo Place

Lease Rate: $9.75 Net per sq ft Available Summer 2014 Building Size: 36,500 sq ft Bay 1 consists of (+/-) 18,300 sq ft; Bay 2 consists of (+/-) 18,200 sq ft Ceiling Height: 28’ clear Zoning: M2

SLIDE 12

125 Fennel Street

Lease Rate: $9.95 Net per sq ft Construction of Phase 2 (pending pre-leasing) 34,300 sq ft Building Size: (+/-) 39,200 sq ft Bay Sizes: (+/-) 4,900 sq ft Ceiling Height: 24’ clear Zoning: M1

SLIDE 13

Tuxedo Business Park

Lease Rate: TBN Available Space: (+/-) 45,000 sq ft (Building Two) Built: Under Construction (Fall 2016 Completion) Building Size: 45,000 sq ft Ceiling Height: 20’ clear Zoning: MMU

SLIDE 14

Sterling Lyon Business Park

Lease Rate: $12.95 Net per sq ft Phase 3: (+/-) 65,663 sq ft New 3 Storey Office Building (Construction to start Fall 2016) Available Space: (+/-) Fully Leased Bay Sizes: (+/-) 2,500 sq ft Ceiling Height: 20’ clear Zoning: M2