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MARKET ENTER YOUR PRESENTATION UPDATE TITLE HERE Optional - - PowerPoint PPT Presentation

Jul 07, 2023 538 likes •648 views

MARKET ENTER YOUR PRESENTATION UPDATE TITLE HERE Optional subtitle text here UDI August 11, 2020 ADD DATE HERE MEETING Market Overview General Context Retail sector was the first to be impacted but is showing signs of reinvention

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SLIDE 1

MEETING

ENTER YOUR PRESENTATION TITLE HERE

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ADD DATE HERE

MARKET UPDATE

UDI

August 11, 2020

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SLIDE 2

MEETING

Market Overview

General Context

  • Retail sector was the first to be impacted but is

showing signs of reinvention ahead of others

  • Industrial sector remains strong, benefitting

from a position of high demand and low supply

  • Office sector is the most unknown as

companies are slow to re-occupy and there is much speculation as to future demand

  • Multi-family is the most active asset class from

an investment perspective

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MEETING

Retail…… Q2 2020

Trends

YoY Chg 12-Mo. Forecast

148K

Vancouver Retail Jobs

1.3%

Vancouver Population Growth

13.7%

Canada Unemployment Rate

Availability by Type Overall Vacancy, Absorption & Asking Rate

Source: C&W Research Sources: Statistics Canada & Oxford Economics

3.1% 3.8% 2.9% 2.2% Downtown Core Regional Malls Community Malls Neighbourhood Malls

Q4 2019 Q2 2020

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SLIDE 4

MEETING

Industrial…… Q2 2020

Trends

YoY Chg 12-Mo. Forecast

1.3%

Vacancy Rate

1.5M

Net Absorption

$13.15

Asking Rate, PSF

Overall Vacancy & Asking Rate Overall Vacancy, Absorption & Asking Rate

(Overall, Net Asking Rate) Source: C&W Research

0% 1% 1% 2% 2% 3% 3% 4% 4% $0 $2 $4 $6 $8 $10 $12 $14 2017 2018 2019 2020

Asking Net Rent, $ PSF Vacancy Rate

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SLIDE 5

MEETING

Office…… Q2 2020

Trends

YoY Chg 12-Mo. Forecast

3.9%

Vacancy Rate

  • 185,414

Net Absorption

$44.26

Asking Rate, PSF

0% 7% 14% $30 $36 $42 $48 2016 2017 2018 2019 2020F

Gross Asking Rent, $ PSF Vacancy Rate

Overall Vacancy & Asking Rate Overall Vacancy, Absorption & Asking Rate

(Overall, All Property Classes) Source: C&W Research

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SLIDE 6

MEETING

Office Sublease Summary – 3,000SF+

Sublease Spaces Added to the Market March 1st – August 10th : 730KSF – Metro Vancouver; 590KSF – Financial Core

Source: C&W Research

Tech Education Other Services Mining/Oil & Gus/Lumber Engineerng/Construction/ Architects Retail Services Insurance/Finance Biotech

USER TYPE

Financial Core Burnaby New Westminster Broadway Corridor Surrey Richmond North Shore

AREA

Notable Subleases:

666 Burrard - Mining (53KSF), 2700 Production – Tech (50KSF), 435 Columbia - Education (41KSF), 580 Granville - Tech (30KSF), 101 Smithe - Education (30KSF) and 725 Granville - Tech (20KSF)

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SLIDE 7

RETURN TO OFFICE?

The Future of Office Space

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SLIDE 8

MEETING

RETURN TO OFFICE?

The future of office space

Total Workplace Ecosystem:

  • a variety of locations and experiences to support convenience, functionality and

wellbeing vs. a single location

  • ffices will become destinations that strengthen cultural connection, learning,

bonding with customers and colleagues, and support innovation

  • current footprint sizes will remain steady, balancing social distancing’s relaxing
  • f space density with less office space headcount demand in the new total

workplace strategy

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SLIDE 9

WHAT’S NEXT?