VANCOUVER OFFICE MARKET? MODERATOR: BILL TUCKER , CEO, OMICRON - - PowerPoint PPT Presentation

A1: WHAT’S HAPPENING WITH THE VANCOUVER OFFICE MARKET?

MODERATOR: BILL TUCKER, CEO, OMICRON PANEL: MARK CHAMBERS, SENIOR VICE PRESIDENT, CUSHMAN & WAKEFIELD MAURY DUBUQUE, SENIOR VICE PRESIDENT | OFFICE LEASING, MANAGER | SALES DEVELOPMENT, TENANT ADVISORY SERVICES, COLLIERS INTERNATIONAL KEVIN NELSON, SENIOR VICE PRESIDENT, CBRE LIMITED SUSAN STEEVES, PRINCIPAL, SSDG

DOWNTOWN OFFICE DEVELOPMENTS 2014 - 2017

TELUS/Westbank Cadillac Fairview Oxford Properties Aquilini Group Bentall Kennedy Manulife Credit Suisse/ SwissReal Pattison/Reliance 448,000 SF 300,000 SF 270,000 SF 180,000 SF (West Tower) 365,000 SF 200,000 SF 360,000 SF 204,000 SF Under Construction Under Construction Under Construction Under Construction Under Construction Planned/Pre-Leasing Planned Planned 2014 Completion 2014 Completion 2014 Completion 2014 Completion 2015 Completion

• Pre-Leasing:

60.0% 0% Preleased ed

• 30.0%

0% Preleased ed

• 51.0%

0% Preleased ed

• TELUS (200,000 SF)
• Bull Housser LLP

(67,000 SF)

• Vertex One (8,000 SF)
• MNP LLP (72,000 SF)
• SNC-Lavalin (100,000 SF)
• McCarthy Tetrault

(85,000 SF)

• TELUS Garden

725 Granville (Sears) MNP Tower 800 Griffiths Way 745 Thurlow 980 Howe The Exchange Burrard Gateway CONFIRMED/UNDER CONSTRUCTION PLANNED

• 8%
• 4%

0% 4% 8% 12% 16%

• 600,000
• 400,000
• 200,000

200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 F 2014 F 2015 F 2016 F New Supply (SF) Absorption (SF) Vacancy (%) Series5

DOWNTOWN SUPPLY & DEMAND FORECAST* AAA/A CLASS

2002 2003 2004 2007 2011 2012 2014 2015

550 BURRARD 858 BEATTY 250 HOWE 1067 W. CORDOVA 550 BURRARD (PH.2) 838 W. HASTINGS 1132 HAMILTON 725 GRANVILLE MNP TOWER 800 GRIFFITHS 745 THURLOW TELUS GARDEN

A1: WHAT’S HAPPENING WITH THE VANCOUVER OFFICE MARKET?

MODERATOR: BILL TUCKER, CEO, OMICRON PANEL: MARK CHAMBERS, SENIOR VICE PRESIDENT, CUSHMAN & WAKEFIELD MAURY DUBUQUE, SENIOR VICE PRESIDENT | OFFICE LEASING, MANAGER | SALES DEVELOPMENT, TENANT ADVISORY SERVICES, COLLIERS INTERNATIONAL KEVIN NELSON, SENIOR VICE PRESIDENT, CBRE LIMITED SUSAN STEEVES, PRINCIPAL, SSDG