RETechTO Presentation Oct 26 09 - Chris Fyvie From Colliers Int'l

Toronto CommercialReal Estate

Market Update

Chris FyvieSales Representative

416.643.3713

Chris. Fyvie@colliers.com

@chris.fyvie - Twitter

Realty: Downtown vacancy rate @ 5.2% Financial Core vacancy rate @ 3.5%

Faltering demand Rising vacancy Downward pressure on rent Covenant of Rising Concern

In the News:

70% of the new A Class office space has been pre-leased and state-of-the-art buildings are in high demand

Realty: New A Class buildings in the

Financial Core will drive the market down

In the News:

4.7 million square feet – new inventory

70% pre-leased = 1.41 million square feet coming to market

Current vacancy 7.22 million= 10.5% vacancy

Inventory 68.83 million

Adding the new buildings and assuming a flat absorption rate

7.22 million + 1.41 million = 8.63%68.83 million + 4.70 million 73.53%

= 11.7% vacancy rate

MARKET CONFIDENCE AMONG LANDLORDS

NUMBERS ARE VERY SIMILAR TO THE LOW IN 1992

Marketing Sites - Enrich

Social Bookmarking - Remote

Classifieds - Advertising

Social Networks - Engage