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Top Office Leases Recognized for Greater Toronto

February 23, 2021 by Khadija Chhatriwala Leave a Comment

The impact of the pandemic has resulted in a higher vacancy rate of the office space that climbed to over 6% in Q4 2020. Right now, everyone is watching the sublease market as we are going to see more space being put up for sublease. The suburban office vacancy rose to 15.3%, a 17-year high with over 50% located in the financial core.

The question remains whether how much office space the companies will need in the future. Factors like the attitude towards work change and companies experiencing financial hardship are going to evaluate companies’ needs and put some of their excess space on the market. Still, for many businesses, the office is fundamentally important, and with new vaccines in circulation, the path for a safe return is becoming clearer.

Despite the current dynamics, the Canadian office market exhibited some of the better performances this year and has the lowest availability rate among all comparable markets in North America.

The Bank of Nova Scotia takes away the trophy for this year’s largest office leasing deal so far. It agreed to renew 560,000 square feet of office space in Toronto. But the deal will see 310,000 fewer square feet from owners KingSett Capital and Alberta Investment Management, leaving the top seven floors of a 68-storey tower to rent.

Regardless of the major work-from-home trends in 2020 and 2021, Jon Love, the founder and CEO of KingSett Capital said that the deal had been in the works for over a year and had nothing to do with COVID.

Other Top Office Leases Recognized for Greater Toronto

… Read More

LIDD Real Estate Market Report- Q1 2021

February 12, 2021 by Khadija Chhatriwala Leave a Comment

Some sectors of the Canadian economy have seen a shift from crisis to recovery, but with a tighter reimposition of lockdown due to the second wave, GDP could see a slower growth or even a decline in the next quarter. Even though the news of vaccines suggests returning to normal, the global pandemic will take time to completely eradicate. The pace of vaccinations will be an indicator for a welcomed rebound likely to take hold in the latter part of 2021.

Find the latest industrial real estate trends and forecasts in LIDD’s Q1 2021 LTB Market Report

Trends Shaping the Future of Distribution Centres

November 27, 2020 by Khadija Chhatriwala Leave a Comment

On November 18th, the NAIOP Greater Toronto Chapter and Panattoni Development Canada Inc. hosted a panel discussion on Industrial Properties and Trends that are Shaping the Future of Distribution Centres. LIDD Toronto’s Industrial Real Estate Advisory team attended this discussion, and here are some takeaways:

Moderator:
Michael Smele, Executive VP Eastern Canada, Panattoni Development Company Canada

Speakers:
Peter Millesse, Director, Industrial Advisory, CBRE Limited
Ernie Perfetto, Owner, Metro Concrete Works Inc.
Kurt Witteman, System Sales Manager, Wecon Systems
Brad Woodbine, Partner, Leeswood Construction

… Read More

LIDD Real Estate Market Report- Q4 2020

November 19, 2020 by Khadija Chhatriwala Leave a Comment

While the shutdowns did bring about a brief pause in 20Q2 leasing activity and small increases in vacancy, the GTA industrial market has bounced back in Q3.

E-commerce is expected to increase as a result of new buying trends. For many e-commerce operators, the challenges ahead supersede real estate and fall under supply chain management- integrating technology into their operations, meeting consumer expectations of delivery speed and integration with 3PL companies.

Find the latest industrial real estate trends and forecasts in LIDD’s Q4 2020 LTB Market Report

E-Commerce Drives Industrial Real Estate

October 23, 2020 by Khadija Chhatriwala Leave a Comment

Even though the Canadian commercial real estate market remains relatively stable, signs of a softening are beginning to appear. This is especially true in class B and class C office space, where sublease availability has skyrocketed, and lower level retail storefronts are at risk of sitting dormant or vacant.

The industrial sector is a different story. With an accelerated increase in e-commerce activity, the verticals of online apparel, grocery delivery, meal kits and home office equipment are increasing and being faced with the need to modify their supply chains to meet demand. According to Statistics Canada, the e-commerce sector grew by 110.8% as compared to May 2019 with a 63.8% increase coming in the month of April 2020 alone.

… Read More

LIDD Real Estate Market Report – Q3 2020

August 5, 2020 by Jesse Micak Leave a Comment

Find the latest industrial real estate trends and forecasts in LIDD’s Q3 2020 LTB Market Report

LIDD Real Estate Market Report – Q2 2020

April 29, 2020 by Jesse Micak Leave a Comment

Find the latest industrial real estate trends and forecasts in LIDD’s Q2 2020 LTB Market Report

LIDD Real Estate Market Report – Q1 2020

January 27, 2020 by Jesse Micak Leave a Comment

Find the latest industrial real estate trends and forecasts in LIDD’s Q1 2020 GTA Market Report.

Congratulations Global Plas!

August 23, 2019 by Jesse Micak Leave a Comment

On August 22nd, 2019, Global Plas Inc. invited LIDD to celebrate a newly awarded manufacturing grant. … Read More

Toronto’s Vacancy Rate at Historic Low

August 5, 2019 by Jesse Micak Leave a Comment

 

CoStar, the world leader in commercial real estate information and analytics, has the most comprehensive database of real estate data throughout the US, Canada, the UK and Europe. LIDD Real Estate utilizes CoStar platform’s vast research capabilities on a daily basis to better serve our clients.… Read More

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