I would really have to go through the individual buildings to figure the square footages and floorplates sizes but, BMO at the very least covers 4 million square feet in the GTA. Scotia's requirements should be similar.

Positive News regarding Toronto vacancy - From the star

• Toronto downtown office vacancy rates up 17.5%
• Office vacancy in Toronto ended the year at 4.7%
• New Office Space south of Financial Core coming online to meet demand
• demand to locate offices downtown, influenced by number of young people
• Young people live downtown, they walk and bike to work
• Companies want to take advantage of this dynamic labour pool
• No interest amoung the young in reverse commuting to the suburbs for work

Read the article here

http://www.thestar.com/iphone/Top%20...rticle/1133309

I first read that torontos vacancy rates went up 17%, but then i read its at 4%. was the rate at -13% in 2010 or something? If so, how does that work? Are there desks in the elevators, rooftops and lobbies? Lol (i realize its a typo, no worries)

Rents went up by 17.5% last year.

Leftcoaster did your boss leave you out of the loop?

From Travis via urbandreamer

This gets Toronto to 34 - 200 meter towers including built/under-construction/proposed/potential development.

You're jumping to conclusions yet again. 700 University (formerly OPG) is around a million five (not a single parking spot either) yet tops out at 80 metres. The Eaton Centre has a massive Yonge Street frontage that can gobble hundreds of thousands of square feet just by adding a few floors.

I thought you might say that, but it seems unlikely they could utilize all that Yonge Street frontage without severely encroaching on the interior space of the mall.

The mall would be largely unaffected either way as whatever gets built will be built overtop the parkade instead of from the ground up. I also think offering 80 to 100,000 square foot plates would make a popular alternative to the boom district offerings by Union. They already have banks leasing space in the complex.

http://m.theglobeandmail.com/globe-i...service=mobile

* Scotiaplaza is getting a lot of interest from pension funds across Canada
* OMERS / CPPIB / Alberta Investment Management Council
* Brookfield Asset Management may be forced out due to lack of Tax Free Pension Exemptions on Earnings
* Brookfield will regardless benefit from a high price due to its large Toronto Office Portfolio
* International Investors and Pensions are also eyeing Scotiaplaza

http://www.calgaryherald.com/busines...921/story.html

Calgary office market ‘on fire’
Demand for space bucks national trend
By Mario Toneguzzi, Calgary Herald March 14, 2012 10:04 AM


CALGARY — While demand for office space has slowed across most of the country in the first quarter of 2012, it remains ‘on fire’ in Calgary with low supply, according to a report released today by Cushman & Wakefield Canada.

The National Office Trends: First Quarter Report said Calgary’s central business district saw vacancy drop from 9.2 per cent in the first quarter of 2011 to 3.6 per cent in the first quarter of 2012. Class A space in the core is virtually non-existent, with vacancy at a low 1.1 per cent now, said the commercial real estate firm.

It said Class A space in the suburbs also tightened from 9.7 per cent in the fourth quarter of 2011 to 9.0 per cent in the first quarter of this year. The overall vacancy rate, including the suburbs and downtown, dipped from 10.3 per cent last year to 5.8 per cent this year.

So Enbridge is taking another 75,000sqft in downtown Edmonton... Manulife Place.

In the past 6 months they have absorbed 223,000sqft!!!

http://www.avisonyoung.com/sites/def...e_Report_0.pdf

^ and looking for more, so I hear.

Cushman & Wakefield: Pause in GDP Translates to Slowdown in Demand for Office Space in First Quarter


Business Wire
Financial Post
Mar 14, 2012


link to whole article

Calgary soon to outstrip Montreal as office centre

By Allison Lampert, The Gazette March 27, 2012

http://www.montrealgazette.com/busin...#ixzz1qRHR8cZQ

http://www.montrealgazette.com/busin...?size=620x400s


MONTREAL - Driven by a commodities-fuelled boom, Calgary is expected to overtake Montreal as Canada’s second-largest downtown office market after Toronto, commercial real estate executives predict.

“Our expectation is that Calgary is eventually going to surpass what we have in our core,” said Louis Burgos, senior managing director of real estate services firm Cushman & Wakefield in Montreal.

“I would expect it.”

Strong demand by oil companies for large blocks of space in Calgary, combined with nearly a decade-long absence of new office tower construction in downtown Montreal, have narrowed the gap between the two cities over the last six years.

According to Cushman & Wakefield projections, Montreal’s central office inventory will hit 49.2 million square feet in 2016, compared with 48.8 million square feet in Calgary, a gap of just 400,000 square feet. In 2007, Montreal’s central office inventory was larger than Calgary’s by about 10 million square feet, Cushman data says.

Downtown office market. I would be curious to see the CMA's numbers, where Montréal probably still has a much bigger inventory. Still impressive for Calgary though.

http://farm3.static.flickr.com/2722/...328ea84ee3.jpg

Interestingly, this building on the left is not considered downtown office inventory (despite being attached to the Calgary Tower). It fronts 10th Avenue, which counts as Beltline inventory (6 million square feet). The building on the right, is 'downtown'.

It's like the Okotoks of downtown office space inventory counts. :cool:

Montreal almost certainly has more space in total. Old Montreal, Laval, … add a ton to the total space available. Calgary is very centralized compared to the Greater Montreal Area.

It is possible that Calgary has more Class A space than Montreal. Calgary doesn't really have a supply of converted warehouses old smaller office buildings. Much of the space in Calgary is fairly new and for large, growing, and well monied tenants.

Hey, it was only a matter of time. Calgary already has taller office buildings and is building more of them.

I bet the mtlurb forumers are taking this news personally. It doesn't take anything away from Montreal when Calgary does well (unlike Toronto in the 70s and 80s which truly gained at Montreal's expense). CP Rail is about the only company I can think of that left Montreal for Calgary.

It would be interesting to see maps of office space. The office space statistics are typically very limited in a number of ways. For example, the "downtown" areas can be very small and are not necessarily consistent between cities. The statistics are also typically for leased space and it's not clear that leased space makes up the same percentage of office space in all cities.