John Vivadelli, CEO and founder of AgilQuest Corporation, talks about commercial real estate potentially facing a perfect storm - one that will utterly change the capital markets and the way corporations account for their office space on their balance sheets.
Tags: AgilQuest, balance, balance sheets, capital, capital markets, ceo, commercial real estate, Corporation, corporations, estate, founder, John Vivadelli, office, office space, perfect storm, space, storm, way
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Atlanta Begins to Pare Down Glut of Office Space
Tags: Atlanta, Glut, office, office space, Pare, space
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New York Office Space is Costly? Take a Look at London
Tags: London, new york office, office space
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How Teleworking Impacts Demand for Office Space
Tags: demand, Impacts, office, office space, space, Teleworking
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Commercial Transactions Up in February
Last month, TREB Commercial Members reported 606,076 square feet of leased space, a 28 per cent increase from the 472,663 leased square feet recorded in February of 2009.
"During the first two months of 2010, the GTA commercial real estate market has outperformed the same period in 2009," said Commercial Council Chair Garry Lander. "Key economic indicators, including this week's strong fourth quarter GDP result, suggest that the Canadian economy continues to improve and that economic growth is becoming better distributed across all sectors of the economy."
"Look for positive results to continue in the commercial market, especially as we start to see more hiring in the GTA," added Lander.
Lease rates were mixed in February. Industrial space of all size categories fell seven per cent to $4.80 per square foot net (sfn) from the February 2009 figure of $5.17 per sfn. Commercial space traded for $20.89 per sfn, up 10 per cent from the $19.02 per sfn figure recorded last year. Leased office space also rose in price, trading for $12.95 per sfn, which is up 23 per cent from the February 2009 figure of $10.57 per sfn.
Sales Market Highlights
February 2010 saw TREB Commercial Members 41 sales of IC&I properties, including 17 industrial buildings of all size categories which averaged for $52.89 per square foot. In comparison, non-MLS sources recorded a figure of $62.49 per square foot.
See the complete copy of the Commercial Realty Watch »
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