Toronto office rents soar 17.5 per cent as companies bypass suburbs to settle in the city

[Innsertnamehere]

my understanding (extremely limited) is that the big 5 have been growing extremely fast since the recession on the world stage, and need more office space as a result.

[ShinyTower]

Yeah you're right about the banks being a big factor. Check out this report about office space in the GTA. Has a lot of points.

http://www.cushwake.com/cwmbs2q12/pd...ronto_2q12.pdf

[Nouvellecosse]

Originally Posted by Filip

We're about to witness a flurry of tenant/project announcements in the next few months. If all goes well; one of them will be a stunner.

Will it also be large ( as in FCP/Scotia sized or bigger)? That's what would really make me excited. I don't want to believe that we're forever doomed to have BA/RBC Centre sized office projects.

[isaidso]

Originally Posted by Taller, Better

**drools silently**

My bets are on it being the 45 Bay site.

[urban 2.0]

I say bce place tower III

[cruzin4u]

So we have...

Bay Adelaide III - North Tower
100 Adelaide West
45 Bay St.
156 Front St. W (Cadillac Fairview - 54s Office?)
ICE's office component
Allied REIT office developments
Menke's Harbour office component

Any other locations?

[Innsertnamehere]

posted this over at the "toronto is booming, but how?" thread:

Originally Posted by Innsertnamehere

We currently know about 12 projects (13 if you count the new eatons center tower, 14 if you count 45 bay, and 15 if you count the Convention center redo), so that is mostly already projects that we know about.

The square footage of each project is listed in the brackets.
the list:

1. 495 King Street West (500,000)
2. Globe & Mail HQ (480,000)
3. King & Peter office building (800,000)
4. 43 Simcoe (1,100,000)
5. Queen Richmond Centre (300,000)
6. Bremner tower (700,000)
7. Ice Office tower (800,000)
8. One York (800,000)
9. Waterpark place III (930,000)
10. Richmond Adelaide centre III ( up to 1,000,000)
11. Bay Adelaide Centre West (900,000)
12.Old Toronto Sun building (new tower on parking lot, along with a 3 floor addition on top of existing building) (500,000)

"hypotheticals"

13. 3rd Eatons Centre office building (1,000,000?)
14. Metro Toronto Convention Centre redevelopment (2,100,000)
15. 45 Bay (2,000,000?)

so that's 8,810,000 square feet confirmed and up to 13,900,000 if you include the hypotheticals.

looks like that 13,900,00 number is pretty darn close to the 13.5 million stated in the article.

[isaidso]

Looks like Toronto will be getting 12-15 medium sized office buildings rather than 3-4 big ones.

[InTheBeach]

Let's all say it together (and maybe they will speed up)...










...downtown relief line.

[isaidso]

Speaking of the DRL, there was an article in the Star about the looming infrastructure deficit. We're building like crazy, but not investing in the infrastructure to service it. If we're going to build 40-100 floors from Bremer to Yorkville, I suspect we'll need more than just the DRL. We might need 2-3 additional lines just in the core.

I have a feeling us downtowners are going to be walking everywhere... even in winter. The infrastructure will take 10-20 years to catch up to the demand for it.

Density Toronto: Why the skyscrapers on steroids?

While not opposed to tall buildings, Greenberg said developers and planners must take into account whether there’s sufficient infrastructure to support the density brought by super towers.

Full article: http://www.thestar.com/news/gta/arti...rs-on-steroids