2016 Winnipeg Real Estate Forum How stable is the Industrial Real - PowerPoint PPT Presentation

2016 Winnipeg Real Estate Forum How stable is the Industrial Real Estate Market All market data contained in the following slides is courtesy of The Johnson Report. For further details or to subscribe to this report please contact Wayne Johnson at waynej@wpgcommercial.ca

2016 Winnipeg Real Estate Forum How Stable is the Industrial Real Estate Market Moderator: Martin McGarry Panel Murray DeGirolamo David Eyre Michael Hungerford Chris Vodrey

Overall Industrial Vacancy Rate 4 3.8 Rate 3.5 3.2 3.2 3.1 3.1 3 2.7 2.7 2.5 2.5 2.3 2.1 2 2 1.5 1 0.5 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Industrial Investment Vacancy Rate 12 Rate 10.2 10 9.1 8 8 7.3 7.2 7.2 6.9 6.9 6.4 5.9 5.6 6 4 2 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Average Per Square Foot Selling Price 80 67.49 69.14 Price 70 59.09 61.24 60 41.15 44.11 44.63 47.63 50.4 50 40 33.38 28.97 30 20 10 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Average Net Industrial Lease Rates (Investment Inventory) $8.00 Lease Rate 6.92 6.75 6.44 $7.00 6.31 $6.00 5.53 5.19 5.42 5.09 4.46 4.79 4.68 $5.00 $4.00 $3.00 $2.00 $1.00 $0.00 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Lease Rates for Building Age 12 10 8 Pre 1970 1970-1979 6 1980-1989 4 1990-1999 2000+ 2 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Vacancy Rate by Building Age for 2015 VACANCY Pre 1970 1970-1979 1980-1989 1990-1999 2000 + Total Overall Sq Ft 1,042,079 495,762 167,532 155,275 149,233 2,009,701 Overall Vacancy Rate 10.2% 5.3% 4.9% 7.9% 6.0% 7.3% 149,233 155,275 Pre 1970 1970-1979 167,532 1980-1989 1,042,079 1990-1999 495,762 2000+

200 Discovery Place Lease Rate: $8.95 Net per sq ft Available Space: (+/-) Fully Leased Built: 2013 Building Size: 153,000 sq ft Ceiling Height: 28’ clear Zoning: M2

1175 Wilkes Avenue Lease Rate: $9.65 Net per sq ft Available Space: (+/-) 18,540 & 9,270 sq ft units Built: Under Construction (Summer 2016 Completion) Building Size: 27,801 sq ft Ceiling Height: 24’ clear Zoning:M2

1595 Buffalo Place Lease Rate: $9.75 Net per sq ft Available Summer 2014 Building Size: 36,500 sq ft Bay 1 consists of (+/-) 18,300 sq ft; Bay 2 consists of (+/-) 18,200 sq ft Ceiling Height: 28’ clear Zoning: M2

125 Fennel Street Lease Rate: $9.95 Net per sq ft Construction of Phase 2 (pending pre-leasing) 34,300 sq ft Building Size: (+/-) 39,200 sq ft Bay Sizes: (+/-) 4,900 sq ft Ceiling Height: 24’ clear Zoning: M1

Tuxedo Business Park Lease Rate: TBN Available Space: (+/-) 45,000 sq ft (Building Two) Built: Under Construction (Fall 2016 Completion) Building Size: 45,000 sq ft Ceiling Height: 20’ clear Zoning: MMU

Sterling Lyon Business Park Lease Rate: $12.95 Net per sq ft Phase 3: (+/-) 65,663 sq ft New 3 Storey Office Building (Construction to start Fall 2016) Available Space: (+/-) Fully Leased Bay Sizes: (+/-) 2,500 sq ft Ceiling Height: 20’ clear Zoning: M2