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...n Drive Los Angeles, CA 90068United States Map Phone:&nbs... ... Area OverviewLos Angeles is the largest city in California and, after New York, the second largest in the United States. Located in the southern region of the state, Los Angeles comprises almost 500 square miles in area. Often known by its initials L.A., the city is the focal point of the larger Los Angeles-Long Beach-Santa Ana metropolitan statistical area, with almost 13 million people and ranks as one of the most populous metropolitan areas in the world and the second largest in the U.S. Los Angeles is also the seat of Los Angeles County, the most populated and one of the most ethnically-diverse counties in the United States, while the entire Los Angeles area itself is recognized and regarded as the most diverse metropolitan area in the United States.Nicknamed the City of Angels, Los Angeles is a world center of business, international trade, entertainment, culture, media, fashion, science, technology and education. It is home to renowned institutions covering a broad range of professional and cultural fields and is one of the most substantial economic engines within the country. Los Angeles has been ranked the third richest city in the United States and fifth most powerful and influential city in the world, behind only New York City in the United States. The Los Angeles combined statistical area (CSA) has a gross metropolitan product (GMP) of more than $830 billion, making it the third largest economic center in the world, after the Greater Tokyo and New York metropolitan areas.As the home base of Hollywood, L.A. is known as the entertainment capital of the world, leading the globe in the creation of motion pictures, television productions, video games, and recorded music. The importance of the entertainment business to the city has led many celebrities to call Los Angeles and its surrounding suburbs home. Los Angeles is also often billed as the creative capital of the world, due to the fact that one in every six residents works in a creative industry. According to the USC Stevens Institute for Innovation, "there are more artists, writers, filmmakers, actors, dancers and musicians living and working in Los Angeles than any other city at any time in the history of civilization."Los Angeles hosted the 1932 and 1984 Summer Olympics, and is also home to renowned universities such as the University of Southern California and the University of California, Los Angeles.MarketsOfficeLos Angeles is a company headquarters mecca. In all, 21% of Los Angeles companies are involved in real estate, finance or insurance. The L.A. Metropolitan Area’s office market comprises distinctly different submarkets known as Downtown Los Angeles; West Los Angeles (which includes Beverly Hills, Westwood, Century City and Hollywood); the South Bay (which encompasses the area in and around Los Angeles International Airport (LAX)); and the northern part of the city known as the San Fernando Valley.RetailThe Los Angeles retail market’s diverse offerings range from high-end stores on Rodeo Drive retail to big-box outlets prevalent throughout Southern California. In recent years, many big-box retailers have taken advantage of L.A.’s favorable long-term lease opportunities to open strategic locations in the region. The overall retail vacancy rate has consistently remained less than 5%.IndustrialThe vast L.A. industrial real estate market benefits from its proximity to the Port of Los Angeles, which handles approximately 6 million containers per year. The industrial sector is principally located in proximity to downtown Los Angeles, the LAX hub and the Long Beach port. The largest completed transaction in nearly 10 years occurred in 2011 when the 99 Cent Only chain leased a 622,000-square-foot distribution center.InvestmentInstitutional investors, including notable pension funds, REITs and public companies, are attracted to the Los Angeles market as a whole due to the city’s large population and the number of companies based here. While institutional investors dominate the office sector, they have also invested billions in the retail, industrial and multi-residential markets. Private investors tend to have stronger footholds in the retail and multi-residential sectors of Los Angeles.Avison Young in Los AngelesAvison Young opened its first Los Angeles office in August 2011, forming a base for locations across the Southern California region. The Los Angeles office has a strong affiliation with many of the most notable firms in the entertainment industry and comprises a full-service real estate platform. L.A. brokers serve tenants, landlords and investors while sharing knowledge in all aspects of the real estate industry. The Los Angeles office also works very closely with many of the Avison Young offices located throughout the United States and Canada. Media conta...

...k Fieder Area Overview Situated on the shores of Lake Ontario, Toronto is the capital of the province of Ontario and, with a population of more than 2.6 million, the largest city in Canada and the fifth largest in North America. Including the surrounding suburbs, the Greater Toronto Area has more than 5.5 million residents. This number is expected to grow to nearly 7.5 million by 2031. Diversity and multiculturalism are hallmarks of Toronto life, with nearly 50% of city residents born outside of Canada as of the last census. More than 180 languages and dialects are spoken by Toronto’s citizens, offering employers a labour pool well-suited to doing business around the world.Toronto is considered the financial capital of Canada – home to more corporate headquarters than any other Canadian city, along with the country’s five largest banks, many of its largest insurers and pension plan funds, and the Toronto Stock Exchange, which is the second largest in North America and lists more energy and mining stocks than any other in the world. In addition, the city is an important base of operations for publishing, media, telecommunications, film production and information technology.MarketsOfficeToronto is Canada’s largest office market, and among the five largest in North America, with inventory in excess of 168 million square feet. Toronto’s office market houses a diverse tenant base, including financial and professional services, law firms, and the head offices of resources and mining companies. The last five years have seen a revival in development projects in the city’s downtown, expanding the traditional boundaries of the district as new building sites have been located both within and just outside the downtown core. Office submarkets along the subway lines in midtown and at the north end of the city offer good alternatives within the city limits, while the suburbs also boast a wide selection of spaces.RetailWith more than 5 million consumers in the Greater Toronto Area, the city’s stock of retail real estate has historically enjoyed low vacancy rates and stable rental rates. Regional malls and big-box centres scattered across the region augment the city’s smaller plazas and local shopping amenities. As Canada’s largest retail market, Toronto has attracted the attention of retailers from around the world. Over the past five years, high-end retail chains have contributed to the up-market transformation of the posh Bloor-Yorkville area, creating the city’s premier designer-brand shopping district.IndustrialWith more than 850 million square feet of space, the Greater Toronto Area industrial market is Canada’s largest and among the top three on the continent. Traditionally part of the manufacturing heartland, the area is undergoing a transition from manufacturing to a focus on warehousing, logistics and distribution, with some of the largest logistics and supply-chain management companies operating facilities in the area. With 120 million people living within a 500-mile radius of Toronto, the city benefits from its proximity to the most densely populated part of Canada and the United States, the 400-series highways, cross-border railway distribution lines, and air and sea cargo connections to the rest of the world.InvestmentToronto, like the Canadian market overall, is viewed internationally as a safe, stable and transparent place to invest, and thus has attracted attention from foreign buyers. Given the institutional-grade quality of assets in the city, the size of the market and the high profile it enjoys among the international commercial real estate investment community, it is not surprising that Toronto captures the lion’s share of dollar volume in the Canadian investment market.Avison Young in TorontoAvison Young’s presence in Toronto began with the founding of Avison & Associates in 1989 and has grown steadily ever since. Avison Young’s brokerage team in Toronto has consistently completed major leasing and investment sales transactions involving all types of assets on behalf of tenants, landlords, vendors and buyers alike, including many large national and international corporate clients. As Toronto serves as the national headquarters for many corporations, Avison Young’s Toronto office frequently partners with the company’s brokerage operations in both Canada and the United States, collaborating on transactions for branch offices, distribution and retail facilities across the continent. Media contacts...

...ael Church Area OverviewLocated on the Ottawa River on the border between the provinces of Ontario and Quebec, Ottawa was formerly a logging town before it was named as the new capital of Upper and Lower Canada by Queen Victoria in 1857. The headquarters of the federal government in Canada, Ottawa has traditionally been viewed as a government town. Over the last 25 years, that perception has certainly changed as the technology sector has taken a position of prominence in the employment makeup of the region.Ottawa’s economic profile is considered one of the most stable and predictable in North America. With the federal government providing core financial stability through its employment base, the technology and tourism sectors have taken a leading role in the steady gains in job opportunities during the last two and a half decades. Unlike other economic growth centres across the country, Ottawa’s economy is one of slow but predictable growth.The National Capital Region, which includes both sides of the Ottawa River, including the City of Gatineau in Quebec, has a population of approximately 1.25 million inhabitants, making it the fourth-largest metropolitan centre in the country. Ottawa proper has a population of 925,000 people.MarketsOfficeDue to the strong presence of the federal government and its dominance as the largest tenant in privately-held office buildings in the region, Ottawa’s 46 million square feet of office space boasts one of the lowest vacancy rates in the country. Outside of government, office tenancies tend to be smaller than most other economic centres, with tenancies averaging 5,500 square feet across the region. Larger tenancies tend to be based in the core, while the technology sector is the dominant large-space user in the West End submarket of Kanata.RetailWith a well-educated, bilingual workforce, very low unemployment relative to the rest of the country, and what is considered by many as the most affordable large city in which to live, Ottawa’s retail sector has witnessed steady growth in recent years. American retailers have discovered this region, as many of the urban developments that have sprung up during the recent housing boom are now being serviced by retail centres with an increasing variety of new shopping concepts. Still under-serviced on a per-capita basis, retail developers continue to see excellent returns on their development projects in the region.IndustrialOttawa’s industrial market can be characterized as small but well suited for its purposes. Located 60 kilometres from the Highway 401 transportation corridor, Ottawa is very much at the end of a spoke on many of the hub-and-spoke distribution centres that dot the route. With the west island of Montreal a short 200 kilometres away and the U.S. border 60 kilometres from the city limits, major distribution facilities are absent from the product mix in the region. Most new industrial product can be broken down into 5,000-square-foot bays and, in keeping with the service nature of industrial tenancies that dominate the tenant rolls in the region, many properties feature an office component.InvestmentOttawa’s stable workforce and low vacancy rates in both the office and multi-residential investment grade assets have created a very desirable investment climate for both offshore and domestic investors. Multi-residential properties never make it to the open market as multiple bidders present offers in what turn into private auctions for well-connected dominant players. Trophy office assets and the occasional good-quality industrial property that make it to market also face multiple bids. Steady and consistent, albeit not spectacular rates of return, are hallmarks of the Ottawa investment market. Consequently, Ottawa provides something that many investors are looking for – a safe place in which to invest capital.Avison Young in OttawaOne of the firm’s newer offices, Avison Young’s Ottawa office opened in April 2008. As part of a lean, streamlined team of professional staff and support workers, brokers focus on tenant-representation and small investment-sale mandates. This National Capital Region office continually works on assignments for some of Canada’s leading professional-services firms, and oversees leasing mandates across the country. Media contacts:&...

...van Allen Jr. Boulevard, NW Suite 900 Atlanta, GA 30308-3035United States Map Phone: ... ... Dils Area OverviewIncorporated in 1847, Atlanta owes its existence to the railroads. Located at the southern extremity of the Appalachian Mountains, Atlanta became the gateway through which most traffic had to pass between the southern Atlantic Seaboard and regions to the west. Today, Atlanta is a major business city, which boasts the country’s third largest concentration of Fortune 500 companies; and home to the world headquarters of corporations such as the Coca-Cola Company, Turner Broadcasting, The Home Depot, AT&T Mobility, UPS, and Delta Air Lines. The city is also the primary transportation hub of the Southeastern United States (via highway, railroad and air), with Hartsfield-Jackson Atlanta International Airport being among the world’s busiest airports and providing Delta Air Lines with the world’s largest airline hub. Atlanta consistently ranks as one of Fortune Magazine's Top 10 Best Cities for Business. Business environment and quality of life also consistently place Atlanta at the top of major U.S. metropolitan areas for working, living and playing. More than 75% of Fortune 1000 companies have business operations in the metropolitan area. Since 1990, more than 300 companies have relocated their U.S. or regional headquarters here. According to the U.S. Census, the 28-county Atlanta region population ranks as the fastest-growing metropolitan statistical area (MSA) in the nation. By 2020, the area is forecasted to be the sixth largest metro area in the country with a population of more than 7 million.MarketsOfficeConsidered a world-class business center, Atlanta’s office market totals more than 295 million square feet. The bulk of Atlanta’s office market centers along Peachtree Street, running from Downtown to Buckhead. More than 53 million square feet of space either exists or is under construction, proposed or planned in the submarkets that run along Atlanta’s prime address. In the last decade, businesses in Atlanta have absorbed, on average, more than 3 million square feet of office space annually. Downtown serves as home to more than 430 recognized Fortune 500 companies and 140,000 office workers employed in approximately 5,000 businesses – the highest concentration of businesses in the Metro Atlanta region.RetailWith nearly 350 million total square feet of retail, Atlanta has a lot to offer avid shoppers, ranging from large, affordable stores to upscale options to local, creative boutiques. Countless regional malls, outlet malls, and high-end lifestyle centers are spread throughout the metro area and are easily accessible. In addition to the almost 5 million shoppers living in the metro area, Atlanta’s retail market benefits from its proximity to the major I-75, I-85 and I-20 highways and the world’s busiest airport, which make it easy for people in the surrounding areas and states to visit Atlanta for a shopping/dining/entertainment experience.IndustrialAtlanta is the largest industrial market in the Southeast with more than 639 million square feet of space. Over the past decade, companies have absorbed 11 million square feet of industrial space annually. Key industries in Atlanta include petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber and mining. Major industrial areas include agricultural products, capital goods, telecommunications equipment, motor vehicle parts, office machines, electric power machinery and consumer goods. With three major interstate highways intersecting in Atlanta and an extraordinary concentration of rail systems, trucking companies, warehouse and distribution centers, Atlanta’s logistics infrastructure and capabilities are unrivalled. Over the past decade, the city’s industrial real estate sector has gained from the addition of more than 14,000 green jobs. With more than 43,000 green jobs in total, Atlanta ranks in the top-10 clean economies in the U.S.InvestmentThe city is a center for services, business, higher education, information technology, and finance. Atlanta’s strengths include a diverse economy, strong in-migration and population growth (more than 1.1 million new residents from 2000-2008), and a business-friendly environment. These factors have made Atlanta very attractive to foreign investors. The 2,000-plus foreign-owned business facilities in Metro Atlanta make up more than 80% of all international facilities in Georgia. International companies employ more than 115,000 people in the region.Avison Young in AtlantaLaunched in early 2010, Avison Young’s Atlanta office has grown to more than 60 employees with approximately 20 million square feet of property under management. Led by top professionals, the Atlanta brokerage has built a broad platform covering all industry sectors. Atlanta serves as the hub of Avison Young’s Southeast expansion, partnering with many of the company’s other U.S. offices on several projects. Avison Young’s Atlanta-based Southeast Capital Markets Group also works frequently with the firm’s Canadian offices, particularly Toronto and Vancouver, to assist Canadian investors with cross-border investments in commercial and multi-residential property located in the Southeastern and Sunbelt markets. ...