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About
Mailing Address
18 York Street, PwC Tower Suite
400, Mailbox #
4
Toronto, ON M5J 2T8Canada
Map
Phone:
416.955.0000
Fax:
416.955.
0724
Managing Director:
Mark Fieder
Area OverviewSituated 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.
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