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... Professionals Listings Services Research 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. Media contacts: ...

... Research About Mailing Address 245 Park Avenue... ...212.729.7140 MarketsOffice The Manhattan office market consists ... ...e than 430 million square feet and is the nation’s largest commercial market. Iconic buildings such as the Empire State and Chrysler buildings pierce the Midtown skyline.  Midtown is the core of the market, while Midtown South is a mecca for the creative and technology sectors.  Lower Manhattan or Downtown is home to Wall Street, the heart of the United States’ banking and financial markets and the World Trade Center. Since New York is one of the world’s most international cities, many foreign companies have a major presence here.RetailThe retail market in Manhattan is one of largest in the United States, supported by robust tourism as well as a dense and comparatively affluent local consumer base. With street level retail on most major streets and avenues, the landscape is very diverse.  The areas of upper Fifth and Madison Avenues, in Midtown, are among the most sought after in the world.  Major retailers including Saks Fifth Avenue and Bergdorf Goodman line Fifth Avenue, while luxury brands such as Louis Vuitton, Tom Ford and Hermes are located along Madison Avenue.  Closer to Midtown South and Downtown, art galleries and showrooms gravitate towards the trendy neighborhoods of Soho and the Meatpacking District. IndustrialWith unprecedented access to air and sea ports, the tri-state region is one of the largest industrial markets in the United States.  Northern New Jersey is the largest industrial market in the region with over 225 million square feet of warehouse, distribution and manufacturing space.  Both JFK and Newark Airports offer unprecedented access to international markets and cargo.InvestmentGiven the size and scope of the Manhattan office market, investment interest is very strong.  Both institutional and individual investors alike are active in the market.  The surge in foreign and domestic capital seeking Manhattan real estate has not waned and demand still exceeds supply.  Sales volume has risen over the last year as commercial real estate fundamentals have improved.  Total volume in 2011 was much higher than that in 2010 but remains well-below peak levels recorded at the height of the market in 2007. Investment demand is asset-specific, with institution capital competing for trophy core assets and driving pricing near or beyond all-time highs for office, luxury retail and multi-family assets. Private investors compete alongside institutional capital for multi-family properties with strong fundamental through the New York metro area, with demand for retail and office ownership varying substantially through the submarkets at the periphery of the area based on the base employment and demographic composition unique to each. Avison Young New YorkAvison Young’s expanding presence around the globe included the opening of our New York office in 2012. As a global hub of international business and commerce, New York City serves as the core of one of the largest economies in the world.  Our exclusively selected best-of-class advisors provide comprehensive consulting and real estate services to leading corporations throughout the world.Avison Young’s principals deliver results that are aligned with strategic business objectives, supporting real estate initiatives that add value and build competitive advantage for our clients.  Our advisors are industry experts in tenant and landlord representation (Office, Retail and Industrial), capital markets (Investment sales, Debt and Equity placement and Note sales) and valuation, providing clients with a full range of consulting and valuation services.  With our seamless integration of services for our clients, we also perform project and investment management, third-party asset acquisitions and property management.  Avison Young’s preeminent New York team is built around the intellectual capital of its advisors, consultants and professionals.  Our best-in-class strategy and team-centered approach positions our firm to execute the most complex real estate transactions and exemplify our client-integrated approach model.  As a world-class organization, our New York advisors work rigorously with our Avison Young partners throughout the firm and provide acute transaction strategy to ensure clients are provided with the full scope of our experience and cap...