With a historically low vacancy rate and an exciting future outlook, the evolving Toronto office space market is on the cutting edge of what employers are looking for. What are the latest trends and how are developers keeping up? How does a record low vacancy rate impact the market? What can growing companies do to plan for the future? Brendan Sullivan of CBRE is here to answer these questions and more about office leasing in Toronto.
Topics covered include:
- Office space design trends and demands today versus 20 years ago.
- The tenant type driving growth over the last 10 years.
- Direct dispatch elevators, patios, creative lobby space and other cutting edge amenities.
- How Toronto’s record low vacancy rate impacts the market for tenants and landlords.
- How developers are keeping up to make buildings more attractive and improve the human experience.
- WELL Certification: Sit/stand desks, antibacterial surfaces, nearness to natural light, and more.
- Leases that provide the necessary flexibility for growing companies.
- The outlook for growth in Toronto for years to come, as it evolves into a global city.
- Menkes Innovation Centre (link).
- The documentary “The Human Scale” (link)
This episode was recorded on-site at CBRE’s downtown office. To see what this beautiful space looks like click here.
In the news….
A bit about our guest…
Since joining the CBRE in 2010, Brendan has completed over 400 lease transactions with an aggregate value of over $550M.
Recognized as a young leader by both clients and peers, Brendan was awarded in 2016 as the NAIOP Developing Leader, CBRE’s Broker Choice Award in 2014 and 2016 and a finalist for the 2016 SIOR Young Professional of the Year. Brendan has been highlighted as an industry leader by the Globe and Mail, as well as RENX.ca, an industry website focusing on commercial real estate.
Prior to joining CBRE, Brendan worked at DTZ Barnicke where he held an advisory role managing several key accounts within the Client Services Group. In 2009, Brendan was recognized as a top-performing broker with the DTZ Barnicke’s Chairman’s Circle Award. Brendan is involved with the real estate community as a co-chair for the National Association of Industrial and Office Professionals (NAIOP) REX Awards, and he co-chairs the Education Series for the Society of Industrial and Office Realtors (SIOR). An active member of the community, Brendan is a co-chair of the JDRF Ride to Cure Diabetes, helping to raise over $3.5M for diabetes research. He is also a member of his church’s Knight of Columbus charitable organization.
Brendan Sullivan: LinkedIn