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Oct 1, 2024 · CBRE national research managing director Marc Meehan said a gap is emerging between older office buildings, where demand is lagging, and “trophy assets,” which the firm describes as the top...
Oct 2, 2024 · CBRE national research managing director Marc Meehan said a gap is emerging between older office buildings, where demand is lagging, and “trophy assets,” which the firm describes as the top...
Oct 1, 2024 · CBRE national research managing director Marc Meehan said a gap is emerging between older office buildings, where demand is lagging, and “trophy assets,” which the firm describes as the top tier of space within Class A — typically the newest and most state-of-the art properties.
Aug 20, 2024 · Although rising availability and vacancy rates suggest a tenant-favourable market, the demand for premium Trophy-class buildings remains strong, driving up rental rates in prime locations. Rental Rates. The average asking net rental rate across the GTA rose to $27.30 per square foot (psf) by the end of Q2.
- Joanna Gerber
Jul 22, 2024 · In downtown, the average rent climbed by $0.50 to $36.60 psf, driven entirely by so-called trophy buildings — a small, unofficial class of investment-grade properties that lead the industry in cutting-edge technology and high-end design. This asset class saw a sharp increase to $52.60 psf.
Apr 16, 2024 · The construction of 1.1 million square feet of new office space in downtown Toronto throughout 2023 resulted in a negative net absorption of 2.7 million square feet. However, the quality of office space is a notable factor in demand; it is anticipated by some that high-end office spaces will be the first to rebound.
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Is there a gap between old office buildings and 'Trophy assets'?
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Should Trophy assets be re-located to the next quality tier?
Mar 28, 2022 · Increasingly, that dynamic includes trophy office space with modern amenities, natural light, impressive views, clean air, sustainability credentials, and plenty of communal areas where people can interact.
