Office

Suprisingly high levels of absorption are offsetting  the pending concerns over surplus space being brought to the market by the Provincial Government.  We anticipate a slight tightening of the market in the spring and then a mild softening for the remainder of the year.  

Retail

Steady market. Rates, especially high end, are off a little.  The re-location of The Bay store to downtown, will likely have a positive impact on the downtown core.

Warehouse

Vacancy rates and rental rates are steady.  Perceived lack of options for specific large requirements.

Investment

Strong demand for income producing investments, Cap rates are from 8% for "trophy" commercial properties, 9% to 10% average and more marginal investments are 11% plus.