Eagle Quest Properties

A surge in office construction in Toronto’s downtown may push the city’s vacancy rate higher than New York and Boston after developers added space during the first recession in 17 years.

The proportion of empty space in Toronto’s office market, lower than the 12 largest U.S. business districts last year, will more than triple by 2011 to 13.6 percent, according to Cushman & Wakefield Inc. Brookfield Properties Corp., Cadillac Fairview Corp. and Menkes Developments Ltd. each added a glass skyscraper to the downtown of Canada’s most populous city in the last five months.

via Toronto Office Vacancies May Top Boston, Manhattan (Update1) – Bloomberg.com.

The anticipated increase in container capacity promises to create opportunities for owners and developers of industrial land.

“Owners of industrial property are in a very good position these days,” said Tom Winkler, chief strategic development officer for Port Metro Vancouver, the entity formed in January, 2008, with the amalgamation of the Fraser River, North Fraser and Vancouver port authorities.

via Port Metro Vancouver steams ahead – The Globe and Mail.