Cushman & Wakefield Occupier Research - Oil: The Commodity We Love to Hate

CANADA

MARKETS MARKET INDICATORS

CALGARY

EDMONTON

ST. JOHN’S

Job Growth

20

0.0 0.3 0.6

20

10

0

-0.6 -0.3

0

-20

Thousand people

Thousand people

Thousand people

CBD Class A Office Absorption

-100 0 100 200 300

-200 -100 0 100 200 300

-1.5 -1.0 -0.5 0.0 0.5 1.0

Million sq ftt

Thousand sq ft

Thousand sq ft

CBD Class A Office Vacancy

10% 15% 20%

0% 10% 20% 30%

0% 10% 20% 30%

0% 5%

Rent Growth (Q2 15 - Q2 16)

20%

20%

20%

15%

15%

15%

-28.6%

10%

10%

10%

5%

5%

5%

0%

0%

0%

-5.8%

-1.7%

Landlord/Tenant (Q2 16) ( 5 year average availability ratio)

15% 20% 25% 30% 5% 10%

15% 20% 25% 30% 5% 10%

15% 20% 25% 30% 5% 10%

Rent Growth Forecast (Q2 16 - Q2 17)

Pipeline (Completions - Q2 16 - Q4 18)

4,355,524 sq ft

1,897,047 sq ft

251,600 sq ft

Source: Oxford Economics, Moody’s, City Statistics Bureau, Cushman and Wakefield Research

18 / Oil: The Commodity We Love to Hate