Commercial Real Estate Market Report from Cresa Toronto

1. The
Tenant’s
Perspective
GREATER TORONTO AREA
OFFICE MARKET REPORT
Q1 2016
CRESA TORONTO INC., BROKERAGE
170 University Avenue
Suite 1100
Toronto, ON M5H 3B3
416.862.2666
Connect with us and get up-to-date information:
@CresaToronto cresa.com/toronto

2. Table of
Contents
3 GTA
5 Downtown Toronto
7 Midtown Toronto
9 GTA North
11 GTA East
13 GTA West
15 About Cresa
Page 2
DISCLAIMER
The information contained herein was obtained from sources which we deem reliable and, while thought to be
correct, is not guaranteed by Cresa Toronto Inc., Brokerage. Acknowledgement: Data for graphs, charts and
tables used in this report are sourced from Cresa Toronto Inc., Brokerage and CoStar. Some of the data in this
report has been gathered from third party sources and has not been independently verified by Cresa Toronto
Inc., Brokerage. Cresa Toronto Inc., Brokerage makes no warranties or representations as to the completeness
or accuracy thereof.

3. Page 3
GTA
MARKET UPDATE
AVAILABILITY
2015
Q4
2016
Q1
Midtown Toronto 6.6% 7.0%
Downtown Toronto 8.2% 8.8%
GTA North 8.6% 7.3%
GTA East 10.0% 10.4%
GTA West 14.7% 14.6%
OVERALL 9.8% 9.9%
While all five major nodes across the GTA experienced
positive absorption in Q1, the vacancy rate remained
unchanged at 7.2% for the third consecutive quarter.
This was due to the overall absorption of 1,806,111 SF
being offset by 1,734,200 SF of new supply that was
added to the market.
After the delivery of Bay Adelaide East in the Down-
town Node, the amount of space under construction
decreased to 4,722,179 SF, the lowest it has been in
the last 3 years. Just over 3.1 million square feet of this
space is scheduled to be delivered to the market over
the balance of the year, which will put considerable up-
ward pressure on vacancy rates. There are a number of
‘proposed’ buildings, especially in tighter markets such
as Downtown West, that will likely transition to ‘under
construction’ over the next couple of quarters as larger
tenants in these markets do not have a significant num-
ber of options in existing buildings that can accommo-
date their needs.
At 14.6%, Toronto West continues to have the highest
availability rate across the GTA while Toronto East ex-
hibits the second highest availability rate. Tenants with-
in these nodes are in a good position as they will have
a number of options to choose from and landlords are
offering aggressive inducement packages in order to
compete and attract new tenants.
The most notable investment transaction in Q1 was
Crown Realty Partners and Crestpoint Real Estate
Investments joint purchase of the Allstate Corporate
Centre in Markham. The 575,000 square foot complex
was 93% leased and the purchase price of $148.55
million represented a cap rate of approximately 6.5%.
DISTRIBUTION OF AVAILABILITY
TENANT’S PERSPECTIVE
• As the availability rate across the GTA approaches
10%, most tenants will find that they have many
options when looking for space and aggressive
landlords that will compete for good tenancies
• Some subnodes, such as Downtown West, cannot
accommodate larger users except in ‘proposed’
buildings
SquareFeet
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Downtown Midtown Toronto
North
Toronto East Toronto
West
Class A Class B Class C

4. Page 4
MARKET TRENDS
SIGNIFICANT AVAILABILITIES
04. 315 Front Street W
326,560 SF
07. 2200-2206 Eglinton Ave E
254,235 SF
06. 222 Bay Street
271,905 SF
08. 181 Bay Street
246,179 SF
01. 1150 Eglinton Ave E
403,981 SF
02. 661 University Ave
398,820 SF
03. 40 King Street W
339,054 SF
NOTABLE LEASE TRANSACTIONS
RBC Financial Core 185,733 SF
Capital One Consumers 42,584 SF
Fresenius Kabi ACC/Airport 25,600 SF
BMO Outer Financial Core 22,907 SF
The Ian Martin Group Oakville 22,340 SF
NOTABLE SALE TRANSACTIONS
11/15/17/27 Allstate
Parkway & 80
Frontenac Drive
1,018,087 SF $148,600,000 $146 PSF
1200 Bay Street 120,989 SF $86,750,000 $717 PSF
1 St. Clair Avenue E 81,694 SF $35,000,000 $428 PSF
381-387 Richmond
Street E
44,871 SF $26,000,000 $579 PSF
1100 Burloak Drive 472,973 SF $64,750,000 $137 PSF
363 Adelaide Street E 2,000 SF $1,479,000 $740 PSF
75 International Blvd 89,559 SF $8,500,000 $95 PSF
UNDER CONSTRUCTION
W Completion
1 1 York Street Sep 2016
2 351 King Street East Oct 2016
3 Bay Adelaide East Jun 2017
05. 22 Adelaide Street W
299,701 SF
VacancyRate
SquareFeet
Forecast
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
-500,000
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
Q42015
Q12016
Q22016
Q32016
Q42016
Deliveries Absorption Vacancy

5. Page 5
Downtown
Toronto
MARKET UPDATE
AVAILABILITY Q2 Q3
Financial Core 10.90% 11.90%
Outer Financial Core 7.70% 7.00%
Downtown North 6.20% 6.40%
Downtown South 6.20% 18.10%
Downtown East 6.10% 4.80%
Downtown West 6.80% 6.70%
King/Dufferin 10.30% 8.00%
OVERALL 8.60% 9.40%
Downtown Toronto continues to be the hub of ac-
tivity for the GTA, reporting a positive absorption of
453,341 square feet and 178 leasing deals. The
construction pipeline remains healthy with 9 build-
ings and 4.3 million square feet under construction.
The latest quarter continues to see an increase in
gross rent up $0.47 PSF, which has been the trend
over the last 2 years.
Surprisingly, of the seven subnodes in Downtown
Toronto, the Financial Core is suffering from the larg-
est availability rate of 10.9% surpassing that of the
overall GTA which sits at 9.9%. This availability is
focused on the larger AAA bank towers within the
Core, which is in desperate competition with newer
A class assets within the Financial and South core.
As the trend to migrate to Downtown continues, the
positive absorption trend will also likely continue at
the detriment of the suburban office market. This
does not necessarily indicate that the new supply
will be fully absorbed and there will likely be an up-
tick in vacancy rates downtown as buildings come
to completion.
TENANT’S PERSPECTIVE
• New supply will continue to push landlords to
compete for larger tenants with strong covenants
• Downtown West and Downtown East supply
remains tight as strong demand of brick and
beam assets continues
• Great opportunities available in AAA class assets
within the Financial Core
DISTRIBUTION OF AVAILABILITY
Page 5
Downtown
Toronto
AVAILABILITY
2015
Q4
2016
Q1
Financial Core 10.1% 10.7%
Outer Financial Core 5.8% 5.7%
Downtown North 6.3% 6.6%
Downtown South 10.5% 13.1%
Downtown East 5.2% 4.5%
Downtown West 6.1% 6.3%
King/Dufferin 6.4% 7.2%
OVERALL 8.2% 8.8%
Despite 578,033 SF of positive absorption in Q1, Avail-
ability and Vacancy in the Downtown node remained
relatively flat with only a 0.6% increase in availabili-
ty and a 0.4% increase in vacancy. This was mainly
attributable to the delivery of the 1,048,319 SF Bay
Adelaide Centre.
Downtown East supply remains extremely tight with
only 4.5% of available space despite the expected de-
livery of 351 King Street East in October, which still
has 50,000 SF of available space, representing 25%
of the subnodes entire availability.
Allied Properties REIT is taking advantage of the lim-
ited supply of large blocks in Downtown West by ac-
tively pursuing new development and intensification
projects such as 620 King Street West, the King Port-
land Centre, where Shopify will occupy 44% of the
project, and THE WELL project which is a mixed use
community to be located at the north west corner of
Front Street West and Spadina Avenue.
As expected, Downtown was the leader in the number
and size of transactions in Q1, which resulted in the
highest positive absorption across the GTA. Tenants
are continuing to look at Downtown for its access to a
young, talented labour pool that is becoming harder to
find in the suburban markets.
TENANT’S PERSPECTIVE
• Leasing activity remains healthy Downtown with
strong demand for Downtown East and Downtown
West assets
• Older Class A buildings continue to find it difficult to
compete against new construction
DISTRIBUTION OF AVAILABILITY
MARKET UPDATE
0
50
100
150
200
250
0-5k 5-10k 10-20K 20-50K 50K+
Class A Class B Class C
SquareFeet

6. Page 6
MARKET TRENDS
SIGNIFICANT AVAILABILITIES
01. 661 University Ave
398,820 SF
02. 40 King Street W
339,054 SF
NOTABLE LEASE TRANSACTIONS
RBC Financial Core 185,733 SF
Labatt Downtown South 60,000 SF
Sunlife Financial Downtown South 53,456 SF
Nike Downtown West 22,979 SF
BMO Outer Financial Core 22,907 SF
NOTABLE SALE TRANSACTIONS
381-387 Richmond
Street East
44,871 SF $26,000,000 $579 PSF
363 Adelaide Street
East
2,000 SF $1,479,000 $740 PSF
103 Church Street 19,599 SF $7,000,000 $357 PSF
59 Mutual Street 7,412 SF $8,500,000 $1,147 PSF
UNDER CONSTRUCTION
Completion
1 1 York Street Sep 2016
2 130 Queens Quay Sep 2016
3 351 King Street East Oct 2016
4 20 Wellington Street East Jun 2017
5 100 Adelaide Street West Jun 2017
08. 320 Bay Street
215,958 SF
04. 22 Adelaide Street W
299,701 SF
03. 315 Front Street W
326,560 SF
07. 150 King Street W
240,024 SF
05. 222 Bay Street
271,905 SF
06. 181 Bay Street
246,179 SF
VacancyRate
SquareFeet
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
-400,000
-200,000
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
Q42015
Q12016
Q22016
Q32016
Q42016
Deliveries Absorption Vacancy
Forecast

7. Page 7
Midtown
AVAILABILITY
2015
Q4
2016
Q1
Bloor 5.2% 5.7%
St. Clair 6.0% 5.4%
Eglinton 10.0% 10.7%
OVERALL 6.6% 7.0%
The Bloor and St. Clair nodes have traditionally been
an area of limited availability, due primarily to very
limited inventory as well being located in an area of
easy accessibility. This continues to hold true with
availability rates for Bloor and St. Clair subnodes be-
ing 5.7% and 5.4% respectively. The Eglinton market
has a greater amount of availability as compared to
its midtown counterparts with 10.7%, however, the
Eglinton node will increasingly become more attrac-
tive as the Eglinton Crosstown line nears completion.
With a projected completion date of 2020, we can
expect proposed developments to start construction
in 2017/2018. Currently, there are three proposed
buildings that will add 733,000 SF of inventory.
Slate Asset Management recently acquired 1 St Clair
Avenue East from Scotiabank, the latest piece of an
office-tower portfolio that gives the firm ownership
of all four corners of Yonge and St Clair. Slate pre-
viously aquired 1 St. Clair Avenue West from Evton
Capital Partners, and 2 St. Clair Avenue East and
2 St. Clair Avenue West from GE. Slate`s goal is to
revitalize an aging intersection including moderniza-
tion of building entrances, lobbies, retail podium and
facades.
Overall the Midtown node was very active in Q1 and
experienced positive absorption of 187,849 SF, its
the largest increase in the last 3 years.
TENANT’S PERSPECTIVE
• Slate continues to monopolize the St. Clair node
with its eye on revitalizing the area
• St. Clair and Bloor subnodes continue to have
limited availability, leaving few options for tenants
DISTRIBUTION OF AVAILABILITY
MARKET UPDATE
0
10
20
30
40
50
60
70
80
90
100
0-5k 5-10k 10-20K 20-50K 50K+
Midtown Class A Midtown Class B Midtown Class C
Toronto

8. Page 8
MARKET TRENDS
SIGNIFICANT AVAILABILITIES
07. 20 Eglinton Avenue W
60,865 SF
06. 2 Bloor Street W
66,539 SF
05. 80 Bloor Street W
87,847 SF
08. 151 Bloor Street W
60,479 SF
01. 2 St. Clair Avenue W
119,849 SF
02. 2300 Yonge Street
108,297 SF
04. 7 St. Thomas Street
93,948 SF
03. 50 Charles Street E
99,000 SF
NOTABLE LEASE TRANSACTIONS
Turner & Townsend St. Clair 10,000 SF
Strategic/Ampersand Bloor 5,159 SF
Consulate General of Spain Bloor 5,063 SF
World Society for the
Protection of Animals
Eglinton 3,809 SF
NOTABLE SALE TRANSACTIONS
1 St. Clair Avenue East 81,694 SF $35,000,000 $428 PSF
1200 Bay Street 120,989 SF $86,750,000 $717 PSF
UNDER CONSTRUCTION
Completion
1 2300 Yonge Street (Addition) Mar 2016
2 7 St. Thomas Street Sep 2016
3 50 Charles Street East Dec 2016
VacancyRate
SquareFeet
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
-150,000
-100,000
-50,000
0
50,000
100,000
150,000
200,000
250,000
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
Q42015
Q12016
Q22016
Q32016
Q42016
Deliveries Absorption Vacancy
Forecast

9. Page 9
AVAILABILITY
2015
Q4
2016
Q1
North Toronto Region 10.5% 9.8%
North Yonge Corridor 8.7% 8.3%
Vaughan 9.0% 8.6%
North York West 8.1% 4.8%
OVERALL 8.6% 7.6%
The Toronto North node experienced its third consecu-
tive quarter of positive absorption with 197,000 SF in Q1
2016. Availability rates dropped a full percentage point
to 7.6% to end the quarter.
As part of the Vaughan Metropolitan Centre (VMC) 442
acre redevelopment, Vaughan introduced the KPMG
Tower with 365,000 SF of which 200,000 SF is still avail-
able for lease. Currently, there are two other buildings
under construction, 7777 Weston Road and 1275 Finch
Avenue West for a total 300,000 SF. Vaughan continues
to push its work, live, play agenda.
The North Yonge Corridor, which runs along Yonge
street and extends from York Mills Road/Wilson Avenue
north to Steeles Avenue, accounted for 94,889 SF of the
197,000 SF of positive absorption for the node. Leasing
activity was as its highest level in the last two years, as
the gross rental rate inched up for the second consecu-
tive quarter to $40.02 PSF from $39.81 PSF.
Overall, Toronto North is a well balanced market which
has averaged quarterly absorption of 40,000 SF over
the last few years, with availability rates just below that
of the GTA average. It is expected that activity will pick
up with the completion of the TTC subway station at
Highway 7 and Highway 400, expected for late 2017.
TENANT’S PERSPECTIVE
• Development of Vaughan Metropolitan Centre (VMC)
is creating a suburban opportunity to ‘work, live, play’
• Toronto North is becoming more accessible than
ever with the introduction of the Spadina TTC subway
extension
DISTRIBUTION OF AVAILABILITY
GTA
North
MARKET UPDATE
0
20
40
60
80
100
120
0-5k 5-10k 10-20K 20-50K 50K+
Class A Class B Class C

10. MARKET TRENDS
SIGNIFICANT AVAILABILITIES
04. 5140 Yonge Street
80,833 SF
08. 5775 Yonge Street
43,665 SF
06. 5255 Yonge Street
58,573 SF
01. KPMG Tower
198,820 SF
02. 4711 Yonge Street
144,002 SF
03. 4101 Yonge Street
128,292 SF
07. 3080 Yonge Street
52,552 SF
05. 100 Sheppard Ave E
78,239 SF
UNDER CONSTRUCTION
Completion
1 35 Tangiers Road Jun 2016
2 7777 Weston Road Sep 2016
VacancyRate
SquareFeet
Page 10
* No Notable Lease Transactions
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
-100,000
-50,000
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
Q42015
Q12016
Q22016
Q32016
Q42016
Deliveries Absorption Vacancy
Forecast
NOTABLE LEASE TRANSACTIONS
NOTABLE SALE TRANSACTIONS
250 Canarctic Drive
West
27,494 SF $3,150,000 $115 PSF

11. Page 11
AVAILABILITY
2015
Q4
2016
Q1
Consumers 16.0% 15.3%
DVP North/Duncan Mill 7.4% 2.8%
DVP South/Don Mills/Eglinton 14.8% 15.1%
East Toronto Region 5.7% 5.7%
Gordon Baker/Victoria Park 8.7% 9.4%
Markham/Richmond Hill 9.8% 9.8%
Scarborough 7.7% 12.7%
South East Toronto Region 11.6% 10.3%
Steeles/Woodbine 9.8% 9.0%
OVERALL 10.4% 10.5%
The Toronto East node witnessed a drop in vacancy
dipping to 8.4% versus 9.0% from the previous quar-
ter. This was mainly attributed to the strongest quar-
terly absorption in over a year with 270,313 SF and
a lack of new deliveries in Q1 2016. Construction
activity is slow with only 4 properties and 483,925
SF currently underway. Delivery of the Aviva building
at 7980 Birchmount Road in Markham is expected
in April, adding 370,000 SF, with 81,000 SF still avail-
able to the market.
The struggling Consumers Road node received
some attention with Capital One signing a 42,584
SF lease for their call centre operations. This trans-
action helped lower the availability rate from 16.0%
to 15.3%. Despite the transaction, the Consumers
Road node still has significant availabilities in Atria II,
235 Yorkland Blvd and 251, 255 and 250 Consumers
Road, all with availabilities greater than 25%.
DVP South/Don Mills/Eglinton continues to be an
area of heavy competition with an availability rate
of 15.1%, which is up slightly from 14.8% from the
previous quarter. There is currently no new devel-
opment under construction and there has not been
since Q1 2015.
TENANT’S PERSPECTIVE
• Landlords in the Consumers Road node offering
very aggressive packages for Tenants of all sizes
• Despite proximity to Highway 401 and Sheppard
Subway line, demand remains relatively muted for
the Consumers Road node
DISTRIBUTION OF AVAILABILITY
GTA
East
MARKET UPDATE
0
50
100
150
200
250
0-5k 5-10k 10-20K 20-50K 50K+
Class A Class B Class C

12. Page 12
MARKET TRENDS
SIGNIFICANT AVAILABILITIES
07. 169 Enterprise Ave
85,800 SF
06 789 Don Mills Rd
87,259 SF
05. 2235 Sheppard Ave E
90,886 SF
01. 1150 Eglinton Ave E
403,981 SF
08. 111 Gordon Baker Rd
82,262 SF
04. 101 McNabb St
154,000 SF
03. 1-3 Concorde Gate
164,943 SF
NOTABLE LEASE TRANSACTIONS
Capital One Consumers 42,584 SF
Reliance Home Comfort Consumers 37,000 SF
Everlink Payment Services Markham/Richmond Hill 17,905 SF
Marketplace
DVP South/Don Mills/
Eglinton
4,718 SF
NOTABLE SALE TRANSACTIONS
Allstate Corporate
Centre & 80
Frontenac Drive
101,809 SF $14,860,000 $146 PSF
75 Commerce Valley
Drive East
81,290 SF $12,100,000 $149 PSF
UNDER CONSTRUCTION
Completion
1 7980 Birchmount Road Apr 2016
2 Hwy 7 & South Park Road Sep 2016
3 2201 Markham Road Oct 2016
4 833 Passmore Avenue Dec 2016
5 300 Silver Star Boulevard Dec 2016
VacancyRate
SquareFeet
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
-400,000
-300,000
-200,000
-100,000
0
100,000
200,000
300,000
400,000
500,000
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
Q42015
Q12016
Q22016
Q32016
Q42016
Deliveries Absorption Vacancy
Forecast
02. 2200-2206 Eglinton Ave E
254,235 SF

13. Page 13
GTA
West
AVAILABILITY
2015
Q4
2016
Q1
427 Corridor/Bloor/Islington 19.5% 20.1%
Airport Corporate Centre/Airport 19.7% 19.8%
Brampton 8.4% 10.2%
Burlington 14.4% 14.5%
Mississauga City Centre 15.8% 14.6%
Hwy 10/Hwy 401 11.5% 12.4%
Meadowvale 19.4% 18.5%
Mississauga South 6.7% 7.2%
Oakville 14.1% 14.4%
West Toronto Region 8.1% 7.3%
OVERALL 14.8% 14.7%
The Toronto West node continues to suffer from the
highest overall availability and vacancy rates in the
GTA of 14.7% and 11.6% respectively. The Class A
assets have the highest availability at 18% forcing
inducements to attract tenants. This has resulted in
248,934 SF of positive absorption to kick off 2016 re-
sulting in the highest quarterly absorption over the last
2 years.
Despite the high availability rate, Toronto West still has
a number of projects under construction slated for
completion this year, totalling 613,000 SF. 5 of the 8
buildings are located on Speers Road in Oakville and
account for 240,000 SF.
LaSalle Investment Management completed the pur-
chase of the Burloak Towers for $64,750,000, which
includes a portfolio of four office buildings in Burling-
ton. The 435,000 SF complex comprised of 1100 Bur-
loak Drive and 5575, 5515 and 5420 North Service
Road is 83% leased to tenants that include a variety of
large financial, pharma and technology companies. It
is expected that LaSalle Investment Management will
introduce a number of capital improvements including
modernization of lobbies and new roofs among other
upgrades.
TENANT’S PERSPECTIVE
• Tenants continue to have many options throughout
most subnodes in Toronto West
• Landlords continue to entice Tenants with large
inducement packages
DISTRIBUTION OF AVAILABILITY
MARKET UPDATE
0
50
100
150
200
250
300
350
0-5k 5-10k 10-20K 20-50K 50K+
Class A Class B Class C

14. Page 14
MARKET TRENDS
SIGNIFICANT AVAILABILITIES
01. 5015 Spectrum Way - 2
235,000 SF
02. 501 Alliance Ave
226,118 SF
NOTABLE LEASE TRANSACTIONS
Fresenius Kabi ACC/Airport 25,600 SF
The Ian Martin Group Oakville 22,340 SF
EMC Corporation ACC 14,233 SF
Bioscript Solutions Oakville 9,595 SF
NOTABLE SALE TRANSACTIONS
5420/5575/5515 N
Service Road & 110
Burloak Drive
472,973 SF $64,750,000 $137 PSF
2010 Winston Park
Drive
79,131 SF $19,725,000 $249 PSF
375-385 The West Mall 50,000 SF $10,000,000 $200 PSF
75 International Blvd 89,559 SF $8,500,000 $95 PSF
UNDER CONSTRUCTION
Completion
1 235 Speers Road - Building 3 & 4 April 2016
2 235 Speers Road - Building 1 & 2 May 2016
3 55-71 Speers Road May 2016
4 255 Longside Drive May 2016
5 2727 Meadowpine Boulevard Jul 2016
04. 2727 Meadowpine Blvd
150,000 SF
03. 2201 Bristol Circle
208,380 SF
05. 6875 Financial Drive
125,786 SF
06. 5015 Spectrum Way - 1
125,000 SF
07. 2455 Meadowpine Blvd
114,760 SF
08. 6715 Airport Road
112,537 SF
VacancyRate
SquareFeet
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
-400,000
-200,000
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
Q42015
Q12016
Q22016
Q32016
Q42016
Deliveries Absorption Vacancy
Forecast

15. Page 15
About
Cresa
Cresa provides customized solutions exclusively for corporate
space users by offering fully integrated services that align real
estate needs with business objectives, delivering maximum cost
savings and exceeding expectations.
Michael Wasyliw
Principal, Sales Representative
mwasyliw@cresa.com
416.862.2666
FOR FURTHER
INFORMATION
CONTACT:
Hafiz Abdulla
Advisor, Finance and Research
habdulla@cresa.com
416.862.2666