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Year in Review Breakfast - 2020
33
WELCOME
Ottawa Art Gallery
Ottawa Art Gallery fosters connections between artists and the diverse members of our broader community.
OLIVER TIGHE
MICHAEL PYMAN
Executive Managing Director, Valuations & Advisory Services
Associate Vice President, National Investment Services
The Speakers
AGENDA
Agenda
- Ottawa 2019
- Transaction Activity
- Industry Verticals
- Office
- Retail
- Multi-family
- Industrial
- Recap
- Pop Quiz
Ottawa
OTTAWA
2019 in Review
Record Year!
$1,800,000,000
Activity
20% Increase Year over Year
Home Prices
Increasing home prices
Average Home Prices
Riverside South
Kanata
506 Fordell Avenue
353 Cooks Mill Cres.
Paired Sales
SOLD PRICE
SOLD DATE
SOLD PRICE
$340,900
$446,700
$396,000
$535,000
14-JUN-17
26-JAN-20
28-MAY-16
19-NOV-19
+35.10%
+31.04%
New Home Construction
New Development
Major New Developments
Brigil - Orleans
Bayshore Mall
Ogilvie / Cummings
Top Buyers
#1
$207,500,000
Top Buyers
$165,360,000
#2
$655 Million
#3
$156,000,000
#4
$69,650,000
$56,500,000
#5
Multi-
family
MULTI-FAMILY
$455M
Statistics
- 55% Increase from 2018
CMHC Market Stats
Nuovo Sale
Nuovo Sale
$48,900,000
144 Units
$340k Per Door
Leased Up in
< 6 Months
1971 & 1975 St Laurent
St Laurent Sale
$96,000,000 / $192k Per Door
4.15% Cap Rate
+/- $20k Per Door
Proposed Reno
388 Albert Street
Office Market
OFFICE
Office Market Stats
Market Statistics
Transactions
Major Transactions
Transaction Summary
$592M
Summary
- 28 Transactions
- 1.65% decrease from 2018
DT Office Transactions
Downtown Transactions
50 O'Connor
Sun Life
- 50 % Interest Purchased
- Single Largest Transaction 2019
Trebla Building
$21.8M
473 Albert
473 Albert Street
SOLD DATE
$/PSF
SIZE (SF)
April 2019
$152
143,000
$56.5M
Carling Executive Park
SOLD DATE
$/PSF
SIZE (SF)
6-FEB-19
$274
186,950
Retail Market
RETAIL
$342M
Transaction Stats
- Increased spread in Cap Rates
- -3.17% decrease from 2019
Evolving Retail
Closing Retailers
Hazeldean Mall
Hazeldean
Mall
$
1720 Innes Road
Innes Retail
- $13,900,000 / $293 / SF
- Fully Leased
- Local Buyer
- 6.56% Cap Rate
Strandherd Central
3091 Strandherd Drive
- $15,250,000 / $476/SF
- Local Buyer
- 5.20% Cap Rate
- Fully Leased
- Piece of Minto Retail Portfolio
Industrial
Market
INDUSTRIAL
Transaction Summary
$405M
Summary
- 34% Increase from 2018
Market Statistics
Supply / Demand
Why aren't developers building more industrial?
Cost vs. Value
Value vs. Cost Analysis
Value
1250 Humber Place
Humber Place
Amazon Warehouse Sale
5225 Boundary Road, Ottawa
Amazon Sale
$156,094,349 (90% Interest)
<5.0% Cap Rate
$153 Per SF
500 Palladium Drive
Palladium
$48,500,000
279,388 SF
$174 Per SF
6.39%