OFFICE STRATEGY PREPARED FOR: CITY OF BRAMPTON REGION O FPEEL CUSHMAN & WAKEFIELD 1 May 4, 2016 Ms. Claudia LaRota Policy Planner Planning and Infrastructure Services City of Brampton 2 Wellington Street West Brampton, Ontario L6Y 4R2 Regarding: Office Strategy Dear Claudia, Cushman & Wakefield has collaborated with The Planning Partnership and Real Estate Search Corporation to provide this Office Strategy report on behalf of the City of Brampton. From a real estate perspective, this report is intended to provide an overview of the local and regional office market; consider the achievable share of office space growth in the future; and review the characteristics of Brampton’s established office concentrations and future development sites. The report also provides an analysis and recommendations regarding planning policy to encourage office development. Finally, an office strategy with an implementation plan and performance measures are provided. We are grateful for the assistance of City staff on this project – in particular in the provision of data and mapping to support our analysis. If you have any questions, please contact the undersigned. Respectfully submitted, Cushman & Wakefield Ltd. Andrew Browning Vice President Valuation & Advisory
[email protected] 416 359 2510 CITY OF BRAMPTON CUSHMAN & WAKEFIELD CITY OF BRAMPTON – OFFICE STRATEGY EXECUTIVE SUMMARY Market Perspectives The City of Brampton seeks to be the preferred GTA Northwest location of choice for office development. As part of its Municipal Comprehensive Review process, the need for an Office Strategy Study was identified. The City needs to establish and implement policies to attract and retain office employment. The main goal of this Office Strategy is to provide strategic policy directions to support the development of the office sector in the city.