Q3 2019 SKYLINE REVIEW AN ANALYSIS OF THE EDMONTON DOWNTOWN DISTRICT FINANCIAL CLASS “AA” AND “A” BUILDINGS 40 40 35 35 30 30 25 25 20 20 FLOOR 15 15 10 10 5 5 AA CLASS 1 RETAIL RETAIL RETAIL 1 BUILDING NAME BELL TOWER COMMERCE PLACE EDMONTON TOWER ENBRIDGE CENTRE 1 2 3 4 Address 10104 - 103 Avenue 10155 - 102 Street 101 Street & 104 Avenue 10040 - 101A Avenue Total Available (SF) 129,981 FULLY LEASED 52,576 35,574 Largest Contiguous Space (SF) 24,709 FULLY LEASED 47,748 22,728 Rental Rate (/SF) $23.00 $25.00 $36.00 $36.00 Operating Costs (/SF) $19.19 $21.10 $22.93 $21.24 Underground Parking Costs (/Stall) $450.00 $300.00 $450.00 $450.00 70 70 65 65 60 60 55 55 50 50 RESIDENTIAL 45 45 40 40 35 35 30 30 25 25 20 20 FLOOR 15 15 10 10 A CLASS 5 5 PATIO AA CLASS 1 RETAIL RETAIL RETAIL RETAIL 1 BUILDING NAME EPCOR TOWER HSBC PLACE MANULIFE PLACE STANTEC TOWER 10405 JASPER AVE 5 6 7 8 1 Address 10423 - 101 Street 10250 - 101 Street 10180 - 101 Street 10220 - 103 Avenue 10405 Jasper Avenue Total Available (SF) 66,002 93,117 123,090 75,052 39,200 Largest Contiguous Space (SF) 44,095 59,915 31,093 50,933 13,794 Rental Rate (/SF) $32.00 $36.00 - $38.00 $24.00 $39.00 - $42.00 $22.00 Operating Costs (/SF) $21.44 $24.16 (‘20) $17.81 $20.43 $17.99 Underground Parking Costs (/Stall) $375.00 $320.00 $465.00 $450.00 $340.00 MNP TOWER 10405 JASPER AVE 10235 - 101 Street 10405 Jasper Avenue OCCUPIED DIRECT AVAILABLE SUBLEASE AVAILABLE 96,217 39,200 22,506 13,794 $23.00 $22.00 UPCOMING VACANCIES COMMITTED SPACE RESIDENTIAL/RETAIL/OTHER $20.99 $17.99 $330.00 $340.00 2 Edmonton Skyline Report | Third Quarter 2019 | Edmonton Office Market | Colliers International FINANCIAL CLASS “A” BUILDINGS 40 40 35 35 30 30 25 25 20 20 FLOOR 15 15 10 10 5 5 A CLASS RETAIL 1 RETAIL RETAIL RETAIL 1 BUILDING NAME 9TRIPLE8 JASPER ATB PLACE NORTH ATCO CENTRE CANADA PLACE CWB PLACE 2 3 4 5 6 Address 9888 Jasper Ave 10025 Jasper Ave 10035 - 105 Street 9700 Jasper Ave 10303 Jasper Ave Total Available (SF) 9,122 6,075 FULLY LEASED FULLY LEASED 34,944 Largest Contiguous Space (SF) 5,211 3,488 FULLY LEASED FULLY LEASED 9,959 Rental Rate (/SF) Market Market N/A N/A $20.00 Operating Costs (/SF) $20.10 $18.14 $15.44 (‘19) N/A $18.77 Underground Parking Costs (/Stall) $315.00 $310.00 $290.00 $295.00 $285.00 40 40 35 PARTIAL 35 BUILDING CONVERSION 30 30 25 25 20 20 FLOOR 15 15 10 10 5 5 A CLASS RETAIL 1 RETAIL RETAIL 1 FLOOR BUILDING NAME CECIL PLACE CENTRE POINT PLACE OXFORD TOWER EDMONTON JOURNAL ENBRIDGE TOWER 7 8 9 10 11 Address 10404 Jasper Avenue 10205 - 101 Street 10025 - 102A Avenue 10006 - 101 Street 10201 Jasper Avenue Total Available (SF) 38,953 28,016 20,084 FULLY LEASED 20,000 Largest Contiguous Space (SF) 34,928 28,016 11,186 FULLY LEASED 20,000 Rental Rate (/SF) $20.00 $14.00 $20.00 N/A Market Operating Costs (/SF) $15.44 $14.00 (‘19) $19.83 N/A Market Underground Parking Costs (/Stall) $290.00 $300.00 $320.00 N/A TBD 40 40 35 35 30 30 25 25 20 20 FLOOR 15 15 10 10 5 5 A CLASS 1 RETAIL RETAIL RETAIL RETAIL 1 BUILDING NAME FIRST & JASPER 103 STREET CENTRE JOHN E. BROWNLEE MNP TOWER PHIPPS McKINNON 12 13 14 15 16 Address 10065 Jasper Avenue 10130 - 103 Street 10365 - 97 Street 10235 - 101 Street 10020 - 101A Avenue Total Available (SF) 78,267 158,662 FULLY LEASED 115,541 34,412 Largest Contiguous Space (SF) 67,086 66,104 FULLY LEASED 40,308 11,206 Rental Rate (/SF) Market $18.00 N/A $23.00 Negotiable Operating Costs (/SF) $19.55 $16.49 N/A $20.99 $19.48 Underground Parking Costs (/Stall) $295.00 $350.00 N/A $450.00 $290.00 www.collierscanada.com 3 40 40 35 35 30 30 25 25 20 20 FLOOR 15 15 10 10 5 5 A CLASS RETAIL 1 RETAIL RETAIL RETAIL 1 BUILDING NAME SCOTIA PLACE I SCOTIA PLACE II SUN LIFE PLACE TD TOWER TELUS HOUSE 17 18 19 20 21 Address 10060 Jasper Ave 10060 Jasper Ave 10123 - 99 Street 10088 - 102 Avenue 10020 - 100 Street Total Available (SF) 81,683 148,368 63,433 55,258 168,764 Largest Contiguous Space (SF) 105,269 19,882 27,492 67,069 Rental Rate (/SF) $20.00 $17.00 $23.00 $16.00 - $18.00 Operating Costs (/SF) $18.78 $17.40 $20.43 $17.57 Underground Parking Costs (/Stall) $300.00 $315.00 $320.00 $450.00 FINANCIAL CLASS “B” BUILDINGS 40 40 35 35 30 30 25 25 20 20 FLOOR 780 15 15 10 10 5 5 B CLASS 1 RETAIL RETAIL RETAIL 1 BUILDING NAME 100 STREET PLACE BOARDWALK BUILDING CENTURY PLACE CHANCERY HALL CN TOWER 1 2 3 4 5 Address 10150 - 100 Street 10310 - 102 Avenue 9803 - 102A Avenue 3 Sir Winston Churchill Sq 10004 - 104 Avenue Total Available (SF) 5,863 FULLY LEASED FULLY LEASED FULLY LEASED 36,912 Largest Contiguous Space (SF) 1,976 FULLY LEASED FULLY LEASED FULLY LEASED 13,360 Rental Rate (/SF) $12.00 - $14.00 N/A N/A N/A $16.00 Operating Costs (/SF) $15.52 (‘18) $19.64 (‘18) $9.50 (‘09) $9.50 (‘08) $17.99 Underground Parking Costs (/Stall) N/A N/A $295.00 $295.00 $235.00 40 40 35 35 30 30 25 25 20 20 FLOOR 15 15 10 10 5 5 B CLASS 1 RETAIL RETAIL RETAIL RETAIL 1 BUILDING NAME EMPIRE BUILDING ENTERPRISE SQUARE JAFFER BUILDING MELTON BUILDING MILNER BUILDING 6 7 8 9 10 Address 10080 Jasper Avenue 10230 Jasper Avenue 10355 Jasper Avenue 10310 Jasper Avenue 10040 - 104 Street Total Available (SF) 15,366 FULLY LEASED FULLY LEASED 25,946 54,000 Largest Contiguous Space (SF) 3,711 FULLY LEASED FULLY LEASED 13,074 27,000 Rental Rate (/SF) $14.00 - $16.00 Market N/A $15.00 Market Operating Costs (/SF) $16.50 N/A $14.50 (‘18) $13.83 $18.47 (‘17) Underground Parking Costs (/Stall) N/A N/A N/A N/A N/A 4 Edmonton Skyline Report | Third Quarter 2019 | Edmonton Office Market | Colliers International 40 40 35 35 30 30 25 25 20 20 FLOOR 15 15 10 10 5 5 B CLASS 1 RETAIL RETAIL RETAIL 1 BUILDING NAME REVILLON BUILDING ROYAL BANK BUILDING SCOTIA PLACE III ATB PLACE EAST WORLD TRADE CENTRE 11 12 13 14 15 Address 10237 - 104 Street 10117 Jasper Avenue 10072 Jasper Avenue 10010 - 100 Street 9990 Jasper Avenue Total Available (SF) 23,154 45,580 FULLY LEASED FULLY LEASED 9,161 Largest Contiguous Space (SF) 14,167 12,853 FULLY LEASED FULLY LEASED 9,161 Rental Rate (/SF) $15.00 $15.00 N/A $17.00 $12.00 - $14.00 Operating Costs (/SF) $17.38 $16.82 N/A $18.79 (‘16) $14.74 Underground Parking Costs (/Stall) $260.00 $280.00 $300.00 $310.00 N/A FINANCIAL CLASS “C” BUILDINGS 40 40 35 35 30 30 25 25 20 20 FLOOR 15 15 10 10 5 5 C CLASS 1 RETAIL RETAIL RETAIL 1 CDI COLLEGE BUILDING NAME BEAVER HOUSE BIRKS BUILDING CDI BUILDING OLIVER BUILDING DOWNTOWN 1 2 3 4 5 Address 10158 - 103 Street 10113 - 104 Street 10115 - 100A Street 10004 Jasper Avenue 10225 - 100 Avenue Total Available (SF) 6,461 1,811 24,106 FULLY LEASED FULLY LEASED Largest Contiguous Space (SF) 6,461 575 14,533 FULLY LEASED FULLY LEASED Rental Rate (/SF) $14.00 - $16.00 $15.00 $12.00 N/A N/A Operating Costs (/SF) $12.69 $17.27 $16.09 $9.65 (‘11) $8.00 (‘14) Underground Parking Costs (/Stall) N/A N/A N/A N/A N/A BOMA BEST Certification CaGBC LEED® Structure: BOMA BEST CERTIFIED The Prerequisites and Credits for certification are A building has met all of the BOMA Best Practices. organized in the five principal LEED® categories: These buildings have scores below 60% on the BOMA BEST assessment. • Sustainable Sites BOMA BEST BRONZE • Water Efficiency Buildings that meet all of the BOMA Best Practices and achieve 60% - 69%. • Energy and Atmosphere • Materials and Resources • Indoor Environmental Quality BOMA BEST SILVER Buildings that meet all of the BOMA Best Practices and achieve 70% - 79%. Project ratings are certified by the CaGBC based on the total point score, following an independent review BOMA BEST GOLD and audits of selected Credits of documentation Buildings that meet all of the BOMA Best Practices and achieve 80% - 89%. submitted by a design and construction team. There are four possible levels of certification (certified, BOMA BEST PLATINUM silver, gold and platinum) based on the number of Buildings that meet all of the BOMA Best Practices and achieve over 90%. Credits received. OCCUPIED DIRECT AVAILABLE SUBLEASE AVAILABLE UPCOMING VACANCIES COMMITTED SPACE RESIDENTIAL/RETAIL 5 GOVERNMENT CLASS “A” BUILDINGS 40 40 35 35 30 30 25 25 20 20 FLOOR 15 15 10 10 5 5 A CLASS 1 RETAIL RETAIL 1 BUILDING NAME 44 CAPITAL BLVD DEVONIAN BUILDING FEDERAL BUILDING FORESTRY BUILDING 1 2 3 4 Address 10044 - 108 Street 11150 Jasper Avenue 9820 - 107 Street 9920 - 108 Street Total Available (SF) 13,065 116,260 FULLY LEASED FULLY LEASED Largest Contiguous Space (SF) 13,065 71,050 FULLY LEASED FULLY LEASED Rental Rate (/SF) $18.00 Market N/A N/A Operating Costs (/SF) $15.03 $17.89 N/A $13.78 (‘18) Underground Parking Costs (/Stall) $250.00 $250.00 N/A $200.00 40 40 35 35 30 30 25 25 20 20 FLOOR 15 15 RESIDENTIAL 10 10 5 5 A CLASS 1 RETAIL RETAIL RETAIL 1 BUILDING NAME INTACT BUILDING PARK PLAZA PEACE HILLS TRUST PETROLEUM PLAZA 5 6 7 8 Address 10830 Jasper Avenue 10611 - 98 Avenue 10011 - 109 Street 9915/9945 - 108 Street Total Available (SF) 109,945 24,600 6,375 3,244 Largest Contiguous Space (SF) 84,594 19,600 6,375 3,244 Rental Rate (/SF) Market $20.00 $16.00 $20.00 Operating Costs (/SF) $17.09 $13.98 (‘17) $16.54 $16.31 Underground Parking Costs (/Stall) $300.00 $225.00 $230.00 $280.00 40 40 35 35 30 30 25 25 20 20 FLOOR 15 15 10 10 5 5 A CLASS 1 RETAIL RETAIL 1 BUILDING NAME STANTEC TECHNOLOGY CENTRE STERLING PLACE WSP PLACE 9 10 11 Address 10130/10160 - 112 Street 9934 - 106 Street 10909 Jasper Avenue Total Available (SF) 91,087 5,627 27,938 Largest Contiguous Space (SF) 91,087 3,111 16,911 Rental Rate (/SF) Market $18.00 Market Operating Costs (/SF) $17.10 (‘17) $15.02 $21.08 Underground Parking Costs (/Stall) $100.00 $225.00 $300.00