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J pold · 11-26-2013, 11:25 AM

Jacobs Canada came out to the market with a 33,064 sf sublease this morning through Cushman & Wakefield. The space has never been occupied so clearly Jacobs over estimated their growth plans and now have this Lease on their books. You now have major sublease space on the market from Worley Parsons, Woodgroup Mustang, and Jacobs Canada with a number of other smaller engineering groups with sublease space on the market.

The downtown has seen some slowdown with their vacancy rate ticking upwards over the last 3 quarters, but the suburban market has remained relatively unchanged. With these new vacancies hitting the market over the past weeks it looks that is going to change.

PROPERTY FACTS

LOCATION Southeast
TOTAL BUILDING SIZE 171,128 sf
NUMBER OF FLOORS 3
YEAR BUILT 2012
PARKING COSTS 49 stalls at no charge
43 stalls at $155.00 (fixed 5 years)
BUILDING CLASS A

LEASE PARTICULARS

AREA AVAILABLE Suite 350 – 33,064 sf
RENTAL RATE $26.50/sf – 5 years
$28.50/sf – 5 years
OP COSTS $11.65/sf (Est.)
POSSESSION Immediately
TERM to December 31, 2023
INDUCEMENTS Virgin space – $40.00/sf

Rendering and Floorplan:

Spoiler!

11-26-2013, 11:25 AM	#22
J pold Franchise Player Join Date: May 2004 Exp:	Jacobs Canada came out to the market with a 33,064 sf sublease this morning through Cushman & Wakefield. The space has never been occupied so clearly Jacobs over estimated their growth plans and now have this Lease on their books. You now have major sublease space on the market from Worley Parsons, Woodgroup Mustang, and Jacobs Canada with a number of other smaller engineering groups with sublease space on the market. The downtown has seen some slowdown with their vacancy rate ticking upwards over the last 3 quarters, but the suburban market has remained relatively unchanged. With these new vacancies hitting the market over the past weeks it looks that is going to change. PROPERTY FACTS LOCATION Southeast TOTAL BUILDING SIZE 171,128 sf NUMBER OF FLOORS 3 YEAR BUILT 2012 PARKING COSTS 49 stalls at no charge 43 stalls at $155.00 (fixed 5 years) BUILDING CLASS A LEASE PARTICULARS AREA AVAILABLE Suite 350 – 33,064 sf RENTAL RATE $26.50/sf – 5 years $28.50/sf – 5 years OP COSTS $11.65/sf (Est.) POSSESSION Immediately TERM to December 31, 2023 INDUCEMENTS Virgin space – $40.00/sf Rendering and Floorplan: Spoiler!