Project Management

Canada office construction 2016

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Canada Construction Chart of the week: April 4, 2016 Will the peak of office construction trigger the next wave of activity focused on (repositioning) existing inventory? • Over 15 million square feet of office construction delivered nationwide between 2014 and 2015. This surge in new construction was driven by the demand for more efficient space, consolidation and preference for LEED-designed buildings. • The current development cycle will peak in 2016 as 6.5 million square feet is added to the office inventory across five major markets in Canada. Source: JLL Research 2014 2015 2016F 2017F 2018F 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 Toronto Montreal Edmonton Calgary Vancouver Square feet

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