Research & Forecast Report

BRANTFORDINDUSTRIAL First Quarter 2016

Notable Lease TransactionsADDRESS TYPE APPROXIMATE

SIZE (SF)

1. 99 Savannah Oaks Drive Headlease 200,516

2. 17 Woodyatt Drive Headlease 20,770

3. 121 Roy Boulevard Headlease 20,230

Notable Sale TransactionsPURCHASER & ADDRESS PRICE APPROXIMATE

SIZE (SF)

4. Air Conditioning Canada70 Morton Avenue $3,500,000 52,183

5. Tomlinson Systems Inc.59 Roy Boulevard $1,550,000 25,808

6. BML Multi Trades32 Ryan Place $1,430,000 22,476

Upcoming New InventoryADDRESS COMPLETION APPROXIMATE

SIZE (SF)

7. 10B Abbott Court Q2 2016 61,631

8. 40 Fenridge Court Q2/Q3 2016 63,000

9. 333 Henry Street Q2/Q3 2016 43,000

10. 355 Henry Street Q4 2016 32,000

7

Notable Lease Notable Sale New Supply

16

Summary Statistics Brantford Industrial Market 2016 Q1 Trend

Industrial Inventory 20,654,261

Net Absorption -2,298

Vacancy Rate 3.82%

Average Asking Net Rent(Per Square Foot) $4.11

2

Research & Forecast Report | First Quarter 2016 | Brantford / Industrial | Colliers International

Current Performance and Forecast

(60,000)

(40,000)

(20,000)

0

20,000

40,000

60,000

80,000

100,000

120,000

3.0%

3.2%

3.4%

3.6%

3.8%

4.0%

Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017

Net Absorption New Supply Vacancy Rate

8 53

9&104

City of BrantfordBrantford’s industrial market continues to grow and benefit from its strong workforce and proximity to Highway 403, providing good access to other nearby markets. Brantford industrial growth tends to be quite cyclical with the market vacillating between boom and bust phases; much of the growth tends to be a result of lower cost options compared to alternatives in the GTA and Region of Waterloo markets. The City’s history of developing and offering serviced industrial sites has played an important role in attracting new business to Brantford and shaping the steady improvement that we’ve seen over the past 15 years.

Trends > The industrial vacancy rate in Brantford is among the lowest in Southwestern Ontario.

> Industrial building construction has resumed in Brant County; approximately 435,000 SF of new space (including additions to existing facilities) is either under construction or has been recently completed.

> Positive leasing activity and demand for purchase opportunities has resulted in limited availability.

> New speculative developments will push vacancy up over the next two quarters.

MARKET CONTACT:Serguei Kaminski Market Intelligence Coordinator | Waterloo Region+1 519 904 7007serguei.kaminski@colliers.com

REGIONAL AUTHORS:Karl Innanen | Managing Director, BrokerRon Jansen | Vice President, Sales RepresentativeSerguei Kaminski | Market Intellience CoordinatorJennie Ross | Client Project Coordinator

Colliers International | Waterloo Region305 King Street West, Suite 606Kitchener, ON N2G 1B9 | Canada

+1 519 570 1330

Copyright © 2016 Colliers International.

The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.

About Colliers International Group Inc.Colliers International Group Inc. is a global leader in commercial real estate services, with more than 16,300 professionals operating out of 502 offices in 67 countries. Colliers International delivers a full range of services to real estate occupiers, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. In 2014 the firm handled $97 billion in total transaction value for 84,600 leases and sales. Colliers manages more than 1.7 billion square feet of commercial properties.

Colliers International Group Inc. generates more than US$2.3 billion in annual revenues. With significant insider ownership and an experienced management team, Colliers International has a long-term track record of creating value and superior returns for shareholders – previously under the ownership of FirstService, and as of June 2015, continuously as an independently owned company. The common shares of Colliers International Group Inc. trade on the NASDAQ under the symbol “CIGI” and on the Toronto Stock Exchange under the symbol “CIG”.

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