H&R Q4 2024 comments:
"It's Matt Kingston. I think, we believe that the value in the GTA are down about 40% to 50% depending on the site. The most recent trade we can point to is First Capital and Woodbourne consummated on a deal at 1071 King West, which is around 200 to 210 a foot. I think that's a pretty premium price. So I think realistically downtown transit oriented site are probably mid to high one. So somewhere between 150 and 200 foot I think is realistic depending on how good the site is."
dream office q3 comments:
In addition, we have 3.3 million square feet of residential density zoned at our share with a carrying value of about $80 per square foot.