Case Studies/Toronto/Financial Accountability Office of Ontario

Financial Accountability Office of Ontario

2 Bloor St W

Financial Accountability Office of Ontario

QUICK FACTS:

Newly-created government officer

Extremely sensitive requirement

Transparent process necessary

Quick occupancy

SIZE:

6,056 SQ. FT.

SERVICES:

Tenant Representation

Relocation Services

CHALLENGE

The Office of the Financial Accountability Officer of the Province of Ontario was created by government statute in March 2015 to oversee Government of Ontario expenditures. Initially housed in temporary space at Queen’s Park the Office had instructions to identity and relocate into new premises within 8 months. In addition to the necessity of finding affordable office space within walking distance of Queen’s Park, the politically sensitivity of the FAO mandate necessitated the project be lead by an experienced office occupier specialist who employs a transparent, open-book process. It is for these reasons the Occupier Team was recommended to the FAO by another client.

SOLUTION

A Needs Analysis determined the office requirement was approximately 6,000 square feet and a detailed search identified all options within walking distance of Queen’s Park. Working with our downtown office it was quickly determined that 2 Bloor West offered the best solution from geographic, qualitative and, most importantly, financial perspectives.

RESULTS

Office space was leased at rates below current market with tenant inducements including a significant above-market allowance and the FAO was moved in on time and on budget.

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pexels-nitin-khajotia-1486064_clipped_rev_1 1 png

OFFICE OCCUPIER

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