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News & Research

Media Centre

Date Entered: 02/22/2018
Subject: Charlottetown Office Market Success
Attachment: 102.pdf (Original file name: 2017 Dec Charlottetown Press Release.pdf)

Charlottetown’s historically high vacancy rates in Class A office space have undergone a second consecutive year of decrease: good news for downtown building owners and a signal of Charlottetown’s stability when compared to its neighbours in Atlantic Canada. This year, overall vacancy rates in Charlottetown decreased, by 1.6% to 13.0% - still higher than what is generally considered healthy but nothing to scoff at when compared to rates in Halifax (17.3%) or New Brunswick (16.1% overall for Moncton, Saint John, and Fredericton).