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Date Entered: 11/06/2013
Subject: 2012 June Fredericton Office Demand
Attachment: 3.pdf (Original file name: 2012 June Fredericton Press Release.pdf)
Comment: Fredericton boasts the lowest overall office vacancy rate in the Maritimes: decreasing 2.62 percentage points over the past year, vacancy now sits at 6.97%. Fredericton also commands the highest overall net rental rate in New Brunswick, $12.97/ft.≤. The enclosed press release results from what we believe is the most comprehensive survey of the office market ever undertaken in Greater Fredericton. Completed recently, the survey is the latest of six studies which pour over the entrails of Frederictonís office rental market to determine trends in vacancy, rental and operating expenses.