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Date Entered: 11/06/2013
Subject: 2012 June Saint John Office Demand
Attachment: 6.pdf (Original file name: 6.pdf)
Comment: Office vacancy in Saint John sits at 10.33%, making the Port City the only city in Atlantic Canada with a double digit vacancy rate. With vacancy rates falling elsewhere in the province, something’s got to give, and tenants may be in a position to demand deals on rental rates. The enclosed press release results from what we believe is the most comprehensive survey of office space ever undertaken in Greater Saint John. Recently completed, the survey is the latest of six studies which pour over the entrails of the Saint John office rental market to determine trends in vacancy, rental and operating expenses.