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Date Entered: 11/06/2013
Subject: 2012 June St. John's Office Demand
Attachment: 7.pdf (Original file name: 7.pdf)
Comment: Despite rising 1.67 percentage points since 2011, at 5.29%, St. Johnís has the lowest overall vacancy rate in Atlantic Canada. This translates into the highest overall net rental rate in Atlantic Canada, at $16.35/ft.≤, and the highest average net rental rate for each class of office space. The enclosed press release results from what we believe is the most comprehensive survey of office space ever undertaken in Greater St. Johnís. Completed recently for the Federal Government, the survey is the latest of six studies which pour over the entrails of the St. Johnís office rental market to determine trends in vacancy, rental and operating expenses.