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Date Entered: 11/06/2013
Subject: 2012 Dec Charlottetown Office&Industrial
Attachment: 8.pdf (Original file name: 8.pdf)
Comment: The vacancy rate for office space is usually inversely correlated with the net rental rate, but Charlottetown now has the highest average rental rate in the Maritimes and the second highest vacancy rate. How can this be? The enclosed press release results from what we believe is the most comprehensive survey of office space ever undertaken in Greater Charlottetown. Completed recently for the Federal Government, the survey is the latest of seven studies which pour over the entrails of the Charlottetown office rental market to determine trends in vacancy, rental and operating expenses.