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News & Research


Date Entered: 03/07/2017
Subject: 2016 Dec. St. Johnís Office & Warehouse
Attachment: 177.pdf (Original file name: 2016 December Market Survey (St John's).pdf)

Overall office vacancy in St. John’s has reached its highest level since December 2002, now sitting at 12.7%, up from 7.7% a year ago. The increase is driven exclusively by increasing vacancy for Class A and B space, which have more than doubled and tripled respectively, since oil prices began to drop two years ago. To learn more, click on the attachment and view this PDF document using an Acrobat Reader Plug-in (available as a free download from the Adobe Web Site, www.adobe.com). 

Market Surveys is a free service provided by Turner Drake & Partners Ltd. to landlords, tenants, investors and property developers in Atlantic Canada. The Market Surveys are the most comprehensive ever conducted in the region and cover 31 million square feet of space in more than 410 office buildings in HRM, St. John's, Charlottetown, Moncton, Saint John and Fredericton and 105 industrial buildings in St. John’s. Market Surveys are archived on the public area of our web site at www.turnerdrake.com/newsresearch/surveys.asp.

The full results of our survey are available for purchase on a one-off or subscription basis. These include a wealth of detailed aggregate and building-specific market information on rental rates, property taxes and operating expenses, vacancy and absorption rates, and building amenities.  To purchase or subscribe, please contact Alexandra Baird Allen at 902-429-1811 or abairdallen@turnerdrake.com