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News & Research


Date Entered: 03/22/2017
Subject: 2016 Dec. Charlottetown Office&Warehouse
Attachment: 181.pdf (Original file name: 2016 December Market Survey (Charlottetown).pdf)

Charlottetown continues to command a premium rent for office and warehouse space in Atlantic Canada with the second highest overall net rental rate.  While there was little movement in the net rental rate over the past year, Charlottetown boasts the only market in which the average net rent didn’t fall for any class of office space.  Rather, it held steady (Class A and C) or increased (Class B) for all classes of office space, leading to an overall increase of 0.83%.  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 8 industrial buildings in Charlottetown.  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