Office vacancy in Fredericton and Moncton is currently the lowest and third lowest of the six major Atlantic Canadian cities, with vacancy sitting at 10.0% and 13.2% respectively. Vacancy in Saint John, despite dipping below 20% for the first time in six years, remains the highest overall vacancy rate in Atlantic Canada, at 19.05%. On the industrial front, overall rental rates for the New Brunswick warehouse market increased by 4.55 percentage points, accompanied by a slight increase in vacancy, from 19.36% in 2016 to 21.05% in 2017. 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 30 million square feet of space in over 600 office and warehouse buildings in H.R.M., Moncton, Saint John, Fredericton, Charlottetown and St. John’s. Market Surveys are archived on the public area of our web site at www.turnerdrake.com/newsresearch/surveys.asp. You can unsubscribe at anytime by hitting “reply”, typing “unsubscribe” followed by your name and e-mail address, and hitting “send”.