Overall office vacancy in St. John’s climbed over 20% in June 2018, and rental rates are falling accordingly. The overall office rental rate decreased from $19.07 per square foot to $18.88 alongside an increase in the vacancy rate from 18.01% in 2017 to 20.01% in 2018. Downtown office vacancy has risen to 26.97%. 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).
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