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Comment:
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Not immune to fallout from the recession, office vacancy in HRM is rising. Expect a decline in the net absolute rent per square foot as demand weakens. The overall vacancy rate is a useful predictor of changes in the net absolute rent per square foot. As the percentage of vacant space drops below 8%, rental increases gather speed, accelerate rapidly once the 6% vacancy mark is reached, and move into overdrive once the 4% level is breached. 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”.
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