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News & Research

Media Centre

Date Entered: 01/30/2019
Subject: Charlottetown’s Office Vacancy Drops
Attachment: 108.pdf (Original file name: 2018 Dec Charlottetown Press Release.pdf)

The overall rental office vacancy rate in Charlottetown dropped for the third straight year, landing below the ten percent mark for the first time since Turner Drake began surveying the market in 2006. This year, overall vacancy rate in Charlottetown decreased almost six percentage points, to 7.59%. The drop moves the city toward a balanced market (5%) and puts Charlottetown second in Atlantic Canada only to Fredericton.