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Date Entered: 11/06/2013
Subject: 2012 Dec Saint John Office & Industrial
Attachment: 12.pdf (Original file name: 12.pdf)
Comment: Office vacancy in Saint John hit 21.17%, the highest in Atlantic Canada. Landlords are advised to lock in what leases they can as the net rental rate has begun its subsequent decline. The enclosed press release results from what we believe is the most comprehensive survey of office space ever undertaken in Greater Saint John. Recently completed, the survey is the latest of fourteen studies which pour over the entrails of the Saint John office rental market to determine trends in vacancy, rental and operating expenses.