Synopsis: Office vacancy continues to decline in Greater St. John’s: expect the net absolute rent per square foot to continue to increase over the next twelve months. 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 more into overdrive as 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).
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