Synopsis: Office vacancy will continue to decline in Greater Charlottetown in the next 12 months. This means that modest increases in the net absolute rent per square foot can be expected. The overall vacancy rate is useful as a 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).
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