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News & Research


Date Entered: 07/23/2019
Subject: 2019 June NB Office Market Survey
Attachment: 206.pdf (Original file name: Synopsis June 2019 NB Offices.pdf)

The total office vacancy rate for Fredericton, Saint John and Moncton edged down between June 2018 and June 2019 to 11.28%, as the decreases in vacancy for each of Fredericton and Moncton were sizable enough to negate an increase in Saint John.  Moncton saw the biggest drop, and now has the lowest vacancy rate in Atlantic Canada, at 7.96%, edging out Fredericton’s 8.04%.  Saint John, at 18.26%, has the highest of all markets surveyed in June, joining  Halifax (14.62%) and St. John’s (17.64%) in double digit territory.  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

The full results of our survey are available for purchase on a one-off or subscription basis. These include a wealth of detailed aggregate and building-specific market information on rental rates, property taxes and operating expenses, vacancy and absorption rates, and building amenities.  To purchase or subscribe, please contact Alexandra Baird Allen at 902-429-1811 or abairdallen@turnerdrake.com