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Date Entered: 02/18/2020
Subject: 2019 Dec St. John's Office and Warehouse
Attachment: 211.pdf (Original file name: 2019 December Market Survey Synopsis (St Johns IOF & IIN).pdf)
Comment:

The office vacancy rate in St. John’s dropped 1.44 percentage points in 2019, and now sits at 15.35%. The St. John’s market is broken down into 5 submarkets, all of which enjoyed falling vacancy between December 2018 and December 2019. However, Downtown St. John’s overall vacancy rate finished 2019 at 26.53%, 11.18 percentage points higher than Greater St. John’s as a whole. 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 709-722-1811 or abairdallen@turnerdrake.com.