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Date Entered: 10/27/2020
Subject: June 2020 Ė St. Johnís, NFLD Office and Warehouse Survey
Attachment: 219.pdf (Original file name: June 2020 Market Survey Synopsis (St Johns IOF & IIN).pdf)
Comment:

The office vacancy rate in St. John’s increased 2.71 percentage points year-over year, and now sits at 19.89%. The St. John’s market is broken down into 5 submarkets, two of which enjoyed falling vacancy between June 2019 and June 2020. However, Downtown St. John’s overall vacancy rate finished 2020 at 36.92%, 17.03 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.