Highlights and Statistics on Real Estate Trends in Atlantic Canada

Download our Q2 2019 Office Stats to get highlights on real estate trends in Atlantic Canada.

Overview:

  • The office vacancy rate continues to decrease based on increased demand from the energy sector, financial services and tech expansion.
  • New office construction reached to 210K in Atlantic Canada and most of the space is already pre-leased.
  • For the competitive Class A and B buildings and recently renovated buildings, rental rates remain stable.
  • Greater Moncton and Fredericton are the Atlantic anomaly with the downtown office vacancy rate below 8% due to stable demand and relatively limited current supply.

Published on July 25th, 2019 at 04:33 pm