Highlights and Statistics on Real Estate Trends in Atlantic Canada

Download our Q4 2018 Office Stats to get highlights on real estate trends in Atlantic Canada.

Overview:

  • Net effective rates have been increasing slightly due to the rising cost of constructing leasehold improvements. Landlords are seeking longer lease terms to allow longer amortization of leasehold costs.
  • Many existing Class A and B buildings in the downtown markets are undergoing capital improvements in an effort to keep the buildings competitive and attractive to tenants.
  • Downtown landlords’ with the higher office vacancy rates are considering higher allowances to compete for tenants either renewing or negotiating new leases.
  • Greater Moncton is the Atlantic anomaly with the downtown office vacancy rate hovering at 5% and its suburban rate in the high teens.