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The US office market is softening while Canadian cities are experiencing some significant growth. The Q1 results show that the US office vacancy rate held steady, while the Canadian office vacancy rate fell 17 basis points during the quarter. Canadian rental rates are on the rise as the vacancy rate declines, with Edmonton showing a 8.9% increase in its downtown office rental rates. The economic slowdown troubling the US appears to be leaking into the office rental market. Pundits question whether this was a "one-off" blip or a sign of events to come... mid-year numbers are eagerly awaited. For a complete copy of this valuable reference document highlighting activity in major centres in Canada and the US, please click the icon below.
Contact Pam Macfarlane at 902-423-1825 for more information.
  OfficeNAhighlights1Q2007.pdf
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