has stabilized, according to new data.
Figures from ICR show that, including available inventory and sub-lease space, the rate is 12.4 per cent with 4.5 per cent resulting from offices vacated by the police.
The Star Phoenix
reports that most of the vacancies are in B and C class properties, while the vacancy rate of class A is below six per cent and averaging $25 per square foot.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Newport, Glenholme, Dunlop, Saint-Denis-de-Brompton, Cow Bay
The vacancy rate for offices in downtown