•In Q2 2019, the St. John’s office market experienced 6,144 sq. ft. of negative net absorption.

•With an increase of 20 basis points (bps) on the quarter, the overall vacancy rate shifted up to 16.9%.

•The vacancy rate within the CBD saw an increase of 30 bps quarter-over-quarter to 20.7%, while the suburban vacancy rate rose just 10 bps on the quarter up to 13.4%.

•Overall average net rents fell $0.09 per sq. ft. quarter-over-quarter down to $17.87 per sq. ft.