Our rankings were based on a number of metrics,
including average vacancy rates for medical office properties, rents per sq. ft., building sales volumes, prices per sq. ft. and volume of recent space completions.
Not exact matches
Six of the 12 markets display overall
vacancy rates below the national
average and
include: Vancouver (7.6 per cent), Regina (1.9 per cent), Winnipeg (6.9 per cent), Ottawa (5.9 per cent), Quebec City (4.4 per cent) and Halifax (6.3 per cent).
The North County sub-market in the San Francisco area has a
vacancy rate of 0.5 percent and rent growth of more than 51 percent year - over-year, currently
averaging almost $ 58 per sq. ft.. Other high - rent, low -
vacancy sub-markets
include Torrey Pines in San Diego (3.3 percent
vacancy and $ 427.40 per sq. ft.
average rent), Lake Union in Seattle (2.6 percent
vacancy and $ 43.87 per sq. ft.
average rent) and Philadelphia's Central Business District (CBD)(1.5 percent
vacancy and $ 28 per sq. ft.
average rent).
Rankings are based on weighted
average scores for market indicators,
including projected employment growth,
vacancy rate movements, the amount of planned construction and
average rents.
In fact, the asking
rate in certain markets,
including Southern California, where
vacancy averages 3 percent, is already up to $ 6.15 per sq. ft. for newer class - A space, according to Colliers International.