City office space plentiful, commercial not

It’s a tenant’s market if you’re on the hunt for office space; not so much if you’re looking for commercial premises.

These appear to be the findings of a vacancy rate study completed recently by Soderquist Appraisals Ltd. The Red Deer company has calculated that the local commercial vacancy rate is 4.08 per cent, while the figure for office space is 12.04 per cent. Both percentages are based on total area available in each category.

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