Availability continues to tighten, having fallen by 26% from the recent peak in mid 2017. The average availability rate stands at 8.9%, with only 12% of supply in prime units.
Prime zone A rents continue to slide, falling by 9.9% on average in 2019. The pace of decline eased, with rents having fallen by 14.1% in 2018. Rents have slipped 26.3% over the past three years.
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