Statistics Canada : Commercial Rents Services Price Index, third quarter 2015

Released: 2016-01-14

Commercial Rents Services Price Index

Third quarter 2015

0.4%

(quarterly change)

Commercial Rents Services Price Index (year over year)

Third quarter 2015

2.1%

(year-over-year change)

The Commercial Rents Services Price Index increased 0.4% in the third quarter following a 0.8% gain the previous quarter.

The increase in the third quarter was mainly attributable to higher average rents for retail as well as industrial and warehousing buildings. Meanwhile, average rents for office buildings decreased during the same period.

The index was up 2.1% in the third quarter compared with the same quarter in 2014.

Note to readers

The Commercial Rents Services Price Index (CRSPI) is a monthly index that is disseminated on a quarterly basis. Prices collected are average rents measured in price per square foot for a sample of commercial buildings.

With each release, data for the previous quarter may have been revised. The series is also subject to an annual revision with the release of second quarter data of the following reference year. The index is not seasonally adjusted. The CRSPI is available at the Canada level only.

Next release

The CRSPI for the fourth quarter of 2015 will be released in April 2016.

Contact information

For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; [e-mail]) or Media Relations (613-951-4636; [e-mail]).