The city of Prince George downtown vacancy rate remains low despite the pandemic. The City has been conducting annual surveys of downtown buildings since 1983. The Downtown Occupancy Study studies the key aspects of Prince George’s downtown area including: floor area available, vacant and leasable space, and commercial high-rise vacancy. 

The purpose of the Downtown Occupancy Study is to collect and analyze vacancy rates of retail/service and office use building space located in Prince George’s Central Business District (CBD).  The study will examine four main aspects of occupancy in the CBD in Prince George: floor area available to retail/service and office use; vacant and leasable space; commercial high-rise vacancy, parcels of bare lands, and downtown use as a function of the total area.

The 2020 Downtown Occupancy Study indicates vacancy increased slightly, however it remains relatively steady. The downtown has seen 28 new business license applications and 16 development permit applications since the last study, which was completed in August 2019 and reported 13 development permits and 24 new business licenses.

Read the Full Report here: 2020 Downtown Occupancy Study