• The Moncton office market recorded 12,973 sq. ft. of negative net absorption quarter-over-quarter.

•  All three asset classes within the CBD experienced negative net absorption, while the suburban market recorded slight positive absorption in Q2 2020. 

• Overall average net rents decreased $0.04 per sq. ft. quarter-over-quarter to $12.63 per sq. ft.

• Overall vacancy within the Moncton office market sits at 14.1%. The downtown vacancy rate is down 60 bps to 13.0%, while the suburban market dropped 60 bps to 17.1%.