• Vacancy within the Moncton office market jumped 170 basis points (bps) on the quarter up to 9.9% in Q2 2019.

• The market experienced just 3,009 sq. ft. of negative net absorption this quarter.

• Overall average net rents increased $0.07 per sq. ft. quarter-over-quarter up to $12.74 per sq. ft.

• 60,000 sq. ft. of vacant new supply hit the market in Q2 2019, boosting the overall vacancy rate.