• The vacancy rate within the Moncton office market increased 30 basis points (bps) this quarter up to 10.2%.

• The market observed 7,272 sq. ft. of negative net absorption in Q3 2019.

• Overall average net rents experienced an $0.08 drop quarter-over-quarter down to $12.66 per sq. ft.

• There was no new inventory entering the market, keeping the Moncton total office inventory at 3,365,551 sq. ft.