• The Fredericton office market maintains the lowest vacancy rate amongst all major markets in the Atlantic market at 9.4%.

• Fredericton saw 22,398 sq. ft. of positive absorption in Q1 2018.

• The average net rental rate for the market was flat quarter-over-quarter, increasing $0.02 per sq. ft. up to $12.60 per sq. ft.

• The office market is anticipating 89,930 sq. ft. of new supply in Spring 2020.

• Class C assets in the downtown core (CBD) reported the highest vacancy in the total market, but saw an improvement quarter-over-quarter.