• The vacancy rate in the Moncton office market increased 100 basis points (bps) this quarter up to 11.2%.

• The market recorded 35,690 sq. ft. of negative net absorption in Q4 2019.

• Overall average net rents decreased $0.05 quarter-over-quarter down to $12.66 per sq. ft.

• No new inventory is entering the market in Q4 2019, as the Moncton total office inventory remains at 3,365,551 sq. ft.