• The overall vacancy rate increased 30 basis points (bps) quarter-over-quarter up to 21.9% in Q2 2018. Saint John continues to maintain the highest office vacancy in New Brunswick through recent quarters.

• Class A buildings experienced the most change in the market with the vacancy rate increasing 40 bps on the quarter.

• The market experienced 6,749 sq. ft. of negative net absorption in Q2 2018.

• Class C buildings saw no change quarter-over-quarter.

• Average net rents dropped in both Class A and Class B assets.