• The Moncton office market has remained flat since the start of the pandemic, recording 6,416 sq. ft. of positive net absorption in Q3 2020.

• The vacancy rate within the market decreased 30 basis points (bps), bringing the rate back to pre-pandemic levels of 14.1%.

• Average net rental rates in Moncton decreased $0.05 per sq. ft. to $12.58 per sq. ft. in Q3 2020, and average taxes and operating costs were down $0.06 per sq. ft. to $10.23 per sq. ft.