• The overall industrial availability rate was relatively flat quarter-over-quarter, falling 10 basis points (bps) down to 7.9% in Q2 2018.

• Average net rents saw a quarter-over-quarter decrease of $0.05 down to $6.94 per sq. ft.

• The industrial market experienced 95,340 sq. ft. of positive absorption this quarter. This is attributable to a new fully occupied facility coming online in the Caledonia Industrial Park.

• The market has now recorded 32,470 sq. ft. of positive absorption year-to-date.

• The Victory Industrial Park maintains the highest vacancy rate of all Moncton submarkets at 17.0%.