•The office market experienced a 60 basis point (bps) decrease in vacancy quarter-over-quarter from 14.0% in Q3 2017 to 13.4% in Q4 2017. 

•Year-over-year, the Moncton office market has undergone a 3.3% decrease in the vacancy rate.

•The office market saw positive absorption on the quarter with 20,960 sq. ft. of office space coming off the market. 

•Average asking net rents increased by $0.02 per sq. ft. quarter-over-quarter up to $12.46 per sq. ft. in Q4 2017.

•The downtown market saw positive absorption quarter-over-quarter.