• The Saint John office market saw the overall vacancy rate increase 20 basis points (bps) quarter-over-quarter up to 19.2% in Q1 2019.

• Among all the asset class, Class B properties were the only asset class to see a decline in vacancy, dropping 20 bps on the quarter down to 21.5%.

• St. John office market recorded 4,605 sq. ft. of the negative net absorption in Q1 2019.

• Q1 2019 experienced a decrease in net rents of $0.02 per sq. ft. quarter-over-quarter down to $12.72 per sq. ft.