• Vacancy rates in the Fredericton office market increased 30 basis points (bps) in Q3 2019, but remain low at 6.2%.

• Fredericton recorded 6,607 sq. ft. of negative net absorption in Q3 2019.

• Average net rents decreased slightly on the quarter to $0.13 per sq. ft. to $12.61 per sq. ft.

• A Ross Ventures development on 140 Carleton St. is expected to add 89,930 sq. ft. of new supply to the downtown office market in the spring of 2020.