• The vacancy rate in the Fredericton office market decreased 70 basis points (bps) in Q4 2019, ending the year at 5.5%.

• The Fredericton office market recorded 13,807 sq. ft. of positive net absorption in Q4 2019.

• Average net rents experienced a moderate increase on the quarter, up $0.07 per sq. ft. to $12.68 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.