• The vacancy rate within the Fredericton market increased 80 basis points (bps) to 6.0%.

• 16,952 sq. ft. of negative net absorption was recorded in Q3 2020.

• Net rental rates were down $0.04 per sq. ft. to $12.68 per sq. ft. quarter-over-quarter.

• Three major office developments remain under construction in Q3 2020, totaling 298,000 sq. ft. of space. All three developments are scheduled to be online by the end of 2020.