• The Moncton industrial market recorded 46,907 sq. ft. of positive net absorption in the quarter.

• The availability rate decreased 40 basis points (bps) quarter-over-quarter to 5.9%.

• Average asking net rental rates increased in three of the four submarkets and was up $0.02 per sq. ft. to $7.21 per sq. ft. for the overall Moncton industrial market. Taxes and operating costs increased $0.03 per sq. ft. to $3.93 per sq. ft.