• The vacancy rate in the Fredericton office market increased 40 bps to 5.2% in Q2 2020.

• The Fredericton office market totalled 6,532 sq. ft. of negative net absorption quarter-over-quarter.

• The tight market continues to put upward pressure on rental rates, as net rental rates increased slightly, up $0.02 per sq. ft. across the city to $12.72 per sq. ft. 

• Fredericton saw strong construction numbers this quarter, with three major developments under construction totalling 298,000 sq. ft.