• The Moncton industrial market vacancy rate recorded a slight uptick in Q1 2020, increasing 10 basis points (bps) to 6.0%.
• Average net rental rates remained relatively flat, up $0.02 per sq. ft. to $7.21 per sq. ft. as the market remains tight. 
• A total of 6,153 sq. ft. of negative net absorption occurred in Q1 2020.
• The Moncton submarket was the only submarket to see an increase in vacancy, as the Caledonia, Dieppe, and Victory submarkets saw vacancy drop this quarter.