• At 4.8%, the vacancy rate in the Fredericton office market decreased 70 basis points (bps) in Q1 2020.
• The Fredericton office market saw 14,308 sq. ft. of positive net absorption quarter-over-quarter.
• There was a slight increase in average asking net rents in the market in Q1 2020, up $0.02 per sq. ft. to $12.70 per sq. ft.
• Ross Ventures is nearing completion of their development that is set to add 89,930 sq. ft. of office space to the market at 140 Carleton St.