• The vacancy rate within the Moncton industrial market saw a minor increase, up 30 bps to 6.3% in Q2 2020.

• Average net rental rates shifted downward slightly on the quarter to $7.19 per sq. ft. from $7.21 per sq. ft. in Q1 2020.

• A total of 35,619 sq. ft. of negative net absorption occurred in Q2 2020.

• The Moncton submarket was the only submarket to see an increase in vacancy, as the Caledonia and Dieppe recorded a decrease in vacancy, while Victory remained stagnant.