• The overall industrial availability rate increased 60 basis points (bps) quarter-over-quarter up to 8.0%.

• Average net rents saw a quarter-over-quarter decline of $0.10 down to $6.99 per sq. ft.

• 62,870 sq. ft. of negative absorption occurred in Q1 2018, down from the positive 28,518 sq. ft. recorded in Q4 2017.

• Owner occupied space controls the majority of the industrial market at 51.1% of the total industrial inventory.

• The Victory Industrial Park maintains the highest vacancy rate of all Moncton submarkets at 16.7%.