• The overall industrial availability rate dropped 50 basis points (bps) quarter-over-quarter down to 5.6%.

• Moncton industrial market recorded an increase in average net rents of $0.03 per sq. ft. on the quarter up to $7.11 per sq. ft.

• 58,731 sq. ft. of positive net absorption occurred in the industrial market in Q2 2019. 

• The Moncton Industrial Park saw the most leasing activity this quarter, recording 66,503 sq. ft. of positive net absorption.