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Media Centre

Date Entered: 01/29/2019
Subject: Office Vacancy on the Decline in NB
Attachment: 107.pdf (Original file name: 2018 Dec New Brunswick Press Release.pdf)

The total office vacancy rate for Fredericton, Saint John and Moncton edged down between December 2017 and 2018 to 11.26%, as the decreases in vacancy for each of Fredericton and Moncton were sizable enough to negate a small increase in Saint John. Of the six major office markets in Atlantic Canada, Fredericton is now the healthiest overall, with a 7.05% vacancy rate.  Moncton, at 8.02%, comes third after Charlottetown (7.59%), while Saint John (19.10%) joins Halifax (13.86%) and St. John’s (17.21%) in the double digits.