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Date Entered: 02/22/2018
Subject: NB Office Rents Lowest In Atlantic Can.
Attachment: 100.pdf (Original file name: 2017 Dec NB Press Release.pdf)
Comment:

Saint John and Moncton boasted gains in demand for office space year over year, pushing the overall office vacancy rate for New Brunswick’s three main cities down 196 basis points to 14.18%. Despite a slight uptick in its vacancy rate, New Brunswick’s capital city, Fredericton, boasts the lowest office vacancy rate of any of the major Atlantic Canadian cities. Are tenants drawn to these cities for their bargain rents? The average net rental rates in the three New Brunswick cities are the lowest in Atlantic Canada.