• The Saint John office market vacancy rate sits at 18.6% in Q1 2020, down 60 basis points (bps) from 19.2% in Q1 2019. 

• All three asset classes within the CBD have experienced an increase in net rents, as well as a decrease in vacancy year-over-year.

• The Saint John office market recorded 16,172 sq. ft.  of positive net absorption year-over-year.

• Average net rents within the market were $12.88 per sq. ft. in Q1 2020, and average taxes and operating costs are $10.67 per sq. ft.