• The Saint John office market vacancy rate sits at 19.1% in Q2 2020, up 50 basis points (bps) from 18.6% in Q1 2020. 

• Class A office assets experienced a slow quarter, recording 8,381 sq. ft. of negative net absorption quarter-over-quarter. The submarket also noted a $0.24 per sq. ft. drop in the average net rental rate.

• The Saint John office market totaled 13,129 sq. ft. of negative net absorption in Q2 2020.

• Average net rents within the market decreased $0.04 per sq. ft. to $12.84 per sq. ft., and average taxes and operating costs increased $0.03 per sq. ft. to $12.70 per sq. ft.