Moncton Industrial Figures Q4 2024

–       Total market availability was unchanged quarter-over-quarter remaining at 2.4% as leasing activity was relatively muted throughout the quarter.

–       The total industrial market recorded 2,794 sq. ft. of positive net absorption throughout the quarter with the Moncton submarket leading in leasing momentum, recording positive net absorption of 19,099 sq. ft. The Caledonia and Dieppe submarkets both recorded negative net absorption of negative 5,320 sq. ft. and negative 10,985 sq. ft. respectively, while the Victory submarket saw no activity.

–       The overall net asking rate increased $0.22 quarter-over-quarter to $9.88 per sq. ft.

–       The percentage of space available for sublet stayed constant quarter-over-quarter, remaining at 7.3%. Sublease space continues to be a great option for occupiers looking to maximize cost efficiencies on favorable lease terms.