Moncton Industrial Figures Q2 2025

–       Total market availability decreased 90 basis points (bps) to 2.5% to end Q2 2025, as larger bay space in the Moncton Industrial Park was leased.

–       The total industrial market recorded 201,179 sq. ft. of positive net absorption throughout the quarter with the Moncton submarket leading in leasing momentum, recording positive net absorption of 94,318 sq. ft. The Moncton West, Dieppe, Victory and Moncton East submarkets all recorded positive net absorption over the quarter, while the Caledonia submarket recorded negative net absorption.

–       The overall net asking rate continues to show growth, increasing to $10.74 per sq. ft. for Q2 2025. The Caledonia and Dieppe submarkets both recorded increases in net asking rates while the Moncton and Moncton West submarket reported a slight decrease. Victory and Moncton East remained constant.

–       The development pipeline remains strong, with 186,977 sq. ft. of industrial space currently under construction and many build-to-suit opportunities being shopped throughout the market.