Moncton Office Figures Q2 2025

–       The Moncton office market had a slower second quarter of 2025 as total office vacancy increased 50 basis points (bps) quarter-over-quarter to 13.8%. The downtown submarket increased 120 bps quarter-over-quarter to 14.2%, while conversely, the suburban submarket reported a 90 bps reduction in vacancy to 13.0%.

–       Leasing activity throughout the quarter was slow, recording 28,001 sq. ft. of negative net absorption for the entire market. The downtown submarket saw 34,273 sq. ft. of negative net absorption, while the suburban submarket saw positive net absorption of 6,272 sq. ft.

–       Net asking rates recorded a slight decrease quarter-over-quarter, declining $0.04 to $14.34 per sq. ft. across the market.

–       The percentage of vacant space for sublet increased 390 bps quarter-over-quarter to 4.2% across the market. Downtown space for sublet increased 570 bps quarter-over-quarter to 5.7%, while the suburban submarket increased 10 bps to 0.9%.