• The Saint John office market recorded 15,492 sq. ft. of negative net absorption in Q3 2020.

• Vacancy increased 70 basis points (bps) to 19.8% on the quarter. Despite the slow quarter for the overall market, Class A saw a drop in vacancy of 70 bps down to 17.6%.

• Net rental rates were down $0.12 per sq. ft. down to $12.72 per sq. ft. quarter-over-quarter.