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Moncton Industrial Market Report Q3 2022

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research article
  • This quarter, the vacancy rate is down only 20 basis points to 13.0%. We have seen a positive absorption bringing the availability to 422,056 square feet in the Greater Moncton Area.
  • Average asking rent continues to increase in the Greater Moncton Industrial sector. This quarter we saw an increase of 26.5% to the average asking rent, which sits at $9.49 per square foot for Q3. The rent increase directly results from new constructions being brought to market with higher net rents.

Moncton Industrial Market Report Q3 2022

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Pour plus d’informations, veuillez contacter:

Bill Hennessey

Managing Director

New Brunswick

Bill has been an active member of the Greater Moncton business community for over 20 years. He has been a shareholder with a variety of gaming and technology companies. Bill brings his unquestionable desire to provide excellent customer service to Colliers International. Using technology and creative business acumen, he has redefined the traditional process of commercial sales.

Bill is a strong believer in and supporter of community engagement. He was a key member of the Kay Community Centre Foundation. This dedicated group of volunteers saved a local Moncton hockey rink from destruction and transformed it into the Crossman Community Centre. Today the Centre hosts a variety of activities for people of all ages. Bill is currently a coach in minor hockey. He is also the 2nd Vice Chairperson of the Friends of the Moncton Hospital Foundation. The Foundation is currently raising $10M to improve the quality of care at the hospital.

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