all, Moncton Commercial Real Estate 0 Listings

all, Moncton: A Premier Destination for Commercial Real Estate

Introduction

Moncton, located in southeastern New Brunswick, Canada, has emerged as a significant hub for commercial real estate (CRE). With a population of approximately 85,000, Moncton is part of the larger Greater Moncton area, which boasts a diverse economic landscape. The city is known for its strong service sector, thriving transportation and distribution industries, and growing information technology sector. Its strategic location, combined with an adaptive business environment, positions Moncton as a key player in the CRE market.

Economic and Industry Overview

Moncton's economy is bolstered by several major industries, including:

Transportation and Logistics: Home to major players like the Irving Group, Moncton is a central logistics hub in the Maritimes.
Retail and Wholesale Trade: The city's retail sector is vibrant, attracting businesses and consumers from across the region.
Information Technology and Communications: A growing sector with increasing demand for office spaces and innovation hubs.

The Greater Moncton Economic Development Team actively supports business growth through various initiatives, enhancing demand for diverse commercial property types such as office, industrial, and retail spaces.

Strategic Location and Transportation Infrastructure

Moncton's strategic location offers significant logistical advantages:

Highways: Situated at the intersection of major highways, Moncton provides excellent connectivity throughout the Maritimes.
Airports: The Greater Moncton Roméo LeBlanc International Airport offers robust passenger and cargo services.
Rail Lines: Moncton is a key rail hub, connected by Canadian National Railway, facilitating efficient freight movement.

These transportation infrastructures support Moncton's role as a distribution and logistics center, benefiting CRE stakeholders. For more details, visit the New Brunswick Department of Transportation.

Commercial Real Estate Inventory & Zoning

Moncton's CRE landscape comprises several submarkets:

Central Business District (CBD): The heart of Moncton, featuring a mix of office and retail spaces.
Industrial Corridors: Areas like Caledonia Industrial Estates cater to manufacturing and logistics needs.
Innovation Districts: Spaces that support the burgeoning tech sector.

Recent zoning updates and development incentives have been designed to attract and facilitate new developments. Explore the City of Moncton Zoning Maps for more information.

Major Employers and Institutions

Moncton is home to several major employers that drive CRE demand:

Irving Group of Companies
Medavie Blue Cross
Université de Moncton

These institutions, along with government centers, support a steady demand for commercial spaces. Visit the Greater Moncton Economic Development website for a comprehensive business directory.

Notable Commercial Developments & Projects

Key developments shaping Moncton's CRE landscape include:

Downtown Centre: A multi-use facility enhancing the city's CBD.
Moncton Industrial Park Expansion: A major project expanding industrial space availability.
Opportunity Zones: Areas designated for economic revitalization, offering lucrative investment opportunities.

For details, visit the City of Moncton Planning & Development page.

Building Permits, Planning, and Development Tools

Investors and developers can access a variety of resources:

Market Data & Economic Reports

Moncton offers access to valuable public data sets:

Brevitas uses AI-powered aggregation of public data and internal insights to provide a comprehensive view of the market. Explore Brevitas-powered dashboards for Moncton here.