Halifax Industrial Market Report Q2 2020

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research article

The Halifax industrial market recorded 35,180 square feet of positive net absorption for Q2 despite the current uncertainty that has emerged as a result
of Covid-19.

  • The Burnside submarket experienced the most activity with vacancy declining 110 bps (basis points) sitting at 7.4% for the quarter. 
  • 35,027 square feet came back onto the market in the Bayer's Lake submarket with 17,350 square feet coming available at 10 Ragged Lake along with 12,359 square feet at 115 Chain Lake Drive. 
  • 47,250 square feet was taken out of the survey in the Bedford/Sackville submarket. The entirely vacant building at 347 Bluewater Road was sold last quarter and is now 100% owner occupied. 

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Halifax Industrial Market Report Q2 2020

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Greg Taylor

Managing Director

Halifax

Greg has been involved in multiple aspects of commercial real estate over the past 15 years. He is part of the top investment brokerage team in Atlantic Canada. The creative and strategic approach the team brings to client engagements has resulted in many successful closings. In addition to his responsibilities in investment sales, Greg is the Vice President of Colliers International (Nova Scotia) Inc., and a shareholder in the company.

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Janice Mitchell

President | Managing Broker Industrial Sales and Leasing

Halifax

Janice embarked on a career in commercial real estate in March of 1983 and specializes in the Industrial market. She has consistently been one of the top producing agents in the field of Industrial Sales and Leasing since that time.

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