Halifax Office Market Report Q1 2020

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The Halifax office market experienced an overall increase in vacancy of 150 bps (Basis points) since last quarter, starting the year off at 14.1%. 

  • The largest contributors of this decline were the Central Business District (CBD) and Dartmouth submarket, recording -56,930, and -68,212 square feet of net absorption, respectively.  
  • Fleetway Inc. officially relocated from their former offices at 84 chain lake drive, leaving behind approximately 34,000 square feet of vacant space in the suburban submarket.

  • The 228,000 square foot development at 35 Micmac Boulevard has come online this quarter and is approximately 80% occupied as of Q1. 

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Halifax Office Market Report Q1 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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