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Halifax Industrial Market Report Q2 2021

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research article

Industrial leasing activity in the Greater Halifax Area remained competitive throughout Q2 2021.

  • Demand for industrial space continues to flourish, leading to another drop in vacancy rate from 5.0% to 3.1% this quarter.
  • With the vacancy rate continuing to drop for the past four quarters, the average asking net rent has increased along the way. The $0.91 PSF QoQ increase to $9.32 PSF is a vital sign for the industrial market being competitive throughout 2021.
  • Industrial leasing activity in the HRM area continued to be strong through the quarter. Many long-term deals have been completed in the region, specifically in both the Burnside and Bayers Lake submarkets.

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Halifax Industrial Market Report Q2 2021

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For More Information, Please Contact:

Greg Taylor

Managing Director

Halifax

Greg has been involved in multiple aspects of commercial real estate over the past 30 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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