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Halifax Industrial Market Report Q3 2021

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research article

The industrial market remains tremendously tight as record high demand holds steady and inventory stands unchanged.

  • Halifax's industrial market had yet another banner quarter in Q3 2021 with the vacancy rate dropping to another new record low of 2.8%, with rents hovering around $9.79 per square foot.
  • Despite the many industrial projects under construction, new and existing tenants and owners face the challenge of finding suitable space to operate their businesses until construction is complete. Most of these projects are scheduled for completion in 2022 through to 2024.

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Halifax Industrial Market Report Q3 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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