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Halifax Industrial Market Report Q1 2022

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research article
  • For the first quarter of 2022, the Halifax industrial market posts record low vacancy rates, benchmark highs in weighted average asking net rent, new supply and net absorption as demand continues to rise for existing income-producing industrial properties.
  • As a result of a lack of vacant options in the market, future industrial developments saw unprecedented pre-leasing activity, and developers continued to fund new projects. A total of 268,833 SF of new industrial products is under construction at the beginning of 2022 which will bring some relief to the market.

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Halifax Industrial Market Report Q1 2022

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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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