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Halifax Industrial Market Report Q2 2022

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  • Industrial vacancy fell to yet another all-time low of 1.8%, a near 130-basis point decrease year-over-year. Demand remains ravenous and is expected to continue unabated as limited amounts of new supply are in the pipeline. New industrial developments in various stages of construction have experienced unprecedented pre-leasing activity.
  • There is more than 478,000 square feet of new industrial space under construction in Burnside, with several of these properties already fully pre-leased. The lack of vacant space and intense demand from users will ensure the market continues to exhibit strength into the foreseeable future.

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Halifax Industrial Market Report Q2 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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