Demand for industrial space continues to thrive, which leads to another drop in vacancy rate from 2.13% to 2.0% this quarter. The availability of vacant industrial space in the Halifax inventory has seen some improvement, contributing to newly completed industrial properties in the Burnside market.
- The Halifax industrial market's average asking net rental rate is expected to climb 5% quarter-over-quarter and has increased by 21% over the last year. Average asking net rental rates for the Halifax industrial market is expected to continue to reach record highs in the new year.
