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Halifax Industrial Market Report Q4 2022

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research article

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.

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Halifax Industrial Market Report Q4 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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