The Halifax industrial market recorded 35,180 square feet of positive net absorption for Q2 despite the current uncertainty that has emerged as a result
of Covid-19.
- The Burnside submarket experienced the most activity with vacancy declining 110 bps (basis points) sitting at 7.4% for the quarter.
- 35,027 square feet came back onto the market in the Bayer's Lake submarket with 17,350 square feet coming available at 10 Ragged Lake along with 12,359 square feet at 115 Chain Lake Drive.
- 47,250 square feet was taken out of the survey in the Bedford/Sackville submarket. The entirely vacant building at 347 Bluewater Road was sold last quarter and is now 100% owner occupied.
