The Halifax industrial market is showing resiliency despite the anticipated impacts of Covid-19, reporting 41,163 square feet of positive absorption for the quarter.
- Overall vacancy increased slightly due to an additional 63,930 square feet coming online at 315 Wilkinson in the submarket of Burnside.
- The Vacancy rate for Bedford/Sackville declined by 250 Bps from 8.0% to 5.5% for Q3.
- The submarket of Bayer’s Lake experienced minimal activity with a total of 2,084 square feet coming back onto the market.