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Halifax Industrial Market Report Q4 2020

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research article

The Halifax industrial market experienced a substantial drop in vacancy from the previous quarter, decreasing 260 basis points to 6.3%. 

  • Substantial leasing activity occurred in all three submarkets with a total of 145,436 square feet coming off the market.
  • Lowest recorded vacancy rate for the industrial market in over seven years, finishing the year off very strong.
  • 143, 290 square foot building at 115 Chain Lake Drive was sold this quarter for $13,250,000 to JD Irving, having a dramatic effect on the vacancy rate, dropping it by 14% from 22.9% to 8.9%.

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Halifax Industrial Market Report Q4 2020

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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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