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Halifax Office Market Report Q1 2021

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research article

Suburban market growing despite increasing vacancy in the office market caused by pandemic.

  • Suburban market sees a drop in vacancy, down to 8.5% from 9.6%. A testament to suburban migration occurring across the country.
  • Armour Group and Armco Capital continue to develop flexible, modern office space in the suburban market, each adding 100,000 square feet (SF) for a total of 200,000 SF, due for completion in early 2022.
  • With rapid population growth in Nova Scotia, COVID-19 restrictions being lifted, and employees gradually returning to office, experts anticipate an uptick in market activity as we proceed through 2021.
 

Office Market Report

Halifax Office Market Report Q1 2021

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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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