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Halifax Office Market Report Q3 2021

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research article

The Halifax office market saw decreased leasing activity in Q3 2021, which resulted in the vacancy rate increasing slightly quarter-over-quarter, up 8 basis points, to 14.5%.

  • Office asking net rental rates remained steady for most downtown office buildings, and have fluctuated across the suburban region, depending on the location, portfolio vacancy and building ownership.
  • As Nova Scotia quickly approaches a 75% double-vaccination rate, many tenants have still decided to postpone their return-to-work plans or delay long-term leasing decisions on office space.

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Halifax Office Market Report Q3 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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