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Halifax Office Market Report Q4 2021

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research article
  • While Halifax’s office market saw increased vacancy across both the downtown and suburban markets in Q4, the overall rate of 15% is still very much in line with previous quarters.
  • Office asking net rent across markets appears to hold steady, however tenants expect inducement packages such as tenant allowances or early occupancy out-of-term.
  • The debate over full capacity space requirements is still ongoing, even though many tenants have made their back-to-work decisions. The emergence of the Omicron variant in Canada may yet alter this debate in some capacity.



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Halifax Office Market Report Q4 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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