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Halifax Office Market Report Q3 2020

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research article
The Halifax office market is showing resiliency despite the anticipated impacts of Covid-19. As the “Atlantic Bubble” continues to hold strong many companies are returning to the office full time, conducting business as usual. Though, this is not to say that covid-19 hasn’t impacted the way in which businesses are looking to utilize office space in the near future. 
 
  • Vacancy in the Halifax CBD dropped 20 Bps from the previous quarter, coming in at 18.9% for Q3. 
  • The submarket of Dartmouth remained stable throughout the quarter recording 1,387 square feet of positive net absorption.
  • Bedford/Sackville recorded a vacancy rate of 5.3%, a 760 bps decrease from the previous year (Q3 2019). 
     

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Halifax Office Market Report Q3 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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Janice Mitchell

President, Industrial Sales and Leasing

Halifax

Janice embarked on a career in commercial real estate in March of 1983 and specializes in the Industrial market. She has consistently been one of the top producing agents in the field of Industrial Sales and Leasing since that time.

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