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).