The Halifax office market experienced impressive levels of positive net absorption throughout 2019, closing the year off at 459,296 square feet (Year-to-date).
- Vacancy continues to tighten quarter-over-quarter dropping 110 bps from Q3 to 12.6%. This marks the lowest recorded overall vacancy rate since Q3 2016.
- Unemployment has averaged 6.9% for the year, which is the lowest annual unemployment rate on record for Nova Scotia according to APEC.
- Queens Marque, Armour Group’s mixed use development is still on pace to be completed by Q3 2020.
