Halifax Office Market Report Q3 2018

  • The overall vacancy rate within the Halifax office market decreased 90 basis points this quarter to 15.6%. The Suburban Halifax submarket has become the most sought after region for office space in the city with the lowest vacancy rates in the region at 8.9% overall.
  • Construction continues in the Halifax Regional Municipality with Queen’s Marque in the Downtown market, and Westway Park III in Bedford; combined these will add a total of over 170,000 square feet of Class ‘A’ office space by the end of 2019.
  • Net rental rates have remained relatively stable this quarter as landlords become more creative in their efforts to attract new and retain existing tenants by offering other incentives, including but not limited to free rent periods and leasehold improvements.
  • The overall vacancy rate within the Halifax office market decreased 90 basis points this quarter to 15.6%. The Suburban Halifax submarket has become the most sought after region for office space in the city with the lowest vacancy rates in the region at 8.9% overall.
  • Construction continues in the Halifax Regional Municipality with Queen’s Marque in the Downtown market, and Westway Park III in Bedford; combined these will add a total of over 170,000 square feet of Class ‘A’ office space by the end of 2019.
  • Net rental rates have remained relatively stable this quarter as landlords become more creative in their efforts to attract new and retain existing tenants by offering other incentives, including but not limited to free rent periods and leasehold improvements.
  • The overall vacancy rate within the Halifax office market decreased 90 basis points this quarter to 15.6%. The Suburban Halifax submarket has become the most sought after region for office space in the city with the lowest vacancy rates in the region at 8.9% overall.
  • Construction continues in the Halifax Regional Municipality with Queen’s Marque in the Downtown market, and Westway Park III in Bedford; combined these will add a total of over 170,000 square feet of Class ‘A’ office space by the end of 2019.
  • Net rental rates have remained relatively stable this quarter as landlords become more creative in their efforts to attract new and retain existing tenants by offering other incentives, including but not limited to free rent periods and leasehold improvements.
  • The overall vacancy rate within the Halifax office market decreased 90 basis points this quarter to 15.6%. The Suburban Halifax submarket has become the most sought after region for office space in the city with the lowest vacancy rates in the region at 8.9% overall.
  • Construction continues in the Halifax Regional Municipality with Queen’s Marque in the Downtown market, and Westway Park III in Bedford; combined these will add a total of over 170,000 square feet of Class ‘A’ office space by the end of 2019.
  • Net rental rates have remained relatively stable this quarter as landlords become more creative in their efforts to attract new and retain existing tenants by offering other incentives, including but not limited to free rent periods and leasehold improvements.
  • The overall vacancy rate within the Halifax office market decreased 90 basis points this quarter to 15.6%. The Suburban Halifax submarket has become the most sought after region for office space in the city with the lowest vacancy rates in the region at 8.9% overall.
  • Construction continues in the Halifax Regional Municipality with Queen’s Marque in the Downtown market, and Westway Park III in Bedford; combined these will add a total of over 170,000 square feet of Class ‘A’ office space by the end of 2019.
  • Net rental rates have remained relatively stable this quarter as landlords become more creative in their efforts to attract new and retain existing tenants by offering other incentives, including but not limited to free rent periods and leasehold improvements.
  • The overall vacancy rate within the Halifax office market decreased 90 basis points this quarter to 15.6%. The Suburban Halifax submarket has become the most sought after region for office space in the city with the lowest vacancy rates in the region at 8.9% overall.
  • Construction continues in the Halifax Regional Municipality with Queen’s Marque in the Downtown market, and Westway Park III in Bedford; combined these will add a total of over 170,000 square feet of Class ‘A’ office space by the end of 2019.
  • Net rental rates have remained relatively stable this quarter as landlords become more creative in their efforts to attract new and retain existing tenants by offering other incentives, including but not limited to free rent periods and leasehold improvements.
  • The overall vacancy rate within the Halifax office market decreased 90 basis points this quarter to 15.6%. The Suburban Halifax submarket has become the most sought after region for office space in the city with the lowest vacancy rates in the region at 8.9% overall.
  • Construction continues in the Halifax Regional Municipality with Queen’s Marque in the Downtown market, and Westway Park III in Bedford; combined these will add a total of over 170,000 square feet of Class ‘A’ office space by the end of 2019.
  • Net rental rates have remained relatively stable this quarter as landlords become more creative in their efforts to attract new and retain existing tenants by offering other incentives, including but not limited to free rent periods and leasehold improvements.
  • The overall vacancy rate within the Halifax office market decreased 90 basis points this quarter to 15.6%. The Suburban Halifax submarket has become the most sought after region for office space in the city with the lowest vacancy rates in the region at 8.9% overall.
  • Construction continues in the Halifax Regional Municipality with Queen’s Marque in the Downtown market, and Westway Park III in Bedford; combined these will add a total of over 170,000 square feet of Class ‘A’ office space by the end of 2019.
  • Net rental rates have remained relatively stable this quarter as landlords become more creative in their efforts to attract new and retain existing tenants by offering other incentives, including but not limited to free rent periods and leasehold improvements.
  • The overall vacancy rate within the Halifax office market decreased 90 basis points this quarter to 15.6%. The Suburban Halifax submarket has become the most sought after region for office space in the city with the lowest vacancy rates in the region at 8.9% overall.
  • Construction continues in the Halifax Regional Municipality with Queen’s Marque in the Downtown market, and Westway Park III in Bedford; combined these will add a total of over 170,000 square feet of Class ‘A’ office space by the end of 2019.
  • Net rental rates have remained relatively stable this quarter as landlords become more creative in their efforts to attract new and retain existing tenants by offering other incentives, including but not limited to free rent periods and leasehold improvements.
  • The overall vacancy rate within the Halifax office market decreased 90 basis points this quarter to 15.6%. The Suburban Halifax submarket has become the most sought after region for office space in the city with the lowest vacancy rates in the region at 8.9% overall.
  • Construction continues in the Halifax Regional Municipality with Queen’s Marque in the Downtown market, and Westway Park III in Bedford; combined these will add a total of over 170,000 square feet of Class ‘A’ office space by the end of 2019.
  • Net rental rates have remained relatively stable this quarter as landlords become more creative in their efforts to attract new and retain existing tenants by offering other incentives, including but not limited to free rent periods and leasehold improvements.

Halifax Office Market Report Q3 2018