- For the first quarter of 2022, the Halifax industrial market posts record low vacancy rates, benchmark highs in weighted average asking net rent, new supply and net absorption as demand continues to rise for existing income-producing industrial properties.
- As a result of a lack of vacant options in the market, future industrial developments saw unprecedented pre-leasing activity, and developers continued to fund new projects. A total of 268,833 SF of new industrial products is under construction at the beginning of 2022 which will bring some relief to the market.
