- Though demand for industrial sites in Halifax remains high, the market slowed down a bit in Q3, due to limited options and alternatives in the market. The Burnside market recorded a slight increase in vacancy rates throughout Q2, now sitting at 2.2% for Q3 2022.
- Average asking net rental rates for the Halifax industrial market continue to reach record highs. With a 6.1% increase quarter-over-quarter, it now sits at $11.39 per square foot. Leasing activity slowed down in Q3 and construction continued as many more projects broke ground. It is anticipated that approximately 480,000 square feet of new space will be delivered in 2023.
Pour plus d’informations, veuillez contacter:
Vice President | Managing Director