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Halifax Industrial Market Report Q3 2022

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research article
  • 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.

Halifax Industrial Market Report Q3 2022

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Pour plus d’informations, veuillez contacter:

Greg Taylor

Vice President | Managing Director

Halifax

Greg has been involved in multiple aspects of commercial real estate over the past 15 years. He is part of the top investment brokerage team in Atlantic Canada. The creative and strategic approach the team brings to client engagements has resulted in many successful closings. In addition to his responsibilities in investment sales, Greg is the Vice President of Colliers International (Nova Scotia) Inc., and a shareholder in the company.
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