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Halifax Industrial Market Report Q3 2023

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research article

Industrial vacancy rates continue to rise in Halifax in Q3 and are expected to continue coming into 2024. Just under 500,000 square feet of construction is scheduled to be completed by the end of the year, only 34% of which is pre-leased.

  • Demand in the market is still strong, although there was a light softening, with vacancy rates going from 2.1% in Q3 2022, to 2.4% in Q1, and then 3.2% in Q3 this year.
  • In terms of average asking rental rates, Halifax saw a more significant increase, from $17.91 in Q3 2022 to $21.82 this year.

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Halifax Industrial Market Report Q3 2023

Télécharger le rapport
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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