The Halifax industrial market experienced minimal activity during Q3 with the overall vacancy rate rising a mere 40 bps quarter-over-quarter to 10.5%. Despite an overall increase in vacancy, Burnside recorded 76,663 SF of positive net absorption.
- The vacancy rate for Burnside remained steady for Q3 coming in at 9.5%.
- 82,000 SF of new supply was introduced into the market on Trider crescent and 35,053 SF came online at 409 Higney.
