The Halifax office market saw decreased leasing activity in Q3 2021, which resulted in the vacancy rate increasing slightly quarter-over-quarter, up 8 basis points, to 14.5%.
- Office asking net rental rates remained steady for most downtown office buildings, and have fluctuated across the suburban region, depending on the location, portfolio vacancy and building ownership.
- As Nova Scotia quickly approaches a 75% double-vaccination rate, many tenants have still decided to postpone their return-to-work plans or delay long-term leasing decisions on office space.
