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Halifax Office Market Report Q1 2023

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research article

Halifax’s overall office vacancy saw a slight increase in Q1, which is now at 14.1%. This can mostly be attributed to an influx of sublease space in the Suburban market. The overall office market has remained fairly stable over the last year, despite post-COVID effects that have slightly cooled office market activity. Return-to-office momentum continued to slow, with some companies implementing full-time hybrid work models.

  • While leasing activity for newly built office spaces has remained high, landlords and tenants are facing increased construction costs across all building classes, as well as longer construction timeframes to complete space built-outs.

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Halifax Office Market Report Q1 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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