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Halifax Office Market Report Q3 2023

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research article

The market stayed stable over the course of the year so far, with absorption seeing only a small change of 2,000 square feet between Q1 and Q3.

  • The market is still soft, however there is a strong preference for the Suburban area. The Suburban submarket of the Greater Halifax Area has been the strongest, with the highest absorption of vacant space in Q3. In terms of rental rates, the submarket experienced only a 2% increase, year-over-year, from $30.99 per square foot to $31.62.
  • Downtown Halifax and Bedford both experienced larger increases in rental rates year-over-year, 4.1% and 4.8%, respectively, and both increased in vacancy rates year-over-year.

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Halifax Office 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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