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Halifax Office Market Report Q1 2018

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First quarter market statistics providing key market indicators for the Halifax office real estate market.

  • The overall vacancy rate within the Halifax office market rose to start the year, gaining 70 basis points from last quarter to 16.8%.
  • Downtown Halifax continues to be a tenant’s market largely due to the oversupply of office space across all classes.
  • Construction continues to thrive with both ongoing and new developments, such as Queen’s Marque, and Westway Park leading to a promising sign of economic growth over the next several years.


Halifax Office Market Report Q1 2018

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