It was a quiet quarter for the Halifax office market with the vacancy rate dropping a mere 20 bps to 13.7%. Though this was a minimal decrease from Q2, this quarter marks the lowest recorded overall vacancy in over three years.
- Queens Marque, Armour Group’s mixed use development is still on pace to be completed by Q3 2020.
- The Suburban Halifax submarket remains the most sought after region for office space with the vacancy rate remaining steady, dropping 30 bps quarter-over-quarter to 8.7%.
