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News & Research


Date Entered: 02/12/2018
Subject: 2017 December HRM Office & Warehouse
Attachment: 188.pdf (Original file name: 2017 December Market Survey (Halifax IOF & IIN).pdf)

HRM’s overall office vacancy rate decreased slightly, from 15.27% in 2016 to 14.97% in 2017, but downtown office vacancy continues to climb, due in part to an increase in supply year over year. The overall warehouse market fared similarly. Vacancy is dropping but so are rental rates. The overall warehouse rental rate decreased from $7.80 per square foot to $7.73, whereas the vacancy rate dropped from 14.25% in 2016 to 12.66% in 2017. To learn more, click on the attachment and view this PDF document using an Acrobat Reader Plug-in (available as a free download from the Adobe Web Site, www.adobe.com ).

Market Surveys is a free service provided by Turner Drake & Partners Ltd. to landlords, tenants, investors and property developers in Atlantic Canada. The Market Surveys are the most comprehensive ever conducted in the region and cover 30 million square feet of space in over 600 office and warehouse buildings in H.R.M., Moncton, Saint John, Fredericton, Charlottetown and St. John’s. Market Surveys are archived on the public area of our web site at www.turnerdrake.com/newsresearch/surveys.asp. You can unsubscribe at anytime by hitting “reply”, typing “unsubscribe” followed by your name and e-mail address, and hitting “send”.