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News & Research


Date Entered: 07/17/2017
Subject: Market Survey - HRM Offices & Warehouses
Attachment: 187.pdf (Original file name: Synopsis June 2017 Halifax IOF & IIN.pdf)

The vacancy rate for Halifax office space climbed year over year to 16.91%, while almost 20% of office space downtown is now vacant. The warehouse market fared slightly better, with vacancy edging down to 13.76%, albeit at the expense of the net rental rate, which fell 0.38% between June 2016 and 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 31.5 million square feet of space in more than 440 office buildings and 300 industrial buildings in HRM, St. John's, Charlottetown, Moncton, Saint John and Fredericton. Market Surveys are archived on the public area of our web site at www.turnerdrake.com/newsresearch/surveys.asp.

The full results of our survey are available for purchase on a one-off or subscription basis. These include a wealth of detailed aggregate and building-specific market information on rental rates, property taxes and operating expenses, vacancy and absorption rates, and building amenities.  To purchase or subscribe, please contact Alexandra Baird Allen at 902-429-1811 or abairdallen@turnerdrake.com