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News & Research


Date Entered: 07/18/2019
Subject: 2019 June HRM Office & Warehouse Survey
Attachment: 205.pdf (Original file name: Synopsis June 2019 Halifax IOF & IIN.pdf)

HRM’s overall office vacancy rate decreased slightly, from 15.09% in 2018 to 14.62% in 2019, as net absorption outpaced new supply coming to market.  The average net rental rate remained relatively stable, now at $14.08/ft.2.  The overall warehouse vacancy rate in HRM dipped from 11.62% in 2018 to 9.47% in 2019, accompanied by a 1.41% increase in the average rental rate. 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

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.