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News & Research


Date Entered: 08/07/2020
Subject: June 2020 HRM Office and Warehouse Survey
Attachment: 217.pdf (Original file name: June 2020 Market Survey Synopsis (Halifax IOF & IIN).pdf)

HRM’s overall office vacancy rate increased slightly, from 14.80% in 2019 to 14.91% in 2020 and the total amount of rentable office space increased 2.53% in 2020. The average net rental rate increased slightly to $14.30/ft.². The overall warehouse vacancy rate rose from 9.12% in 2019 to 10.16% in 2020, accompanied by a 1.91% 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.