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Media Centre

Date Entered: 07/28/2021
Subject: Atl. Canadian Office & Warehouse Markets: Road to Recovery
Attachment: 115.pdf (Original file name: JUNE 2021 Market Survey Press Release.pdf)

Office markets in most of Atlantic Canada appear to be on the road to recovery, emerging from the pandemic relatively unscathed, with average net rents up across the board.  The region’s warehouse markets are in some cases better off now than they were prior to the pandemic, with consumers reallocating their travel budgets to shopping online and home renovation projects.  Demand for rental warehouse space was up in five of the six Atlantic cities, leading to increased average rents in most places.