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News & Research

Media Centre

Date Entered: 08/15/2022
Subject: Atlantic Canadian Warehouse Markets Hot; Office Markets, Not
Attachment: 118.pdf (Original file name: June 2022 Market Survey Press Release.pdf)

Demand for office space fell in five of the six major cities in Atlantic Canada over the past year, with Halifax the only exception.  As a result, office vacancy rates crept upward in four of the markets, and net rent increases were well below recent monthly rates of inflation.  Meanwhile, demand for warehouse space increased in four of the six cities, held steady in one, and dipped in the sixth; changes in net rents ranged from 0% to 10%.