• The Halifax industrial market recorded a record high 449,149 sq. ft. of positive net absorption in Q4 2020.

• The availability rate within the market dropped significantly, down 210 basis points (bps) to 4.7%.

• Under construction totals lowered to 88,527 sq. ft. as 188,600 sq. ft. of new supply entered the market this quarter.  

• Average asking net rents increased $0.04 per sq. ft. up to an all-time high of $8.20 per sq. ft. this quarter.