Halifax Industrial Figures Q1 2025

–       The Halifax industrial market saw no new supply delivered for the first time in four quarters.

–       The availability rate across the market decreased for the first time since Q4 2023, dropping to 7.2%.

–       The Halifax industrial markets under construction pipeline has slowed due to muted pre-leasing on built-to-suit opportunities.

–       Net asking rates continue to show growth across all submarkets, climbing to $13.34 per sq. ft. across the entirety of the market.

–       The total industrial market recorded 111,758 sq. ft. of positive net absorption over the quarter, led by the Dartmouth and Halifax submarkets.