• The Halifax industrial market recorded a slow quarter in Q3 2020, tallying 37,985 sq. ft. of negative net absorption.

• The availability rate within the market remains tight, increasing 30 bps on the quarter to 6.8%.

• Under construction totals are high, as 208,600 sq. ft. of industrial space is under construction within the market.  

• Average asking net rents decreased $0.02 per sq. ft. from their all-time high last quarter to $8.16 per sq. ft. in Q3 2020.