• The availability rate in the Halifax industrial market increased 30 basis points (bps) in Q4 2019 to 6.7% 

• The market recorded 29,961 sq. ft. of negative net absorption in Q4 2019, marking the first quarter of negative absorption since Q4 2016.

• Average asking net rents remained relatively flat, down $0.02 per sq. ft. quarter-over-quarter to $8.16.

• No new industrial supply entered the market in Q4 2019, after 217,086 sq. ft. was introduced to the market in the first three quarters of 2019.

• One industrial building is currently under construction in the Burnside Industrial Park totaling 62,000 sq. ft.