Figures

Halifax Industrial Figures Q4 2025

Halifax sees new supply deliver for the first time this year

January 13, 2026 4 Minute Read

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‒    The Halifax industrial market saw availability rise 20 bps quarter over quarter to 8.1% as more space was vacated than leased.

‒    Available space for sublet recorded an increase for the first time this year, rising 150 bps to 2.0%.

‒    The Halifax industrial market recorded its first new construction delivery of 2025 in Q4, with 4,000 sq. ft. completed at 45 Thorne Avenue in the Burnside Industrial Park.

‒    The Halifax industrial market continued its upward trend in net asking rents, increasing by $0.04 quarter-over-quarter to reach $14.01 per sq. ft.

‒    Industrial rates have shown tremendous growth, rising 25.4% across the total market since Q1 2024.