Figures
Halifax Office Figures Q2 2026
Stable office fundamentals support one of the lowest vacancy rates in the country
July 14, 2026 5 Minute Read
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- Halifax's office market remained constrained in Q2 2026, with vacancy holding steady at 9.0% despite a modest slowdown in leasing activity.
- Limited availability continues to restrict tenant options, particularly for large contiguous blocks of space, creating competitive leasing conditions across the market.
- Flight-to-quality remains a defining trend, with Class A assets accounting for a significant share of leasing activity and average net asking rates rising to $20.04 per sq. ft..
- Net asking rental rates continue to trend upward as landlords capitalize on a limited supply of high-quality office space and sustained tenant demand.
- With no significant vacant office deliveries anticipated before 2027, supply constraints are expected to persist and support market stability in the near term.