Figures

Halifax Office Figures Q4 2025

Vacancy reaches ten-year low following a year of significant leasing activity

January 13, 2026 4 Minute Read

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‒    Following a very strong Q3 2025, Halifax’s office market slowed to finish the year, recording 16,379 sq. ft. of positive net absorption throughout Q4 2025.

‒    Class A assets continue to stand apart, driving leasing activity in both the downtown and suburban markets.

‒    Net asking rates rose across the market throughout Q4 2025, climbing $0.09 to $16.04 per sq. ft.

‒    Halifax’s office market continues to tighten, following a busy year of leasing activity, seeing vacancy decrease 190 bps over the year to 10.7%.

‒    Class A assets have recognized the greatest reduction in vacancy, dropping 350 bps on the year to 11.2%.