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Halifax, Nova Scotia, Canada

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Turner Drake & Partners Ltd.
Last Updated: 22-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
RENT/SF/YEAR RENT/SF/YEAR
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) N/A N/A N/A N/A N/A N/A N/A N/A
Class A (Prime) CDN 31.22 CDN 34.89 CDN 33.23 $ 32.52 $ 36.34 $ 34.61 2.8% N/A
Class B (Secondary) CDN 18.00 CDN 29.04 CDN 24.59 $ 18.75 $ 30.25 $ 25.61 3.4% N/A
 
Suburban Office
New Construction (AAA) CDN 26.50 CDN 26.50 CDN 26.50 $ 27.60 $ 27.60 $ 27.60 32.0% N/A
Class A (Prime) CDN 20.29 CDN 30.60 CDN 26.23 $ 21.14 $ 31.88 $ 27.32 7.5% N/A
Class B (Secondary) CDN 13.50 CDN 29.75 CDN 22.77 $ 14.06 $ 30.99 $ 23.72 12.4% N/A
 
Industrial
Bulk Warehouse CDN 6.55 CDN 15.00 CDN 8.99 $ 6.82 $ 15.63 $ 9.36 10.7% N/A
Manufacturing CDN 5.00 CDN 16.00 CDN 11.85 $ 7.97 $ 23.96 $ 12.34 6.5% N/A
High Tech / R&D CDN 7.65 CDN 23.00 CDN 11.85 $ 7.97 $ 23.96 $ 12.34 6.7% N/A
 
Retail
Downtown CDN 35.00 CDN 65.00 CDN 50.00 $ 36.46 $ 67.71 $ 52.08 N/A N/A
Neigborhood Service Centers CDN 22.00 CDN 28.00 CDN 25.00 $ 22.92 $ 29.17 $ 26.04 N/A N/A
Community Power Center CDN 28.00 CDN 31.00 CDN 29.50 $ 29.17 $ 32.29 $ 30.73 N/A N/A
Regional Malls CDN 65.00 CDN 75.00 CDN 70.00 $ 67.71 $ 78.13 $ 72.92 N/A N/A

Development Land Low/Acre High/Acre Low/Acre High/Acre
Office in CBD N/A N/A N/A N/A
Land in Office Parks CDN 239,580.00 CDN 326,700.00 $ 249,562.50 $ 340,312.50
Land in Industrial Parks CDN 163,350.00 CDN 239,580.00 $ 170,156.25 $ 249,562.50
Office/Industrial Land - Non-park CDN 270,115.00 CDN 521,413.00 $ 281,369.79 $ 543,138.54
Retail/Commercial Land CDN 270,115.00 CDN 544,500.00 $ 281,369.79 $ 567,187.50
Residential CDN 206,358.00 CDN 317,117.00 $ 214,956.25 $ 330,330.21

Conversion .96CDN = 1 US$


Footnote: Rental rates in Halifax are quoted sf/year - Manufacturing and High Tech/R&D are the same category.
 

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