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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: 25-Oct-2010
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 7.0%
Class A (Prime) CAD 32.47 CAD 35.02 CAD 33.70 $ 32.15 $ 34.67 $ 33.37 4.7% 8.0%
Class B (Secondary) CAD 18.18 CAD 29.65 CAD 25.16 $ 18.00 $ 29.36 $ 24.91 5.2% 9.0%
 
Suburban Office
New Construction (AAA) CAD 22.00 CAD 26.00 CAD 24.00 $ 21.78 $ 25.74 $ 23.76 3.3% 7.0%
Class A (Prime) CAD 22.00 CAD 30.97 CAD 16.61 $ 21.78 $ 30.66 $ 16.45 7.4% 8.0%
Class B (Secondary) CAD 13.50 CAD 31.24 CAD 23.38 $ 13.37 $ 30.93 $ 23.15 9.5% 9.0%
 
Industrial
Bulk Warehouse CAD 6.51 CAD 15.45 CAD 9.57 $ 6.45 $ 15.30 $ 9.48 7.7% 9.0%
Manufacturing CAD 5.50 CAD 16.50 CAD 12.00 $ 5.45 $ 16.34 $ 11.88 6.2% 10.0%
High Tech / R&D CAD 7.86 CAD 20.05 CAD 20.05 $ 7.78 $ 19.85 $ 19.85 6.2% 9.0%
 
Retail
Downtown CAD 33.00 CAD 60.00 CAD 46.50 $ 32.67 $ 59.41 $ 46.04 N/A 10.0%
Neigborhood Service Centers CAD 26.53 CAD 29.03 CAD 27.78 $ 26.27 $ 28.74 $ 27.50 N/A 9.0%
Community Power Center CAD 27.50 CAD 31.50 CAD 29.50 $ 27.23 $ 31.19 $ 29.21 N/A 8.0%
Regional Malls CAD 68.00 CAD 95.00 CAD 81.50 $ 67.33 $ 94.06 $ 80.69 N/A 8.0%

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 CAD 326,700.00 CAD 392,040.00 $ 323,465.35 $ 388,158.42
Land in Industrial Parks CAD 130,680.00 CAD 196,020.00 $ 129,386.14 $ 194,079.21
Office/Industrial Land - Non-park CAD 130,680.00 CAD 196,020.00 $ 129,386.14 $ 194,079.21
Retail/Commercial Land CAD 1,118,620.00 CAD 4,272,290.00 $ 1,107,544.55 $ 4,229,990.10
Residential CAD 1,559.00 CAD 4,779.00 $ 1,543.56 $ 4,731.68

Conversion 1.01CAD = 1 US$


Footnote: Manufacturing and High Tech/RD are the same category
 

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