Halifax Office Vacancy Hits 12-Year High as Class B Inventory Floods Market
Downtown core vacancy climbed to 12.4% in Q2 2026, driven by Class B sublease additions and a pronounced flight-to-quality among remaining active tenants. Suburban submarkets tell a different story.
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Office
Halifax, Moncton, Saint John, Fredericton core and suburban submarkets. Quarterly vacancy, absorption, and rent surveys.
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Distribution corridors, port-adjacent assets, last-mile logistics. Availability and lease rate tracking across Atlantic Canada.
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Investor-grade 20+ unit assets. Cap rate surveys, transaction analysis, and rent growth tracking by market.
View market dataKey Movements Across Atlantic Canada
Latest Reports
Halifax Office: Class B Inventory Drives Vacancy to 12-Year High
Downtown core diverges sharply from suburban submarkets as hybrid work crystallizes tenant preferences.
Moncton Industrial: Availability Drops Below 2% as Last-Mile Demand Surges
E-commerce distribution and cold storage drive record absorption in Q2 2026.
Atlantic Multi-Family Cap Rate Survey — Q2 2026
Cap rates compress 15bps quarter-over-quarter as institutional buyers re-enter the market.
Saint John Retail: Uptown Recovery Accelerates
Food & beverage and health services lead absorption as Uptown vacancy falls below 8% for first time since 2019.
Submarkets
Atlantic Canada submarkets
Maritime CRE Team · CRE Practice Lead · Century 21 Generation
Maritime CRE Team specializes in commercial real estate across Atlantic Canada, with a focus on office, industrial, and investment-grade multi-family assets. Based in Moncton, our team covers the full Maritime market from Halifax to Charlottetown.
REALTOR® · Century 21 Generation · Member, NB Commercial Council
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