Chronicle Research

Atlantic Canada CRE Market Intelligence

Quarterly market briefings, submarket snapshots, and transaction analysis across New Brunswick, Nova Scotia, and Prince Edward Island. Institutional-grade data for investors, landlords, and tenants.


Quarterly Briefings

2026 Chronicle Reports

Comprehensive quarterly reports covering office, industrial, multi-family, and retail across all major Atlantic Canada submarkets.

Q1 2026Published

Halifax Office Absorption Turns Positive for First Time Since 2023

Class A assets lead recovery as government and tech tenants expand footprints. Suburban submarkets outperform core.

Halifax CBD vacancy: 11.8%
Moncton industrial availability: 2.1%
Cap rate compression: -12 bps

Published: Apr 15, 2026

Q2 2026Preview

Class B Inventory Flood Drives Vacancy to 12-Year High

Downtown core diverges sharply from suburban submarkets. Flight-to-quality accelerates among active tenants.

Halifax CBD vacancy: 12.4%
Avg asking rent: $23.50/SF
YoY rent change: -4.2%

Expected: Jul 15, 2026

Q3 2026Coming Soon

Industrial Pipeline Nears Record as Speculative Development Resumes

Port-adjacent land scarcity drives development outward. Multi-family construction permits rise across all five markets.

Pipeline forecast: 1.2M SF
Permit applications: +18% QoQ
Investment volume: $340M

Expected: Oct 15, 2026

Q4 2026Coming Soon

Year-End Investment Volume Targets $1.2B as Cross-Border Capital Returns

Institutional capital from Ontario and Quebec targets stabilized multi-family and logistics assets.

Target volume: $1.2B
Cross-border share: 34%
Average deal size: $8.4M

Expected: Dec 15, 2026


Submarket Snapshots

City Profiles

Key metrics and trends across Atlantic Canada's five major commercial real estate markets. Updated quarterly.

NB

Moncton

Vacancy Rate
8.2%
Avg Price / SF
$18.40
Cap Rate
6.1%

Industrial availability below 2% drives rent growth across all asset classes.

IndustrialMulti-FamilyOffice
NS

Halifax

Vacancy Rate
12.4%
Avg Price / SF
$23.50
Cap Rate
5.8%

Class B sublease inventory floods downtown core; suburban submarkets hold.

OfficeRetailMixed-Use
NB

Fredericton

Vacancy Rate
9.7%
Avg Price / SF
$16.80
Cap Rate
6.4%

Government anchor tenants stabilize core office; private sector softening persists.

OfficeIndustrial
NB

Saint John

Vacancy Rate
7.8%
Avg Price / SF
$14.20
Cap Rate
6.8%

Uptown retail recovers to sub-8% vacancy for first time since 2019.

RetailIndustrialMulti-Family
PE

Charlottetown

Vacancy Rate
6.5%
Avg Price / SF
$19.10
Cap Rate
5.5%

Tourism and tech sector growth drive mixed-use demand in the Island capital.

Mixed-UseMulti-FamilyOffice


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