Atlantic Canada · Submarket
Halifax CBD
Downtown core office and retail · flight-to-quality market
12.4%↑
Office Vacancy
5.75%→
Avg Cap Rate (Office)
-4.2% YoY↓
YoY Rent Change
$86M TTM→
Transaction Volume
Market Summary
Halifax CBD office vacancy hit a 12-year high in Q2 2026 as Class B sublease inventory flooded the market. Class A continues to outperform on net absorption.
Street-level retail is mixed: tourism and F&B corridors remain healthier than soft-goods storefronts off primary arteries.
Conversion studies for obsolete Class B towers are accelerating and will shape medium-term inventory.
Recent Transactions
Office · Q2 2026
18,200 SF Lease — Class A downtown
Office · Q1 2026
31,000 SF Sublease return — Class B tower
Retail · Q4 2025
4,200 SF Lease — Barrington corridor
Halifax CBD — Office Vacancy Rate (%)
Halifax CBD — Average Net Rent ($/SF)
Considering Halifax CBD CRE?
Nick Badyal covers Halifax CBD and the full Atlantic Canada market. Get in touch for advisory on acquisitions, leasing, or valuation.
Research · Halifax CBD
Chronicle reports for Halifax CBD will appear here as they are published.
Browse all research →