• The overall market vacancy rate fell 40 basis points (bps) on the quarter, from 16.0% in Q3 2018 down to 15.6% in Q4 2018.

• Average asking net rents increased moderately quarter-over-quarter, jumping $0.18 per sq. ft. up to $14.66 per sq. ft.

• Absorption totaled positive 54,852 sq. ft. on the quarter, ending 2018 with 58,102 sq. ft. of positive absorption.

• The Halifax office market has 170,550 sq. ft. of space under construction with 120,000 sq. ft. in the CBD and 50,550 sq. ft. in the suburban market.

• Class B assets in both the CBD and suburban markets saw the most leasing activity this quarter, totaling 69,339 sq. ft. of positive absorption across both submarkets.