- The Halifax office market experienced a slow quarter noting 54,566 sq. ft. of negative net absorption in Q4 2020.

- The vacancy rate within the market increased 40 basis points (bps) to 15.8% quarter-over-quarter.

- Sublease space nearly doubled in Q4 2020 from 61,356 sq. ft. to 122,737 sq. ft.

- Average net rents decreased $0.02 per sq. ft. to $15.16 per sq. ft. and average additional rents were up $0.09 per sq. ft. to $14.44 per sq. ft. on the quarter.