FAIRVIEW COVE TERMINAL
SOUTH END TERMINAL
4.6 KM OR 5 MIN DRIVE FROM HALIFAX GATE TO HWY 111
HWY 111
ROYAL CANADIAN AIR FORCE
Existing CN Railhead
Lot lines are approximate.
Demographics & Labour
Industrial Market
Port Performance
Halifax has a highly diversified economy driven by a wide range of specialized industries, including military, tech and healthcare, and the largest population east of Montreal.
Halifax Industrial Net Rents are $10.90 PSF (Q4 2023), an increase of 29% from Q1 2021 representing an all-time high (CBRE Research, 2023).
Halifax is the only Canadian port in Eastern Canada that can accommodate ultra-class vessels, which measure over 350 metres in length overall (The Port of Halifax, 2023).
& Market context Location
Halifax welcomed ± 21,000 people in 2022, which was nearly double the previous annual record recorded in 2021.
Rental rates for new high bay product are being recorded in the $16.00 to $18.00 PSF.
Port-wide cargo saw an annual increase of 8.7% in 2022, up to 9.74 M metric tonnes.
Halifax has continued to see significant economic growth with real GDP growth of 6.5% and 3.3% in 2021 and 2022 respectively, both rates were well above national averages. Forecasted GDP growth for 2023 is 1.8%
The availability rate has dropped to 2.4%, with zero availabilities in the Dartmouth market currently above 30,000 sq. ft. (CBRE Research, 2023). Industrial inventory in Halifax is approximately 14,300,000 sq. ft., representing an increase of 9% increase from 2021 (CBRE Research, 2024).
Halifax offers a 20%-50% average time advantage to market for imports from Europeans ports over comparable North American ports.
Halifax had the fastest growing urban core of any Canadian city between 2016 and 2021, growing 26.1% (StatsCanada, 2022).
Halifax Gate | pg. 7
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