Investor Presentaiton
Leading Position in the Halifax
Industrial Market
Halifax's Burnside Industrial Park Overview
Halifax's Market Overview
Burnside is the largest industrial park north of
Boston and east of Montreal, with almost 2,000
enterprises and approximately 30,000 employees.
One of Canada's strongest
industrial nodes.
While investor demand for industrial properties continues to exceed
expectations, the Halifax market has remained incredibly tight as a
shortage of supply continues to push rental rates upward.
Rental Rate Growth
By Market | Q1 2022 - Q1 2023
O
PROREIT'S
39%
Burnside Ownership¹
9.2M
Total Industrial
GLA Inventory
(sq. ft.)
2.4%
Vacancy
(Q1 2023)
Halifax Total
14%
Bedford/Sackville
31%
Bayers Lake
2%
↑ 14%
Burnside
11%
1 All 41 properties in Burnside are owned jointly with Crestpoint, with each party holding 50%.
Source: Colliers Halifax Industrial Market Report, Q1 2023.
PROREITTSX:PRV.UN
Asking
Gross Rent
(year-over-year)
202,000
Total industrial net
Absorption (sq. ft.)
(Q1 2023 )
INVESTOR PRESENTATION / OCTOBER 2023
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