Halifax anchors stable, optimistic Atlantic Canada outlook: CBRE
An air of optimism reigns in Atlantic Canada’s relatively stable commercial real estate industry heading into 2025. That was a theme of CBRE’s recent Atlantic Market Outlook event and was evident in a RENX interview with CBRE Halifax executive vice-president Bob Mussett.
“We don’t have the peaks and valleys that are experienced in other markets,” Mussett said. “We don’t go as high in the frothy times and we don’t tend to go as low in the negative times.”
That’s in part due to the fact the region has a broad economy, several higher education institutions, and a military infrastructure in Halifax which employs 30,000 people who contribute significantly to a relatively small economy.
With a focus on Halifax, he provided an overview of the market and the past 12 months in the major commercial real estate sectors. …[Continue Reading]