CBRE Ltd.: New Development

Industrial Markets Dept: A spate of new development will not reverse the fortunes of the downtown Halifax office and industrial markets, according to a CBRE Ltd. forecast, according to The Chronicle Herald. That gulf is expected to widen in 2013, with the downtown rate jumping to 13 per cent and the suburban rate to nine per cent and the current downtown office vacancy rate stands at 10.5 per cent, while the suburban market is at 8.2 per cent. (www.immigrantscanada.com). As reported in the news.