The following table summarizes the total supply
of industrial land in CBRM; the data from the Glace Bay park has
not been included. Currently, there is approximately 1,200 acres
of land set aside for industrial use within CBRM. Of this total,
roughly 45% or 528 acres have been serviced with roads, sewer and
water. As of December 2001, 368 acres of land have been sold, with
most of this activity split between the Sydport and the Northside
parks. Very little land has been sold in the Cossitt Heights Industrial
Park, although there are a fair number of businesses located on
the lands surrounding this property.
Over the past three decades, an average of 15.5 acres of industrial
land has been sold within the three municipal industrial parks.
This would include peak years where land sales may have exceeded
50 acres, and other years where no land was sold at all. Although
the data were not available on an annual basis, the sale of industrial
land is highly correlated to the overall strength of the economy,
and one would expect to see lots of activity during periods of strong
economic performance, and little or no activity during a recession.
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