Industrial Real Estate Activity
Through 2013, the pace of economic growth throughout most of Canada was relatively sluggish, mirroring the economy's performance in 2012. In National Bank Financial's estimates, real GDP in 2013 should reach 1.7%, while BMO Capital Markets has estimated real GDP growth at 2.0%, a forecast shared by Statistics Canada.
- Overall vacancy rate at 6.0%
- Abundance of properties over 100,000 square feet available
- Demand strongest for buildings with clear heights above 24 feet and more modern amenities
- Autoroute 30 stimulating development activity on South Shore
Newmark Knight Frank Devencore tracks an inventory of just under 350 million square feet in the Greater Montreal area (GMA), which is distributed amongst just under 7,000 buildings. Montreal's industrial real estate market is the second largest in the country, behind Toronto's.
NKF Devencore Montreal Industrial Report - Summer 2014