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Real Estate Office Market Report - Winter 2016-2017


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Montreal's rejuvenation continues

Throughout the metropolitan area, major infrastructure projects including highway renovations and a new Champlain bridge linking the city to the South Shore and the U.S. are underway, and construction of a new light-rail system will soon begin. Celebrations marking Montreal's 375th anniversary have also commenced.

Highlights

  • Availability rate in Downtown Core at 15.6% at end of 4Q16; rate should peak in coming year
  • Most available space currently in sub-50,000-square-foot range
  • Older converted buildings outside core continue to attract creative class of tenant

 

NKF Devencore - Montreal Downtown - Winter 2016-2017 Office Market