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Research

Montreal Office Market Report Q1 2019

Montreal Office Market Report Q1 2019

Montreal Office Market Report Q1 2019

The Downtown, Mile-End, Mile-Ex and South Shore areas of Montréal will continue to benefit from infrastructure investments.

  1. The office lease market had a slow start in the first quarter in 2019, with a negative absorption of 58,529 square feet, a drop of 522,194 square feet of Q4 2018’s positive absorption of 463,665 square feet.
  2. The availability rate fell from 13.0% to 11.3% over the course of the last two quarters.
  3. The downtown and midtown areas of the island of Montréal are expected to continue to attract labour and investors, at the expense of the suburbs.


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