We should start by mentioning that the Greater Montréal Area’s real estate market continues to be sustained and stimulated by an especially favourable economic climate, at the national, provincial and municipal levels.
In February 2018, the urban agglomeration of Montréal posted its lowest monthly unemployment rate in 30 years, at 7.2%, a 1% drop compared to one year earlier.
The vacancy rate shifted from 3.6% in Q1 2017 to 3% in Q1 2018. Availability shrank by nearly 4 million SF, from 22,843,809 SF in Q1 2017 to 18,972,506 SF in Q1 of this year.
Some experts believe that data centres, cryptocurrencies and cannabis growers, as well other emerging activity sectors, could trigger new demand for industrial space.