Against all odds, the Greater Montréal Area’s industrial market showed great resilience.
- In the opening quarter of 2019, net positive absorption was 364,551 square feet. The slowing absorption points to a slight economic slowdown and a tighter market that is struggling to meet the specific needs of the industry.
- The vacancy rate shifted from 3.0% in Q1 2018 to 2.4% in Q1 2019.
- The industrial market should continue to be dynamic in 2019, but less so than in 2018.