Montreal Office Market Report Q1 2020

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research article

Despite tightening market conditions and an increasing demand for supply, the onset of the COVID-19 pandemic is allowing tenants and landlords to assess their options and prepare for the impact of the crisis.

  • Prior to the outbreak, vacant space continued to decline as rental rates steadily increased in the market.
  • Tenants are reluctant to relocate or expand their business amidst the impact of the global outbreak, but remain vigilant as operations rapidly shift to a "work-from-home" scenario.
  • The provincial government suspends all construction activity with new supply likely to be delivered later than expected. 

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Montreal Office Market Report Q1 2020

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For More Information, Please Contact:

Colin Worrell

Managing Director, Brokerage

Montreal

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