Montreal Office Market Report Q3 2018
The economy and real estate market are doing fine despite trade tensions and labour shortages.
- The vacancy rate fell from 10.8% to 9.4% over the course of the last two quarters of 2018.
- The office leasing market was very dynamic in the third quarter of 2018. In fact, 1,264,911 square feet were leased, amounting to the strongest absorption since the start of 2018.
- More than ever, work environments will become living spaces surrounded by a wide range of related services.