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Colin Worrell | Colliers | Montreal

Colin Worrell

Senior Managing Director, Brokerage | Montreal

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Featured Research

Jan 18, 2024

Montreal Industrial Market Report Q4 2023

Montreal’s industrial market has been on a road to equilibrium in 2023 as tenants have more options when surveying. The annual average rent had marginal year-over-year growth of 0.9% to $16.31 net.
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Jan 17, 2024

Montreal Office Market Report Q4 2023

Montreal's office market ended the year with a vacancy rate of 15.2%, an 81-basis points year-over-year (YoY) increase. Midtown experienced the highest level of negative absorption of all three markets, totaling -709,981square feet for 2023. Suburban registered the best net absorption with -105,079 square feet. Downtown Class AAA continues to have the lowest vacancy rates of 8.3%, helping propel the GMA net asking rates to a 2.7% annual increase of $20.01.
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Oct 13, 2023

Montreal Industrial Market Report Q3 2023

In Q3, there has been a discernible shift in market dynamics, indicating a subtle yet noticeable softening in growth as the availability rate jumped to 2.4%. Demand remains steady, but prospective tenants are no longer exhibiting the robust urgency for warehousing as seen in previous quarters.
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Featured News

Mar 15, 2023

REM stations primed to become hubs for mixed-use growth

By 2028 there's a pretty good chance Montrealers will be looking back at the development of the $6.9 billion Réseau Express Métropolitain (REM) light rail transit system as a game changer and catalyst for mixed-use development around many of its 26 stations.
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Aug 12, 2021

Thinking Outside the Box: The Secret to Allied’s Success

In this podcast, Colliers’ Brian Rosen and Colin Worrell speak with Allied’s Michael Emory and Tom Burns on Allied’s journey and approach to success; the Allied team’s creative, out-of-the-box thinking that time and again gives rise to iconic, community-focused buildings; how Allied has positioned itself to come out of the pandemic strong; the role of ESG in the company’s future; and more.
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