Montreal’s industrial market has proven to be incredibly resilient over the past 12 months. At its onset, the pandemic posed an imminent threat to the commercial real estate industry. Both the office and retail sectors saw a decline in market activity while the industrial sector saw a surge in demand.
- Industrial rental rates grew 5.5% in 2020.
- The availability rate has reached an all-time low in Q4.
- E-commerce companies continue to dominate the market.