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Montreal Industrial Market Report Q1 2021

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research article

All indicators point in a positive direction for 2021 as the demand for industrial space in Montreal continues to surge.

  • Further rental rate growth was recorded in Montreal this quarter, climbing to $7.98 per square foot, representing a 14.5% increase year-over-year.
  • As a result of the competitive state of the rental market, some landlords are receiving multiple offers on their listings and are able to negotiate rates well above asking as users become more and more desperate for space.
  • Several significant industrial transactions took place this quarter, such as Dream REIT’s acquisition of 401 Marie-Curie in Vaudreuil for $216.00 per square foot, coming in at a total price of just over $114 million.

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Montreal Industrial Market Report Q1 2021

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For More Information, Please Contact:

Colin Worrell

Managing Director, Brokerage

Montreal

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Jean-Marc Dubé

Senior Vice President | Group Practice Lead | Chartered Real Estate Broker

Montreal

Jean-Marc is a senior member of the industrial division of the Montreal Colliers International team and an accomplished executive with a proven ability to develop and implement strategies that support his customers’ business and financial objectives. His expertise includes tenant/purchaser representation, property listings (sale and lease), sale-leasebacks, built-to-suits and land development.

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