Skip to main content Skip to footer

Montreal Industrial Market Report Q3 2021

Download Report
research article

The third quarter saw Montreal’s industrial market continue its momentum from the first half of 2021. Both vacancy and overall availability decreased further to all-time lows of 1.0% and 1.5%, respectively.

  • Average asking net rental rates also set a new all-time high, sitting at $8.41 per square foot. This is the second consecutive quarter that year-over-year (YoY) rental growth is 18%.
  • Quarterly absorption was just shy of 1 million square feet, the second-highest total over the past two years, only bested by last quarter.
  • Average investment sales prices reached $172 per square foot, the highest level achieved this year, and over 50% higher YoY.

Cutting-edge research at your fingertips

Join our distribution list


Montreal Industrial Market Report Q3 2021

Download Report
For More Information, Please Contact:

Colin Worrell

Senior Managing Director, Brokerage | Montreal


View Expert