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Montreal Industrial Market Report 2022 Q1

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research article

2022 started aggressively. Weekly increases in average asking net rents are the norm as demand for industrial space continues to outpace supply. The availability rate dropped to 1.2% as new supply kept being absorbed during pre-leasing.

  • Net rental rates rose sharply to $11.71 per square foot, totalling a year-over-year increase of 48%.
  • The South Shore continues to be the location of choice by developers as areas like Beauharnois and St-Bruno-de-Montarville have enough land to scale large builds.
  • Investor confidence remains strong with the total sales volume reaching $752 million, equalling the record set by Q1 2021.

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Montreal Industrial Market Report 2022 Q1

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For More Information, Please Contact:

Colin Worrell

Senior Managing Director, Brokerage | Montreal

Montreal

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Leo Lee

Director, National Research Operations | Canada

Toronto West

Leo Lee is the Director of National Research Operations | Canada and oversees the strategic direction and operations of Colliers Canada Research. He focuses on developing the capabilities of the national research team that leverages Colliers' best-in-class market intelligence and platforms to provide clients with valuable market insights.

Leo joined Colliers International in 2008 and was most recently the Regional Director of Research for Eastern Canada.

He has over 10 years of experience in the real estate market across Canada and New Zealand and draws on his professional experience as a commercial appraiser and real estate consultant.

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