Q2 2022 showcased that Montreal is a soaring industrial market. Weekly increases for average asking net rents continue as Montreal reached an average of $13.77 net. The availability rate remained at 1.2% as new supply continues being absorbed during pre-leasing.
- The rapid rise in net asking rents has Montreal only 1 quarter behind Toronto.
- Net asking rate increases had a staggering year-over-year growth of 64%.
- Bank of Canada policy may slow down the rapid appreciation on the investment side. Q2 ended with a 7% year-over-year increase in sales volume.