Montreal industrial market report Q3 2019
The Greater Montreal’s industrial market continues to tighten in the third quarter of the year. With the availability rate and vacancy rates continuing their descent, to 3.3% and 2.0% respectively, the industrial market is in dire need of new supply in the form of speculative builds or the re-purposing of older product to today's requirements.
The last speculative industrial build in Saint-Laurent was fully leased by the time construction had finished. Numerous speculative building projects are in the planning stages around the Greater Montreal Area on and off island and promise a solution to the lack of available product.
