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Montreal Office Market Report Q4 2020

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research article

As the province gears up for an extended lockdown, the demand for office continues to fall despite the promise of a vaccine to curb the spread of COVID-19.

  • Demand is in decline for a third consecutive quarter following a 110-bps increase in availability, particularly among Class B assets.
  • Sublease activity is among the most noticeable trends as companies in technology, media and advertising, consulting and financial services shed unused space in favor of remote working.
  • While average net rental rates are decreasing across most asset classes, most landlords continue to preserve face rates while working with existing tenants to renew on more flexible terms.


Montreal Office Market Report Q4 2020

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For More Information, Please Contact:

Colin Worrell

Senior Managing Director, Brokerage | Montreal


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