The Greater Montreal office market remains tight in the second quarter of the year.
- With a drop in the overall availability rates, large office spaces are in high demand.
- The absorption was at 695,495 square feet for first quarter for the Greater Montreal Area, an increase of 753,990 square feet from the negative absorption of 58,529 square feet at the end of first quarter.
- New office towers coming to market will add close to 1.4 Million square feet of leasable area.
