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Montreal Office Market Report Q3 2020

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research article

The Montreal Office Sector continues to show signs of decreasing leasing activity as Quebec government officials eased restrictions allowing non-essential businesses to resume their regular operations.

  • For a second consecutive quarter, net absorption is down more than 600,000 SF as the list of available office spaces grows.
  • The market is experiencing a downward trend in rental rates, where gross rates have declined in the Core, West, and Old Montreal sectors of the Downtown market.
  • The development pipeline has resumed its regular course with the delivery of two new projects in the Downtown East sector.

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Montreal Office Market Report Q3 2020

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For More Information, Please Contact:

Colin Worrell

Managing Director, Brokerage

Montreal

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