At the start of 2020, the Montreal Investment market maintained strong momentum from the previous year. Although the COVID-19 lockdown has slowed transactions, the market has proven to be resilient with Industrial and Multifamily assets leading the charge.
- Working from home remains a temporary alternative for many companies, compelling certain employers to rethink their office space requirements.
- E-Commerce is driving demand for industrial space from Logistics companies creating upward pressure on rental rates.
- PIRET remains the most active investor in the Montreal market, having recently made several significant acquisitions.