The Greater Montreal industrial market remains tight in the second quarter of the year.
- The market continues to lack industrial buildings in the 100,000 square foot range with a minimum of 24-foot clear ceiling heights, and this has been the norm over the last 18 months.
- No speculative industrial builds in the Greater Montreal Area are projected for the near future but are most certainly in discussion.
- Vacancy rates have declined, from 3.1% in Q2 2018 to 2.3% this quarter, which represents 2.93 million square feet of industrial property being occupied in that same period.
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