Montréal Office Market Report Q1 2018

Montreal skyline changes as construction continues to soar.

  • The office lease market was relatively dynamic in the opening quarter of 2018, and net absorption in the Greater Montréal Area was very positive.
  • The vacancy rate rose from 10.3% in Q4 2017 to 11.1% in Q1 2018.
  • Prestigious offices are rare, and when they become available, the competing offers drive prices to record highs. Investors are actively seeking assets in the downtown and suburban markets.

Montréal Office Market Report Q1 2018