Montréal Office Market Report Q1 2018
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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.