The global pandemic has without a doubt introduced some challenges to Montreal’s Commercial Real Estate landscape, but investment activity is gaining momentum with the success of the vaccine rollout.
- Transactional activity in the industrial market remains strong after average sales prices reach $159 per square foot, up 36% from Q4 2020.
- While cap rates in the multifamily and office sector remained relatively stable, industrial cap rates fell by as much as 25 basis points (bps) showing that the demand for space in warehousing, logistics and supply chain were, and continue to be, valuable assets.
- The most notable market transaction of 2021 closed in January as RAMCO’s apartment portfolio traded hands with Banvest, closing a 2,200-unit multifamily deal for $300 million.
