Here is

what is happening

in the industrial

market

INDUSTRIAL MARKET REPORT

GREATER MONTRÉAL

MID-YEAR 2021

$12.36

average gross rent per square foot Greater Montréal

2.5%

total availability rate Greater Montréal

1.4%

Total vacancy rate Greater Montréal

2.83

million square feet under constructions Greater Montréal

Prior to the pandemic, the Greater Montréal industrial market had always lagged behind other major markets in Canada. However, with the health crisis, the industrial sector experienced an unprecedented acceleration and Montréal is seeing a level of activity that could very well impact the market for years to come.