Outlook

The future of the Greater Montréal industrial sector looks promising despite some major challenges.

The lack of quality supply is a big problem right now, but there should be some relief as scheduled development projects are delivered in 2022. The region is also well positioned within the Canadian market as investors foresee that the sector is set for growth in the coming years.

As land prices continue to rise, there is an opportunity for the industrial sector to embark on the development of multi-level buildings to maximize land area. This could also be a solution to the scarcity of available land on the market.

The e-commerce boom during the pandemic was a major shift for the industrial market in Montréal and the heightened interest from big players such as Amazon is a clear indicator of the attractiveness of the region. While Montréal has always lagged behind other major industrial markets in Canada, it seems the region is ripe for growth and the next few years could see Montréal finally take its place at the forefront of industrial markets in the country.