• Market conditions continue to shift, leading landlords, tenants, and investors to take a more cautious and selective approach to decision-making.

• Vacancy rising as tenants downsize and previously occupied space returns to market

• Large-bay, modern facilities dominate current availability, while small-bay continue to show resiliency

• Functional small bay industrial spaces are taking the market by storm.

• Sales volume in Saint-Laurent halts as demand outweighs supply. 

• Additional rent in the GMA rises by record rate year over year putting downward pressure on net rents.

• The average vacancy rate in the GMA increased by 1% over the last two quarters of the year, creating a balance market.

Industrial land is becoming scarce in the Greater Montreal Area (GMA). With approximately half of the GMA consisting of protected agricultural land forming an invisible Greenbelt, where will industrial occupiers go? Find out more in our latest report, “Industrial Land and the Invisible Greenbelt in the GMA

​