The vacancy rate in June 2015

Home / Market / The vacancy rate in June 2015

With the addition of new office towers in downtown Montreal, vacancy rates increased throughout 2015 with a record of 16% in the corridor McGill College and the Financial District at the end of the 2nd quarter of 2015. For buildings of class A and B downtown it was almost 13% vacancy representing over 3.5 million square feet on availability! Most brokerage firms agree that this situation will not change in the short term. The rental market will remain in favor of the tenants for several quarters to come.

Recent Posts
Contact Us