Vacancy rates, June 2014

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The injection in the office market of new square footage from the Deloitte Tower, l’Avenue, Aimia and the brand new Manuvie building will contribute to the increase of the vacant rates in the next quarters. Added to the increased number of sublet offers, the office market more specifically in the downtown Montreal area , will bring interesting options to tenants and will favor their side  of the deal.

(from the Altus group site)

Greater Montreal – All categories of buildings (772 buildings)

5 last quarters (Q)           
Q1/13                  Q2/13                  Q4/13                  Q1/14                  Q2/14
10.6%                  10.8%                  12.1%                  12.8%                  13.5%

 

Downtown Montreal (285 buildings)

5 last quarters
Q1/13                  Q2/13                  Q4/13                  Q1/14                  Q2/14
8,4 %                    8,5 %                    9,7 %                 10,2 %                11,2 %

Old Montreal (58 buildings)

5 last quarters
Q1/13                  Q2/13                  Q4/13                  Q1/14                  Q2/14
8,8 %                    9,2 %                    8,3 %                  8,4 %                 9,0 %

 

Downtown south (including Griffintown) (50 buildings)

5 last quarters
Q1/13                  Q2/13                  Q4/13                  Q1/14                  Q2/14
5,8 %                   5,2 %                  6,6 %                    7,1 %                    7,9 %

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