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Building on its momentum, the Greater Montreal office market closed the quarter with 334,000 square feet absorbed, bringing the vacancy rate down from 10.0% to 9.5%. In comparison, the vacancy rate stood at 11.8% during the same period last year. Since the start of 2007, 1,300,000 square feet have been absorbed. Resulting equally from downtown and suburb activity, this stronger market flows mainly from modest transactions which took place mainly in Class B inventory. Asking net rents have not yet changed significantly.
Contact Michael Friedlieb at 514.745.2428 x 111 for more information.
  MTL_KwldgReprt_2007-Q3_OFFICE-Eng.pdf
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