Suburban markets experienced significant transaction volumes during Q4 2019 with vacancy reaching 15.3%, dropping 90 bps since last quarter.
The upcoming closure of the Deux-Montagnes train line sparked high interest in the Laval submarket, causing product scarcity.
2019 set a record with 863,819 sq. ft. absorbed Downtown, year-to-date.
Of the space currently defined as “under-construction” that will be added to the office inventory in 2020, more than 75% has already been pre-leased.
Many knowledge-based companies are in the market actively searching for large blocks of space including new firms entering the market and local ones expanding and seeking more office space.