• On the back of strong demand, GMA has witnessed surging absorption in Q2 2019, as the availability rate went down by 50 basis points (bps) and reached 3.2%.
  • Shrinking available space stimulated growth of rents and sales prices by 7.1% and 34.7% year-over-year respectively, fostering new industrial development.
  • Construction activity in Montreal continues to gain momentum with over 2.0 million sq. ft. under development, predominantly represented by purpose-built projects.
  • Large tracts of industrial zoned land have become very scarce, with the average land cost standing above the national average, although still behind Toronto and Vancouver.