Montreal is home to the second-largest economy of the country; it is a centre of finance, commerce, industries and vibrant culture. The city boasts a well-established educational scene and has a growing tech sector. It regularly hosts international business occasions and conferences, sports events, etc. In the Global Liveability Ranking, published in 2017, Montreal was 12th in the list of the most liveable cities in the world. The commercial real estate market in Montreal has never been hotter. For many years already, the city remains a sought-after place for businesses, residents and investors. Housing and commercial real estate in Montreal is regarded as a stable sector for financial investments. The investment volume in 2019 has reached the point of $7,5 billion, which is $1,5 billion higher than in the previous year. The stock is driven by the record-high demands coming from various groups of tenants. This situation provokes an increase in the rental rates across the office, industrial, and retail sectors. Thus, the most expensive commercial space for rent in Montreal is of office type with the average asking rate of $20 per sq.ft. Warehouses and shops can be rented for approximately $7,5 and $15 per sq.ft., respectively. Despite the constant supply of new commercial space and the developments waiting in the pipeline, Montreal still faces a decrease in vacancy rates. To cope with the growing number of potential tenants, the landlords try to make the premises ready to meet the demands of businesses of any types and sizes. View the commercial real estate listings in Montreal presented on our website. With such considerable variability, you will likely choose the most suitable variant for your business quickly and easily. Our service is free of charge for tenants.
