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Local Industrial Report - Greater Montreal Area - Q4 2013

  • ​The Greater Montréal Area (GMA) leasing market strengthened in the last quarter of 2013 with the best performances recorded in Dorval and Pointe-Claire.
  • With a more optimistic economic outlook for 2014, investors and developers’ level of confidence seems to have boosted as new developments and pre-leasing deals rose towards the end of 2013.
  • Sublease space is expected to rise on the island of Montréal due to the more affordable rental rates that these spaces offer; an attractive option for building owners who are thinking of downsizing.

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