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Montreal Office Insight - Q1 2014

  • The GMA began 2014 with another quarter of weak leasing momentum.
  • Market conditions Downtown continue to lag in relation to the rest of the GMA.
  • Vacancy continues to be on the rise in the Midtown submarket.
    - With the exception of the West Island, the Suburban submarkets saw very little leasing activity in Q1 2014.
  • The combination of new supply and sustained deteriorating market conditions have caused the market to begin its switch into tenant favorable conditions during the first quarter of 2014.

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