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Montreal Industrial Insight - Q3 2016

The Greater Montreal Area (GMA) did well in terms of leasing activity in the third quarter, with over 3.3 million square feet leased across 137 buildings and over 1.6 million square feet absorbed. Only 2.1 million square feet of industrial space has come to market for lease; if this trends continues, the lack of supply on the market may push landlords and developers to begin speculative construction. Total vacancy came in at 6.0 percent, down 476 basis points quarter-over-quarter.

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