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The Greater Montreal Area (GMA) did well in terms of leasing activity in the fourth quarter, with just under 3 million square feet leased across 191 buildings and approximately 875,000 square feet of positive net absorption. This resulted in a slight decrease to the overall GMA vacancy rate, which currently sits at to 5.8 percent, down 20 basis points quarter-over-quarter and 30 basis points year-over-year. Several large leases were inked in the fourth quarter including Robert Transport’s 245,000 square foot renewal at 1600 50e Avenue, in Lachine, for 48 months.
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