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Industrial vacancy rates reach lowest point in eight years amid a market increasingly favorable to landlords

• As of quarter one 2018, the vacancy rate for industrial real estate in the Greater Montreal Area is the lowest it has been in at least eight years, coinciding with a sizeable decrease in unemployment.

• As the economy expands and unemployment falls, demand for industrial space reaches new heights, leading to a tightening of the industrial real estate market. The scarcity of quality space provides landlords with a superior negotiating position and has contributed to increasing rental rates and asking prices. As the market continues to warm, we expect to see exciting opportunities for new developments in the near future.

Source: JLL Research

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