Montréal

The commercial real estate market in Montreal has never been so vibrant. Local businesses continue to expand and outgrow their premises and foreign companies are gravitating to the Greater Montreal Area (the ‘’GMA’’) to benefit from the relatively low occupancy and labor costs in comparison to Toronto and Vancouver.

Cresa Montreal would like to introduce our new Virtual Tour for Agile DSS in Old Montreal, where you can interact with and travel through their space and see first hand the office space solutions we provide for tenants exclusively.

Both the office and industrial markets tighten further this quarter as leasing activity increases and vacancy continues to decrease. Labor market conditions in Montreal remain healthy and are expected to steadily improve.

The rapid spread of COVID-19, and the public health measures taken to reduce its deadly impacts, have caused significant disruptions to global economic markets. Due to widespread business closures in America’s largest urban markets, and uncertainty over the duration and recovery of the pandemic, commercial real estate markets will face challenges in the coming years.

Jack Dorsey made headlines when he announced that both his companies, Twitter and Square, would allow employees to work from home permanently and other companies are considering similar plans. Jim Underhill, the CEO of Cresa, joined Cheddar to discuss.

The commercial real estate market in Montreal has never been so vibrant. Local businesses continue to expand and outgrow their premises and foreign companies are gravitating to the Greater Montreal Area (the ‘’GMA’’) to benefit from the relatively low occupancy and labor costs in comparison to Toronto and Vancouver.