• Downtown office vacancies increased for the third consecutive quarter, recording 618,000 sq. ft. of negative net absorption.
  • Officials announced the expansion of the Light Rail Train (REM) in the East End of Montreal.
  • Volume of space offered for sublet reached 1.3 million sq. ft. in the Greater Montreal Area (GMA), a 134.1% increase since Q1 2020.
  • Landlords remain rigid on asking net rents for top-quality office product: downtown Class A net average asking rate stands at $24.95 per sq. ft.