Figures

Montreal Industrial Figures Q2 2026

Sustained net absorption signals gradual improvement in availability rate

July 21, 2026 5 Minute Read

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  • The Greater Montreal Area (GMA) had two consecutive quarters of positive net absorption, totalling 856,000 sq. ft. in the last six months.
  • 18 out of 30 submarkets posted positive net absorption.
  • Demand has increased for Class A product as occupiers weigh their options in a push towards quality.
  • Asking net rents have adjusted downward for a tenth consecutive quarter.
  • Listings on market for over a year, and older vintage product, were the largest culprits for the recent pricing decline.
  • The under-construction pipeline has slowed considerably and is below 1.5 million sq. ft. for the first time since Q1 2019.