Robust market fundamentals continue to drive Montreal’s industrial sector as the overall availability rate compressed by 10 basis points (bps) to a record low 2.5% in Q3 2020.
A positive absorption of 264,559 sq. ft. in the reported quarter brought the total year-to-date absorption to 792,148 sq. ft., a strong number in the context of COVID-19.
Industrial continues to perform well relative to other asset types, as pricing levels are testing new record highs with asking net rents and sale prices grown by 0.7% and 6.1% respectively in Q3 2020.