Montreal Industrial Figures Q1 2026

‒    The Greater Montreal Area (GMA) started 2026 on a strong note with net absorption above 336,000 sq. ft.

‒    Availability rate remains flat, but vacancy declined 80 basis points (bps) to 5.4%, representing the first reduction in vacancy since Q4 2021.

‒    Asking net rents have adjusted downward for a ninth consecutive quarter.

‒    The above 26’ clear height category continues to account for over half of the available space in terms of square footage, driven by an oversupply of Class A product.

‒    2.8 million sq. ft. remains under construction primarily in the Laval and the North Shore submarkets, accounting for 76.3% of the current pipeline.

‒    Intelcom mandated Rosefellow to develop a 190,000 sq. ft. build-to-suit distribution facility in Candiac.