CBRE: Montreal industrial availability rate down from 7.5% to 7.1% in 2016

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In its 2016 Canadian Market Outlook report, CBRE noted that the overall availability rate for industrial property in Montreal is expected to fall from 7.5% in 2015 to 7.1% in 2016. The Net Rental Rate is expected to slip from CAD5.29 per square foot to CAD5.23 per square foot. Absorption is expected to rise from 0.88mn square feet to 2.22mn square feet. New supply is expected to drop from 2.67mn square feet to 1.31mn square feet. Stock that is under construction should fall from 0.33mn square feet to 0.30mn square feet.

Source : December 2015/CBRE/Montreal/IND