CBRE: Montreal overall office vacancy rate up slightly from 13.1% to 13.2% in 2016

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In its 2016 Canadian Market Outlook report, CBRE noted that the overall vacancy rate for offices across Montreal is expected to rise marginally from 13.1% in 2015 to 13.2% in 2016. The Class A Net Rental Rate is expected to rise from CAD19.27 per square foot to CAD19.53 per square foot. Absorption is expected to grow from 0.33mn square feet to 0.43mn square feet. New supply is expected to drop from 0.67mn square feet to 0.58mn square feet. Stock that is under construction should fall from 1.82mn square feet to 1.55mn square feet.

Source : December 2015/CBRE/Montreal/OFF