ASK FOR THE LIST OF Office space for rent OLD Montreal

There are more than 78 million square feet of office space for rent in The Greater Montreal Area

Henri Cousineau Chartered Real Estate Broker 514.839.0608	Ask for the comparative grid of office space for rent in Old Montreal   Montreal – Old Montreal - Laval – Saint-Laurent - West-Island – West-end East End Anjou - South-Shore  - Industrial - Subleases -- Corporate services - References
	Because of the confidential nature of some of the subleases, you must call for all the information: 514.839.0608 - 450.465.6105
	Spaces to rent in Old Montreal vary from 1000 to 225,000 square feet  H2Y 1X4 Prices: $17.00 to $45.00 per square foot / year

OLD MONTREAL OFFICE SPACE  There are more than 500,000 sf. of office space to rent
	300 Saint Sacrement
OFFICE SPACE FOR RENT OLD MONTREAL

VACANCY RATES CLIMB.

The national office space vacancy rate has increased to 11.7 per cent in first quarter of the year from 9.2 in first quarter according to a first quarter office space for rent vacancy rate report released today. All major markets examined reported increases in their vacancy rates.
Companies whose leases space are expiring in the next 12 months are in an advantageous position as softer demand for office space for rent in Montreal is prompting office space building owners  to become retention focused and offer more flexible conditions, particularly in the B and C Class office buildings. Existing tenants with two or less years remaining on their leases are pushing landlords to renegotiate more competitive long-term leases for their office space with incentives. 
Across Canada figures indicate that the leasing activity has slowed significantly the last two quarters A common trend reported in all markets examined is that negative absorption is causing downward pressure on rental rates. 
The current political situation combined with a sluggish U.S. economy is expected to delay recovery in the commercial real estate sector to later this year or quite possibly the first quarter..
In Montreal, the vacancy rate rose to 12.1 per cent in first quarter up from 10.7 per cent in first quarter and edged up marginally by 0.5 percentage points from last quarter.
Montreal's market continues to experience negative absorption, which has carried over from last quarter.
In the short to mid term, the Montreal market will favor the tenant. In this soft market, landlords will be negotiating in an effort to retain their tenants, and attract new ones. The consolidation of Caisse de depot from the downtown core into Old Montreal will result in approximately 400,000 square feet (sq. ft.) of office space returning to the core market. This will result in more opportunities for companies seeking larger tracts of contiguous office space in the downtown Montreal core.
Over the next 12 months, the vacancy rate should increase slightly, leading to softer market conditions.
The suburban market is experiencing different conditions compared to downtown Montreal. With a small amount of positive absorption and little new supply on the market, vacancy rates are decreasing slightly.
In popular suburban areas like the West Island, the office space for rent vacancy rate in Class A buildings are very low. However, analysts anticipate an increase in available office space for rent as technology companies continue to rationalize their operations. 
H2Y 1X4