C&W Greater Montreal Area Office Scorecard - Q1 2021
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C&W Greater Montreal Area Office Scorecard - Q1 2021. Snapshot of leasing activity, absorption , rental rates and overall vacancy rates .
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C&W Greater Montreal Area Office Scorecard - Q1 2021
- 1. 42.5% 32.8% 9.2% 15.5% < 5,000 5,000-9,999 10,000-14,999 15,000-19,999 DIRECT RENTAL RATE VS. OVERALL VACANCY RATE OVERALL NET ABSORPTION SIGNIFICANT AVAILABILITIES BUILDING SIZE (SF) CLASS LEASE TYPE Place Innovation / 2341 boul. Alfred Nobel 162,300 A Sublease 5025 Lapinière 117,110 A Direct 1981 McGill College 111,600 A Direct SIGNIFICANT Q1 2021 LEASE TRANSACTIONS NEW LEASING ACTIVITY 2021 Q1 LEASING BY SIZE (SF) (including renewals) ADDRESS TENANT SIZE (SF) TYPE Place Victoria / 800 Square Victoria SQI 38,400 Renewal Humaniti / 385 av. Viger Ouest Zendesk 16,000 New Tenant 407 rue McGill Undisclosed 12,285 New Tenant Office Market | Q1 2021 MONTREAL, QC Vacancy Rate 12.8% $33.15 Average Rental Rate -1.1 MSF YTD Overall Net Absorption 133.5% YOY Leasing % Change 0.6 MSF YTD Leasing 103.5 MSF Inventory SUPPLY DEMAND 0.0% 5.0% 10.0% 15.0% 20.0% $20.00 $25.00 $30.00 $35.00 $40.00 2015 2016 2017 2018 2019 2020 2021 YTD Central Area Direct Rental Midtown & Surburbs Direct Rental Central Area Overall Vacancy Midtown & Suburbs Overall Vacancy -2,500,000 -1,500,000 -500,000 500,000 1,500,000 2,500,000 2015 2016 2017 2018 2019 2020 2021 YTD GMA Central Area Midtown & Suburbs 8.3% Greater Montreal Unemployment Rate -0.3% YOY Change, Employment 0.0 1.0 2.0 3.0 2016 2017 2018 2019 2020 2021 MSF Q1 Q2 Q3 Q4 5-year Average