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Demand for smaller spaces driving Montreal’s industrial leasing recovery

Number of large lease deals remains below high level in 2022
A distribution facility at 1280 rue Nobel in Boucherville, along Montreal’s South Shore. In recent quarters, tenants seeking smaller logistics space have outpaced those seeking larger footprints. Olivier Gariépy (CoStar)
A distribution facility at 1280 rue Nobel in Boucherville, along Montreal’s South Shore. In recent quarters, tenants seeking smaller logistics space have outpaced those seeking larger footprints. Olivier Gariépy (CoStar)
CoStar Analytics
May 11, 2026 | 2:36 AM

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Recent leasing trends underscore a clear structural shift in Montreal’s industrial market: leasing activity is increasingly being driven by smaller space users, even as demand for large-format logistics facilities remains uneven.

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