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Industrial slowdown takes hold across Montreal

Older warehouses, distribution buildings bear brunt of demand fall-off
The giant GM Posco plant at Bécancour Industrial Park, seen here in a 2023 photo, was emblematic of the industrial development wave that has now cooled. (General Motors Canada)<br/>
The giant GM Posco plant at Bécancour Industrial Park, seen here in a 2023 photo, was emblematic of the industrial development wave that has now cooled. (General Motors Canada)
CoStar News
January 21, 2026 | 9:50 P.M.

For the past few years, Montreal has been one of Canada’s hottest industrial real estate markets, with a limited amount of available modern industrial space, increasing rents and a development pipeline racing to keep up.

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