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Industrial Sublease Offerings Hit Record Total in Montreal

Asking Rents Declined 3.8% Year Over Year for Industrial Properties in First Quarter
This 158,000-square-foot facility at 17400 Trans Canada Highway in Kirkland, west of downtown Montreal, was recently sublet. (CoStar)
This 158,000-square-foot facility at 17400 Trans Canada Highway in Kirkland, west of downtown Montreal, was recently sublet. (CoStar)

Montreal’s once-blazing industrial property market has cooled as a record number of tenants are looking to sublet their premises.

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