Montreal still awaits return of higher demand for large-bay industrial buildings

Demand for Montreal’s industrial market continues to soften, especially in mid- to large- size facilities measuring between 50,000 to 500,000 square feet, where the availability rate has increased to between 7% and 11% as of the third quarter 2024. This is significantly higher than in the third quarter 2022, when the availability rate was less than 4% for this industrial building segment.