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Montreal Industrial Property Performance Struggles To Recover From Recent Wave of Large Bay Space

One Fifth of City’s Industrial Space Measuring Between 250,000 and 499,999 Square Feet Was Built Since 2020

More than twice as many large bay industrial facilities, defined as those with a rentable building area or RBA of between 250,000 to 499,999 square feet, were built in the Montreal market over the past 4.5 years as in the entire previous decade, from 2010 to 2019.

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