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Montreal office sector reels amid US-Canada trade dispute

Market's vacancy rate rises to 19.8% as subleases flood market, CBRE says
Montreal's downtown office spaces went increasingly empty at the start of 2025. (CoStar)
Montreal's downtown office spaces went increasingly empty at the start of 2025. (CoStar)

Montreal is not considered one of the cities most at risk as the trade dispute between Canada and the United States plays out, but its office real estate sector is experiencing the sharpest pain of major Canadian cities so far this year as occupiers leave aging space for top-quality buildings.

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