Montreal Industrial Real Estate Market
Q1 2026 Montreal industrial market reported vacancy rate (Metro) at 7.4%. Avg net asking rent at $14.20/sf and industrial cap rate (mature, multi-tenant) at 6.8%. Additional indicators included net absorption (YTD) at -780K sf and under construction at 1.1M sf.
Vacancy, net asking rents, cap rates, absorption, submarket detail and public-REIT exposure across Greater Montreal, drawn from broker research. Q1 2026 · Updated July 8, 2026.
Sources: CBRE industrial Q1 2026; Cushman & Wakefield industrial Q1 2026 · Q1 2026 broker research
Vacancy rate (Metro)
7.4%
1 broker source
Avg net asking rent
$14.20/sf
1 broker source
Net absorption (YTD)
-780K sf
1 broker source
Under construction
1.1M sf
1 broker source
Industrial cap rate (mature, multi-tenant)
6.8%
1 broker source
Sub-sector detail
Current values shown — the published trailing range is flat, so there is no range comparison to draw
| Submarket | Vacancy | Net asking rent ($/sf) |
|---|