Montreal Office Real Estate Market
Q1 2026 Montreal office market reported vacancy rate (Metro) at 17.8%. Avg asking gross rent (all classes) at $36.69/sf and downtown office cap rate (Class A) at 7.5%. Additional indicators included availability rate at 18.7%, net absorption (YTD) at -524K sf, and under construction at 194K 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 caprates capital markets Q1 2026; Colliers office Q1 2026; Cushman & Wakefield office Q1 2026 · Q1 2026 broker research
Vacancy rate (Metro)
17.8%
1 broker source
Availability rate
18.7%
1 broker source
Avg asking gross rent (all classes)
$36.69/sf
1 broker source
Net absorption (YTD)
-524K sf
1 broker source
Under construction
194K sf
1 broker source
Downtown office cap rate (Class A)
7.5%
1 broker source
Sub-sector detail
Current values shown — the published trailing range is flat, so there is no range comparison to draw