Montreal Retail Real Estate Market
Q1 2026 Montreal retail market reported vacancy rate at 2.1%. Retail cap rate (neighbourhood) at 7.0%. Additional indicators included under construction at 600K 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; JLL retail Q1 2026 · Q1 2026 broker research
Vacancy rate
2.1%
1 broker source
Under construction
600K sf
1 broker source
Retail cap rate (neighbourhood)
7.0%
1 broker source
Sub-sector detail
Shaded by position within the trailing 5-quarter range
| Sub-sector | Vacancy |
|---|---|
| Super Regional Mall | 5.4% 1.0%–5.4% |
| Community Centre | 3.7% 3.3%–3.7% |
| Regional Mall |