• Non-essential real estate decisions have been put on hold during the COVID-19 pandemic.
  • Class A buildings reported a drop in absorption in the Greater Montreal Area (GMA), with 400,351 sq. ft. of negative net absorption.
  • While downtown sublease vacancy increased 43.5% to 228,000 sq. ft., it is still limited and currently represents only 6.9% of all vacant space and a mere 0.5% of existing inventory.
  • Due to social distancing measures, most construction projects came to a halt in Q2. Projects initially scheduled for delivery in the second half of 2020 are now expected to be delayed.