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How is the industrial real estate market performing?

12 April 2022

With the significant increase in real estate demand, industrial rental prices are reaching record levels! Find out how Excellence industrielle Saint-Laurent can help you quickly identify rental opportunities. 

 

It surely comes as no surprise that the current industrial market is characterized by a significant increase in demand, which is reflected in rental and sale prices. 

 

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For the first time in the Montréal industrial real estate market, the average net rental price has surpassed the $10/sq. ft. mark, which does not include building operating costs that can run anywhere between $3.50 and $4.50/sq. ft.

 

Due to the popularity of Saint-Laurent’s industrial park, average net rental costs in the borough can even exceed $11/square foot. 

Moreover, last quarter, the availability rate of industrial space in Saint-Laurent was only 0.6%—which is absolutely unprecedented.

 

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According to real estate firm CBRE, “This rental growth is due to a major imbalance of supply and demand, compounded by many property owners resetting their posted rates this quarter to adjust to market conditions. This imbalance will remain significant in the Montréal industrial market and everything seems to indicate that it will not end in 2022.”

 

 

Real estate research at your service

Did you know that, for close to 25 years, Excellence industrielle Saint-Laurent has been offering a service aimed at helping business leaders find the ideal site in the borough of Saint-Laurent? Focusing on the manufacturing sector, Excellence industrielle makes it a point to welcome new projects on its territory and help companies already established in the area to relocate.

 

Whether a company is looking for a small facility or something to accommodate larger projects, the team is able to quickly identify industrial facilities and land available in Saint-Laurent. Using an updated database, we can provide a report that meets your criteria and needs.

 

The software provides a list of available facilities including details regarding:

  • surface area,
  • clear height,
  • number of loading docks,
  • contact information of the property owner and real estate brokers,
  • and more.

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Offered free of charge, this service provides a complete overview of available office and industrial spaces to help you begin your search for a location in one of Québec's leading industrial and technological hubs.

 

 

Sustainable Industrial Building Program

To encourage the new construction or major renovation of industrial buildings, the City of Montréal provides a subsidy in the form of a property tax credit. 

 

This subsidy can cover up to 100% of the increase in property value over a period of 5 years, provided that the work undertaken is indeed sustainable.

 

Proud of its environmental values, the borough of Saint-Laurent was among the first to promote the greening of businesses in Québec. The LEED standard is now a requirement for all new constructions.

 

If you would like to discuss this further with our professionals, please contact Luc Duguay, our Real Estate Commissioner. 

 

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