• Montreal’s sublease vacancy increased by 36.5% since Q2 2020 to reach more than 1.0 million sq. ft., representing 12.0% of the overall vacancy.
  • The downtown market continues to be more impacted than the suburban area, with Class B assets taking most of the brunt of the COVID-19 effect.
  • 400,000 sq. ft. of loft office space could potentially be converted at the Hudson’s Bay Company flagship property on Sainte-Catherine Street, as it has been put up for sale.