In 2023, the net absorption of office space in Montreal remained negative, meaning that more tenants moved out of office space than the ones that moved in during this period. The drastic decline was a result of the coronavirus (COVID-19) crisis. According to the forecast, office space absorption is expected to rise in 2024, reaching -0.53 million square feet. The uptick can also be seen on a national level.
Net absorption of office space in Montreal, Canada from 2016 to 2023 with a forecast for 2024
(in million square feet)
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CBRE Group. (February 26, 2024). Net absorption of office space in Montreal, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet) [Graph]. In Statista. Retrieved November 08, 2024, from https://www.statista.com/statistics/953936/net-absorption-office-montreal/
CBRE Group. "Net absorption of office space in Montreal, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet)." Chart. February 26, 2024. Statista. Accessed November 08, 2024. https://www.statista.com/statistics/953936/net-absorption-office-montreal/
CBRE Group. (2024). Net absorption of office space in Montreal, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet). Statista. Statista Inc.. Accessed: November 08, 2024. https://www.statista.com/statistics/953936/net-absorption-office-montreal/
CBRE Group. "Net Absorption of Office Space in Montreal, Canada from 2016 to 2023 with a Forecast for 2024 (in Million Square Feet)." Statista, Statista Inc., 26 Feb 2024, https://www.statista.com/statistics/953936/net-absorption-office-montreal/
CBRE Group, Net absorption of office space in Montreal, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet) Statista, https://www.statista.com/statistics/953936/net-absorption-office-montreal/ (last visited November 08, 2024)
Net absorption of office space in Montreal, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet) [Graph], CBRE Group, February 26, 2024. [Online]. Available: https://www.statista.com/statistics/953936/net-absorption-office-montreal/
