Montreal Industrial Figures Q4 2025

‒    Asking net rents have adjusted downward for eight consecutive quarters.

‒    Net absorption for the 2025-year totals negative 2.7 million sq. ft. This is the third year of negative net absorption.

‒    The East End had the highest year-over-year net asking rental decrease with 13.5%.

‒    The 26’+ clear height category now accounts for half of the available space in terms of square footage, driven by an oversupply of Class A product.

‒    Agropur, a dairy agricultural cooperative, mandated Rosefellow to develop a 124,000 sq. ft. refrigerated distribution centre at their Boisbriand project.

‒    Dream Industrial REIT established a joint venture with CPP Investments to acquire approximately $3 billion in Canadian industrial properties. Montreal is a market of interest.