Quebec City Office Figures Q4 2025

‒    Activity in main office hubs such as Downtown Fringe, Sainte-Foy and Upper-town/National Assembly allows for 39,528 sq. ft. of positive net absorption.

‒    Average net asking rent remains steady around the low to mid $15.00 range for over two consecutive years.

‒    Sublet availability continues to shrink as 90,000 sq. ft. was removed year-over-year, echoing trends in major markets.

‒    Quality space is limited, as there are only four buildings that can accommodate tenants with requirements over 30,000 sq. ft. in the Class A category.

‒    The tramway project will add 19 km of public transit and connect Sainte-Foy, Saint-Roch, Cap-Rouge, Charlesbourg, Université Laval and Parliament Hill. This project will provide more efficient commute options and can be a boon for office leasing in the future.