Market Report -- Montreal, Quebec, Canada

Market Research

Properties

Montreal, Quebec, Canada

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Commercial Montreal, 2008
Last Updated: 28-Feb-2008

* Click on each category for a detailed definition.

	RENT/SF/YEAR			RENT/SF/YEAR
	Low	High	Effective Avg.	Low	High	Effective Avg.	Vacancy	Investment Yield
Downtown Office
New Construction (AAA)	CDN 32.00	CDN 38.00	N/A	$ 27.79	$ 33.00	N/A	8.0%	6.5%
Class A (Prime)	CDN 22.00	CDN 32.00	N/A	$ 19.10	$ 27.79	N/A	11.0%	7.8%
Class B (Secondary)	CDN 16.00	CDN 20.00	N/A	$ 13.89	$ 17.37	N/A	12.0%	8.8%

Suburban Office
New Construction (AAA)	CDN 24.00	CDN 28.00	N/A	$ 20.84	$ 24.31	N/A	N/A	7.0%
Class A (Prime)	CDN 18.00	CDN 22.00	N/A	$ 15.63	$ 19.10	N/A	10.5%	8.0%
Class B (Secondary)	CDN 10.00	CDN 16.00	N/A	$ 8.87	$ 13.89	N/A	12.5%	9.0%

Industrial
Bulk Warehouse	CDN 4.25	CDN 6.00	N/A	$ 3.69	$ 4.84	N/A	5.0%	8.0%
Manufacturing	CDN 4.00	CDN 5.00	N/A	$ 3.47	$ 4.60	N/A	6.0%	8.5%
High Tech / R&D	CDN 7.00	CDN 9.00	N/A	$ 6.08	$ 7.82	N/A	5.5%	8.3%

Retail
Downtown	CDN 65.00	CDN 250.00	N/A	$ 56.44	$ 217.11	N/A	4.0%	7.0%
Neigborhood Service Centers	CDN 12.00	CDN 20.00	N/A	$ 10.40	$ 17.37	N/A	6.0%	8.5%
Community Power Center	CDN 21.00	CDN 28.00	N/A	$ 18.24	$ 24.31	N/A	3.0%	7.5%
Regional Malls	CDN 35.00	CDN 50.00	N/A	$ 30.39	$ 43.42	N/A	7.0%	6.5%

Development Land	Low/SF	High/SF	Low/SF	High/SF
Office in CBD (per buildable SF)	CDN 6.00	CDN 12.00	$ 5.00	$ 10.00
Land in Office Parks	CDN 5.00	CDN 10.00	$ 4.00	$ 9.00
Land in Industrial Parks	CDN 4.00	CDN 9.00	$ 3.00	$ 8.00
Office/Industrial Land - Non-park	CDN 4.00	CDN 12.00	$ 3.00	$ 10.00
Retail/Commercial Land	CDN 8.00	CDN 18.00	$ 7.00	$ 16.00
Residential	CDN 6.00	CDN 20.00	$ 5.00	$ 18.00

Conversion .964CDN = 1 US$

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