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
Last Updated: 10-Nov-2009

* 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 28.50	CDN 55.00	CDN 6.80	$ 29.69	$ 57.29	$ 7.08	6.8%	N/A
Class A (Prime)	CDN 35.00	CDN 42.00	CDN 7.20	$ 36.46	$ 43.75	$ 7.50	7.2%	N/A
Class B (Secondary)	CDN 12.00	CDN 20.00	CDN 7.60	$ 12.50	$ 20.83	$ 7.92	7.6%	N/A

Suburban Office
New Construction (AAA)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Class A (Prime)	CDN 25.00	CDN 31.00	CDN 11.00	$ 26.04	$ 32.29	$ 11.46	11.0%	N/A
Class B (Secondary)	CDN 15.00	CDN 20.00	CDN 11.50	$ 15.63	$ 20.83	$ 11.98	11.5%	N/A

Industrial
Bulk Warehouse	CDN 4.75	CDN 6.50	CDN 6.00	$ 4.95	$ 6.77	$ 6.25	6.0%	N/A
Manufacturing	CDN 4.25	CDN 6.00	CDN 6.50	$ 4.43	$ 6.25	$ 6.77	6.5%	N/A
High Tech / R&D	CDN 5.75	CDN 7.25	CDN 7.00	$ 5.99	$ 7.55	$ 7.29	7.0%	N/A

Retail
Downtown	CDN 45.00	CDN 200.00	CDN 5.00	$ 46.88	$ 208.33	$ 5.21	5.0%	N/A
Neigborhood Service Centers	CDN 13.00	CDN 25.00	CDN 6.50	$ 13.54	$ 26.04	$ 6.77	6.5%	N/A
Community Power Center	CDN 22.00	CDN 32.00	CDN 3.50	$ 22.92	$ 33.33	$ 3.65	3.5%	N/A
Regional Malls	CDN 30.00	CDN 55.00	CDN 6.00	$ 31.25	$ 57.29	$ 6.25	6.0%	N/A

Development Land	Low/Acre	High/Acre	Low/Acre	High/Acre
Office in CBD	CDN 6.50	CDN 15.00	$ 6.77	$ 15.63
Land in Office Parks	CDN 5.50	CDN 15.00	$ 5.73	$ 15.63
Land in Industrial Parks	CDN 4.50	CDN 14.00	$ 4.69	$ 14.58
Office/Industrial Land - Non-park	CDN 4.50	CDN 15.00	$ 4.69	$ 15.63
Retail/Commercial Land	CDN 8.00	CDN 15.00	$ 8.33	$ 15.63
Residential	CDN 6.00	CDN 28.00	$ 6.25	$ 29.17

Conversion .96CDN = 1 US$

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