Mile-Ex & Marconi is a prime-tier Class A submarket of Montreal with average asking rent around C$40/sqft/yr · ≈ $29.6 PSF/yr USD.
AI research and tech cluster. · Tier: prime · Avg rent: C$40/sqft/yr · ≈ $29.6 PSF/yr USD
Mile-Ex and Marconi anchor Montreal's applied AI cluster — MILA, Element AI alumni, and a deep network of AI research and applied tech tenants.
AI research, tech, creative agencies, video games.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
De Castelnau, Parc (Métro Blue / exo Mascouche line).
Multi-modal transit captures the metro's principal professional catchment.
Marché Jean-Talon, Little Italy, Mile End.
Mile-Ex & Marconi is one of 5 Class A submarkets we cover in Montreal, classified as prime tier with an average asking rent around C$40/sqft/yr · ≈ $29.6 PSF/yr USD. Compared with the broader Montreal Class A stock, Mile-Ex & Marconi typically attracts AI research, tech, creative agencies, video games and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Mile-Ex & Marconi: Downtown CBD, Griffintown & Old Port, René-Lévesque West, West Island & Saint-Laurent. The full Montreal submarket atlas is at /cities/montreal.
For an institutional Class A occupier evaluating Mile-Ex & Marconi, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Montreal Class A leasing and to the prime tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.