Montreal has 5 distinct Class A submarkets we track, anchored by Downtown CBD at the trophy tier.
Montreal has 5 distinct Class A submarkets we track, anchored by Downtown CBD at the trophy tier.
**Downtown CBD** (trophy, ~C$52/sqft/yr · ≈ $38.5 PSF/yr USD) — Trophy stock at Place Ville Marie. **Mile-Ex & Marconi** (prime, ~C$40/sqft/yr · ≈ $29.6 PSF/yr USD) — AI research and tech cluster. **Griffintown & Old Port** (prime, ~C$44/sqft/yr · ≈ $32.6 PSF/yr USD) — Repositioned waterfront creative submarket. **René-Lévesque West** (prime, ~C$42/sqft/yr · ≈ $31.1 PSF/yr USD) — Trophy expansion corridor. **West Island & Saint-Laurent** (established, ~C$28/sqft/yr · ≈ $20.7 PSF/yr USD) — Aerospace and tech belt.
| city | Montreal |
|---|---|
| country | Canada |
| region | Americas |
| classARentLocal | 38 CAD/sqft/yr |
| classARentUsd | $28/sqft/yr |
| vacancy | 18.6% |
| typicalLeaseYears | 10 |
| typicalRentFreeMonths | 12 |
| submarkets | 5 |
| primeYieldPct | 6.6% |
| trophyCount | 1 |
| primeCount | 3 |
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.