The decline in vacancy led to longer periods of negotiations.
Google Inc. officially announced the lease of nearly 100,000 sq. ft. at 425 Viger Street, a property currently under renovation.
As a city still targeted by tech companies, Montreal’s environment favours their growth. The scenario repeats itself: small tech startups are growing fast, their needs for more office space increase accordingly, leading to several expansions.
The upcoming deliveries, which total 954,510 sq. ft., should provide tenants looking for new facilities with more flexibility.