Why implement your retail space in Montreal?

Montreal's retail sector offers a plethora of opportunities for businesses looking to lease retail space. The city is known for its vibrant and diverse shopping scene, catering to a wide range of consumer preferences. From upscale boutiques and high-end fashion retailers to local artisans and trendy concept stores, Montreal's retail spaces encompass a broad spectrum.

Prime retail locations can be found in popular areas like downtown, Old Montreal, and trendy neighborhoods such as the Plateau-Mont-Royal and Mile End. These areas attract both locals and tourists, providing excellent foot traffic and exposure. Whether it's a flagship store, a boutique shop, or a pop-up concept, businesses can find a suitable retail space in Montreal to engage with the city's dynamic and fashion-forward consumer base..

How much does it cost to rent a retail space in Montreal?

The cost of renting a retail space in Montreal can vary significantly depending on several factors, including the location, size, condition, and desirability of the space. Rental prices are typically higher in prime and high-traffic areas compared to less central or less popular locations. Additionally, the type of retail space, such as street-level storefronts, shopping mall units, or standalone buildings, can also impact the cost. Retail rental prices in Montreal range from approximately $25 to $75 CAD per square foot per year.

To read: our Montreal MarketBeat report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Are retail space rents likely to increase in Montreal? 

The future trajectory of retail space rents in Montreal is influenced by various factors, including market conditions, economic trends, consumer demand, and supply and demand dynamics. While it is challenging to predict with certainty, there are several factors that suggest the potential for increasing retail space rents in Montreal.

Montreal has a vibrant and growing retail sector, with a diverse range of businesses and a strong consumer base. As the city continues to attract businesses and experiences economic growth, the demand for retail space may increase, potentially leading to higher rental prices.

Additionally, prime retail locations in popular areas such as downtown, Old Montreal, and trendy neighborhoods like the Plateau-Mont-Royal can experience high demand due to their desirable foot traffic and consumer visibility. Limited availability in these sought-after locations could contribute to rental price increases.

Getting to and from Montreal

Montreal is a major city and transportation hub in Canada, with several options for getting to and from the city:

• By Air: Montreal is served by the Montreal-Pierre Elliott Trudeau International Airport, which is located about 20 kilometers (12 miles) from downtown. The airport offers flights to and from many destinations in Canada, the United States, and around the world.
• By Train: Montreal is connected to other major Canadian and US cities by train via VIA Rail Canada and Amtrak. The city's main train station is Gare Centrale, which is located downtown and offers connections to destinations throughout the region.
• By Bus: Several bus companies, including Greyhound and Megabus, offer service to and from Montreal, with connections to cities throughout Canada and the United States.
• By Car: Montreal is located at the intersection of several major highways, including the Trans-Canada Highway, making it easily accessible by car. However, traffic in and around the city can be congested, particularly during peak hours.
• Public Transportation: Once in Montreal, the city offers an extensive public transportation system, including buses and a subway system called the Metro, which makes it easy to get around the city without a car.