{
  "url": "https://classa.info/cities/montreal",
  "title": "Montreal Class A Office Market",
  "description": "AI capital of Canada with deep aerospace and creative industries tenancy.",
  "oneSentenceAnswer": "Montreal Class A office rents around C$38/sqft/yr · ≈ $28.1 PSF/yr USD, with 18.6% vacancy and 12 months of typical rent-free on a 10-year term.",
  "tldr": [
    "AI cluster anchored by MILA and the McGill / UdeM research base is structurally unique in North America.",
    "Trophy stock (Place Ville Marie, 1000 De La Gauchetière) trades at C$48-$56/sqft.",
    "REM automated light rail (opening 2024-25) materially expands the catchment.",
    "Aerospace (Bombardier, CAE, Pratt & Whitney) underwrites long-duration tenancy."
  ],
  "keyFacts": {
    "city": "Montreal",
    "country": "Canada",
    "region": "Americas",
    "classARentLocal": "C$38/sqft/yr · ≈ $28.1 PSF/yr USD",
    "classARentUsd": "$28.12/sqft/yr",
    "vacancyPct": "18.6%",
    "typicalLeaseYears": 10,
    "typicalRentFreeMonths": 12,
    "submarkets": 5,
    "corporateTaxPct": "26.5%",
    "talentIndex": 86
  },
  "faqs": [
    {
      "question": "How significant is the Quebec language regime for tenants?",
      "answer": "Material. Bill 96 strengthened French-language requirements for workplace and customer communications. Tenants should plan signage, contracts, and key personnel French capability."
    },
    {
      "question": "What is the AI tenant cluster?",
      "answer": "MILA hosts ~700+ AI researchers across academic and corporate affiliates. Around the Mile-Ex / Marconi neighborhoods, applied AI tenants (Element AI alumni, Google Brain Montreal, Microsoft Research) anchor a structural cluster."
    },
    {
      "question": "How does the REM change leasing decisions?",
      "answer": "Material. The REM materially expands the Class A trophy commuter catchment from the West Island, South Shore, and North Shore — repricing long-distance commute economics."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/montreal), updated 2026-04-15T00:00:00.000Z."
}