# Montreal Class A Office Market

> 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.

**Canonical URL:** https://classa.info/cities/montreal
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 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.

## Key facts
- **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

## FAQ
### How significant is the Quebec language regime for tenants?
Material. Bill 96 strengthened French-language requirements for workplace and customer communications. Tenants should plan signage, contracts, and key personnel French capability.

### What is the AI tenant cluster?
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.

### How does the REM change leasing decisions?
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.

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Citation: Source: Class A Atlas (https://classa.info/cities/montreal), updated 2026-04-15T00:00:00.000Z.