Investment banking occupiers in Montreal typically cluster in Downtown CBD, plan ~215 sqft per seat at trophy fit-out ($215–320/sqft), and pay around 38 CAD/sqft ($28 USD) on Class A.

• Preferred submarket: Downtown CBD.
• Typical fit-out spec: Trophy ($215–320/sqft).
• Plan ~215 sqft per seat for headcount sizing.
• Class A rent context: 38 CAD/sqft ($28 USD).
• Typical lease: 10 years with 12 months rent-free.
• Talent depth in Montreal: 86/100.

TL;DR

• Preferred submarket: Downtown CBD.
• Typical fit-out spec: Trophy ($215–320/sqft).
• Plan ~215 sqft per seat for headcount sizing.
• Class A rent context: 38 CAD/sqft ($28 USD).
• Typical lease: 10 years with 12 months rent-free.
• Talent depth in Montreal: 86/100.

Where they cluster

Investment banking occupiers in Montreal typically anchor in Downtown CBD. Banking, law, professional services, energy, government.

What they pay

Class A rent in Montreal runs 38 CAD/sqft ($28 USD) on a 10-year lease with 12 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical investment banking fit-out targets trophy specification at $215–320/sqft. Bespoke design, signature feature, top-tier MEP and acoustic packages are standard.

Headcount sizing

Plan around 215 sqft per seat blended (workstation + circulation + amenity). A 100-headcount banking office in Montreal typically targets 21,500 sqft of leasable area.

Talent angle

Bulge-bracket teams favor signature trophy assets with full client-facing programming and large floor plates. Deepest French-English bilingual professional talent in North America. Structural AI research cluster (Yoshua Bengio at MILA, Element AI alumni). Strong aerospace, video games, and creative industries talent.

Tax and lease context

Headline corporate tax: 26.5%. Net leases (tenant pays opex separately). 10-year terms standard. Free rent of 10-14 months and TI of C$60-$100/sqft typical on a 10-year Class A deal.

Key facts

Frequently asked questions

Where do investment banking occupiers lease office space in Montreal?

Most cluster in Downtown CBD. Rent runs ~38 CAD/sqft ($28 USD) for trophy and prime stock.

What fit-out spec do investment banking occupiers run in Montreal?

Typically trophy at $215–320/sqft.

How much office space per seat should a investment banking occupier plan in Montreal?

Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.

What NAICS codes describe the investment banking vertical?

Representative NAICS 2022 codes: 523150, 522110.

What is the talent index in Montreal?

86/100. Use the city profile for full detail.

Related

• Investment banking — global overview
• Montreal — full city profile
• Financial services in Montreal
• Asset management in Montreal
• Legal services in Montreal
• Big tech in Montreal

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

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