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Montreal receives a great deal of attention in terms of commercial real estate development. Not only the outer areas but also the city center. With such a large population, it is no wonder that the area receives a great deal of attention from developers, entrepreneurs and business owners alike. The office vacancy rate in the city of Montreal CA recently rose to around 10%, which is higher than the national average. It's interesting to note that with all the open offices, the prices are mid-level to high depending on location. A recent survey of open office space rentals yielded many results starting at around $650 - $700 a month for smaller options and $1 - $3 a square foot for 1,000 square feet. Entrepreneurs will have a great deal of vacancies to explore at any given time, with the vacancy rate looking to stay solid for the near future, according to economists. Searching for the perfect office space in Montreal can be time consuming and frustrating, but when you work with Office Space Heaven, you will eliminate those problems. We provide a free service for those companies looking to rent commercial space in Montreal, and we also work in Vancouver, Toronto, and Winnipeg. To learn more about the commercial office space market in your local area call us or check out our office space articles.

Office Lease Options:

Another important thing to consider is do you want a furnished Montreal office space unit, or prefer an executive office suite that you can furnish and design yourself? One rule about commercial Montreal office space is that if you plan on renting a short term lease - like monthly or 12 months - then go with a furnished option. Otherwise if you plan on leasing an office space (in an office park facility) for 6 months or longer, then you should try to buy your own furniture and maybe even hire an interior designer to help you.

Population / Stats:

The second largest city in the Canadian province of Quebec is Montreal. Often times referred to as the “City of Mary” it is one of the major tourist and economical destinations in the nation. The city has an estimated population of 1.6 million residents in the city center and upwards of 3.6 million residents in the greater metropolitan area. The language of the area is predominantly French, even though the English is spoken often. It is ranked as the second largest French speaking city in the nation and is quite diverse in terms of culture. It has been noted that the city is one of the most “livable” in the nation, and is one of the main reasons why it continues to grow annually.

Montreal Economy:

The economy of Montreal is quite large and diverse. It is noted that it is the second largest in the nation and largest in the province of Quebec. The city features several main industries including, commerce, finance, industry, technology, tourism, and much more. The city has a great deal of vocation opportunities for all backgrounds, and continues to grow in terms of business. The city is home to several large companies including Ubisoft, EA, Eidos Interactive, Warner Brothers Interactive, and even DC Comics Canada. Despite a great deal of employment options for job seekers of all backgrounds, the city of Montreal has an unemployment rate of around 8%. Even with a relatively higher unemployment rate than several large Canadian cities, economists are positive about the future.

Weather / Culture:

The climate of Montreal shifts between several different temperatures. The area has four different seasons each one marked with variable changes. The climate has been classified as humid continental. The winter months are cold with extreme temperatures reaching below freezing. The summer months can yield some hotter temperatures reaching nearly triple digits with great humidity. The area also receives nearly 90 inches of snowfall, and gets 39 inches of precipitation annually.
The city of Montreal has two major airports in the vicinity, but the larger and more prominent of the two is Montreal-Pierre Elliott Trudeau International Airport. It is one of the busier airports in the nation and has been ranked third overall in the nation. The airport helps 12 million passengers reach their destination annually and has been growing by leaps and bounds.