Robert Cressaty Moderates Industrial Real Estate Panel at the Montreal Real Estate Conference
On October 2nd, Landmark’s President and Managing Partner Robert Cressaty will moderate the industrial real estate session at the 13th Annual Montreal Real Estate Strategy & Leasing Conference. This year’s event focuses on emerging asset management and leasing trends in the Greater Montreal Area, in addition to exploring industry best practices and challenges.
The industrial real estate market has been on an accelerated and major comeback trail for the past three years. Availability of space is at a historic low level across the entire Greater Montréal market. At 2.5%, vacancy rates are in a freefall and the situation will not change until a significant amount of speculative building takes place.
This session will examine key investment, leasing and development trend and the factors that are responsible for this exceptionally strong demand. How much can be attributed to the logistical needs of online shopping and the legalization of cannabis? Or is it due to a resurgence in manufacturing and the needs of other traditional industrial space users? Do rent levels now support new development on the island as well as offshore? Where are NERs heading? How strong is investor interest overall in industrial assets?
As the President of the Canada East Chapter for the Society of Industrial and Office Realtors (SIOR) and given over 20 years of experience in the commercial real estate industry, Robert is familiar with the ins and outs of both major and tertiary Canadian markets. Using this insight, he presented Montreal’s industrial landscape through both a micro-and-macroscopic lens, illustrating the major similarities and differences between Montreal and other major markets. The industrial panel was very well received by the audience and concluded with a compelling series of questions and an open discussion.
About Landmark Advisory Services
Landmark Advisory Services is a Canadian real estate company specialized in commercial tenant representation. Landmark provides a full range of corporate real estate services including lease audit, lease administration, transaction management, legal services, market intelligence, and consulting and advisory services. Landmark’s innovative business model allows its clients to get more value from its real estate interests. For more information, visit landmarkcre.ca
About Montreal Real Estate Strategy & Leasing Conference
The 13th annual Montréal Real Estate Strategy & Leasing Conference will be held on Wednesday, October 2 at the Palais des congrès de Montréal. This very informative conference will examine the current leasing environment in this major and very hot market. A strong focus will be on examples of innovative asset management, development and leasing strategies. For more information, visit www.realestateforums.com/montrealrel/en/overview/overview.html