Industrial Insight Report - Greater Montreal Area | Q2 2018 - JLL
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Industrial Insight Report Greater Montreal Area | Q2 2018
Table of Contents
Greater Montreal Overview 1
Submarkets
East End 2
West Island 3
Lachine 4
Saint-Laurent 5
Laval 6
North Shore 7
South Shore 8
Contacts 9
1
Greater
Q2 2017 Montreal Area
Industrial Insight
Strong demand continues to push vacancy and rental
rates into record territory
• Strong consumer demand is leading to a high requirement for space Fundamentals Forecast
from the manufacturing, transport, and distribution industries. YTD net absorption 2,447,413 s.f. ▲
• Investment in speculative construction accelerates as landlords expect QTR net absorption 1,041,483 s.f. ▲
demand to remain strong. Under construction 2,082,085 s.f. ▲
• Construction of a new light rail train project begins. It will connect a
Total vacancy 4.3 % ▼
substantial amount of industrial inventory to the city center.
Average asking rent (Net) $6.19 p.s.f. ▲
An inflow of industrial users into the market, along with an expansion of the local Tenant improvements Falling ▼
economy, have meant three quarters of positive net absorption in the Greater
Montreal Area (GMA). And although the level of positive net absorption has slowed Supply and demand (s.f.) Net absorption
down in the last couple quarters, this has been due to a shortfall in available space Deliveries
6,000,000
rather than a lack of demand. Contributing to this shortfall are the lack of new supply
coming to market in the quarter, and the vacancy rate decreasing 70 basis points
4,000,000
quarter-over-quarter. Because Quebec’s economy is projected to grow by 2.0 percent,
we expect this shortfall to continue into the coming quarters as well. Landlords and
2,000,000
investors are aware of this shortfall however, and several speculative projects are
under construction and planned.
0
2014 2015 2016 2017 YTD
The industrial vacancy rate has reached a new record low of 4.3 percent. This record 2018
scarcity of space is a powerful bargaining tool that landlords are using in their favour.
They have increased their net asking rates to an average of $6.19 per square foot,
merely four months after rates surpassed $6.00 for the first time. Total vacancy
Cryptocurrency enthusiasm is what most differentiated Montreal from other Canadian 6.5% 6.1% 5.8%
cities during the first half of the year. Quebec’s attractive electricity rates brought 5.4%
currency miners from across the world knocking on the province’s door. Initially 4.3%
enthusiastic, the provincial government sent a worldwide invitation to find customers
for their surplus of power. However, due to high interest, the government placed a
moratorium on new supply while the quantity of demand and the appropriate rates
were determined. The Cryptocurrency industry is still in its infancy and the 2014 2015 2016 2017 Q2 2018
relationship between market participants and the government will continue to evolve
for years to come. The government’s decisions in the short term will determine how
much industrial space will be required by the cryptocurrency industry in the quarters Average asking rents ($/s.f.) Net Rent
to come. Additional
$10.00
Outlook
Despite the volatile behavior of Canada’s largest trading partner (The United States) $8.00
regarding trade, the economy continues to grow and business confidence is high. In $6.00
particular, we’re excited to see the growth of cryptocurrency and its impact on the $4.00
industrial market. The bid process to supply cryptocurrency miners is set to begin in $2.00
July and will open the gate for the growth of this nascent industry. $0.00
For more information, contact: Guillaume Desjardins | guillaume.desjardins@am.jll.com 2014 2015 2016 2017 YTD 2018
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
East End
Fundamentals Forecast
• Behind lingering demand, positive net absorption remains steady only YTD net absorption 209,324 s.f. ▲
diminishing slightly since last quarter. QTR net absorption 83,874 s.f. ▲
• Average asking net rents remained stable as the vacancy decreased 50 Under construction 335,000 s.f. ▼
basis points percent quarter-over quarter. Total vacancy 3.9%
▼
Average asking net rent $5.39 p.s.f. ▲
Lease activity Tenant improvements Falling ▼
The East End saw a slight decrease in positive net absorption in the second
quarter, moving down to 83,874 from 125,450 square feet. Unless developers Supply and demand (s.f.) Net absorption
begin increasing supply, net absorption is poised to remain low. 600,000
Deliveries
400,000
Slightly more space was added to the market than was removed, providing
more options to potential tenants, but the highest quality spaces remain 200,000
leased. Vacancy continued its downward trajectory with a drop of 50 basis 0
points quarter over quarter into record territory.
-200,000
2014 2015 2016 2017 YTD
Rents
2018
Quarter-over-quarter, average asking net rents continue to hover around $5.40
per square foot. It is difficult for landlords to increase their rates as inventory in Total vacancy
the East End is on average older than elsewhere in the Greater Montreal Area.
Users will be weighing higher rates on older inventory against the costs of
5.9%
taking the state of the art facilities along the TransCanadian highway. 4.9% 5.0% 4.4% 3.9%
Sales
The second quarter was very busy in terms of sales activity. A total of $23.87
million changed hands, 44.0 percent more than last quarter and 297.0 percent 2014 2015 2016 2017 YTD 2018
more than the quarter before. This stark increase can be attributed to Investors
Group’s sale of 1500 de Boucherville to Fiera Properties for $16.75 million.
Average asking rents ($/s.f.) Net Rent
Additional
New construction $10.00
No new projects broke ground during the second quarter. The only major
$8.00
current development remains XTL Transport’s 335,000 square foot facility being
$6.00
constructed by Broccolini. The building will become operational during next
quarter. There remain large tracts of industrially zoned land bordering the $4.00
TransCanadian highway; and as the vacancy rate falls we expect new facilities $2.00
to spawn along the highway in the upcoming quarters. $0.00
2014 2015 2016 2017 YTD 2018
RECENT SALES COMPARABLES
Buyer Seller Location Intersection Size (s.f.) Date Price/s.f.
Fiera Properties Investors Group 1500 De Boucherville Hwy 25/Notre-Dame E. 176,401 04/04/2018 $94.95
9374-7483 Quebec Inc. Construction Djl Inc. 5170-5250 D’Amiens Industriel / Lacordaire 50,878 06/04/2018 $54.59
RECENT LEASE COMPARABLES
Type Landlord Location Intersection Size
New Les Placements Wainberg Inc. 4629-4665 Grandes-Prairies Grandes-Prairies / Viau 12,852
New Loracon Construction 9900 Louis-H. Lafontaine Hwy 25/Bombardier Street 25,570
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
West Island
Fundamentals Forecast
• The vacancy rate fell for the fifth quarter in a row as demand soaks up YTD net absorption 366,893 s.f. ▲
remaining supply. QTR net absorption 113,340 s.f. ▲
• The majority of industrial land is owned by developers on the lookout for Under construction 35,000 s.f. ▲
built-to-suit or speculative opportunities. Total vacancy 3.4% ▼
Average asking net rent $5.62 p.s.f. ▲
Lease activity Tenant improvements Falling ▼
Net absorption decreased from 253,553 to 113,340 square feet as the vacancy
Supply and demand (s.f.) Net absorption
rate continued to tumble and options make themselves scarce. An increasing Deliveries
number of companies in the West Island are experiencing space constraints 1,300,000
due to foreign companies entering the submarket, leading to competition for 800,000
industrial space. During the second quarter, there was over 2.4 times more
300,000
space taken off the market than was added. In this competitive climate, we are
likely to see users bargain for longer lease terms in order to secure their real -200,000
estate. -700,000
2014 2015 2016 2017 YTD
Rents 2018
Vacancy fell by 50 basis points since March while average asking net rents
Total vacancy
increased for the sixth consecutive quarter. Rents increased only by only .004
8.5%
percent quarter-over-quarter and rental rate growth will likely remain restricted 8.0%
unless additional modern facilities are built.
5.0% 4.5%
3.4%
Sales
The West Island saw approximately half as much sales volume as last quarter,
with $28.63 million changing hands over ten deals featuring 576,887 square feet
of space. The largest deal was the $10.25 million sale of 5650 TransCanada, 2014 2015 2016 2017 YTD 2018
followed by the $3.25 million sale of 93-97 Hymus. The average price per square
foot was $49.64, less than half of last quarter’s value of $110.29 per square foot. Average asking rents ($/s.f.) Net Rent
Additional
New construction $10.00
The only current construction project in the West-Island is a 35,000-square foot $8.00
facility in Dorval commissioned by K&Y Diamond. Among the submarkets $6.00
located on the Island of Montreal, the West-Island has by far the most $4.00
undeveloped land. Along the TransCanadian Highway and Highway 20, there $2.00
are good development opportunities for users in need of visibility and highway $0.00
access. 2014 2015 2016 2017 YTD 2018
RECENT SALES COMPARABLES
Buyer Seller Location Intersection Size (s.f.) Date Price/s.f.
Gestions Philhobar Inc. WCB Realty Limited 5650 Transcanada Hwy 40/ Doyon 223,035 05/11/2018 $45.96
Kinmont Canada Inc. Kesmat Investments Inc 93-97 Hymus Hymus/Delmar 40,000 04/03/2018 $81.25
RECENT LEASE COMPARABLES
Type Landlord Location Intersection Size
New Broccolini 21050-21100 Daoust Daoust / Sainte-Marie 145,065
New Anura Developments 550 Morgan Morgan/Clark-Graham 45,600
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
Lachine
Fundamentals Forecast
• Large blocks of space leased in 150 Montreal-Toronto and 1100 50e YTD net absorption 473,130 s.f. ▲
Avenue in the last quarter led Lachine to achieve the highest positive net QTR net absorption 283,914 s.f. ▲
absorption in the Greater Montreal Area.
Under construction 0 s.f.
▲
• No sales took place in the submarket this quarter.
Total vacancy 4.4% ▼
• Older industrial inventory in the southern region of Lachine are providing
opportunities for residential redevelopments. Average asking net rent $5.30 p.s.f. ▲
Tenant improvements Falling ▼
Lease activity
Positive net absorption was high in Lachine during the second quarter - it was Supply and demand (s.f.) Net absorption
Deliveries
over two times greater than that of the West-Island, the quarter’s second best 1,000,000
performing submarket in terms of net absorption. Over 550,000 square feet of
500,000
space were leased or otherwise removed from the market and only 280,000
were introduced. The largest lease was for a 159,046-square foot space within
0
the 150 Montreal-Toronto, followed by a 91,517-square foot space on 50th
Avenue. -500,000
2014 2015 2016 2017 YTD
Rents 2018
The second quarter had a tumultuous impact on indicators in Lachine. Vacancy
fell by 180 basis points, with the effect of pushing the average asking net rent up Total vacancy
by 3 percent quarter over quarter. Because of the high level of saturation of the
Lachine region, falling vacancy is expected to increase upward pressure on 6.8% 6.8%
6.0%
6.7%
rental rates. Tenant occupancy costs have reached a new record but average 4.4%
gross rates climbed to $9.15 per square foot.
Sales
There was not a single industrial real estate transaction within Lachine during 2014 2015 2016 2017 YTD 2018
the second quarter. Lachine is a central submarket benefitting from proximity
to dense population centers and phenomenal highway access. As such, most of Average asking rents ($/s.f.) Net Rent
the inventory is owned by institutional investors who are not inclined to sell Additional
their assets. $10.00
$8.00
New construction $6.00
Due to there being very little undeveloped land in this dense submarket, there $4.00
were no deliveries or projects under construction in Lachine. However, there $2.00
are valuable development opportunities along Norman street that could be
$0.00
suitable for heavy-manufacturing facilities. 2014 2015 2016 2017 YTD 2018
RECENT SALES COMPARABLES
Buyer Seller Location Intersection Size (s.f.) Date Price/s.f.
Le 2100 Remembrance 9062-4602 Quebec Inc. 2100 Remembrance Remembr./21nd Avenue 120,770 02/08/2018 $56.31
Immobilier Erimos Inc. 9306-4962 Quebec Inc. 5150 Fairway Fairway / 52nd Avenue 29,111 11/27/2017 $51.49
RECENT LEASE COMPARABLES
Type Landlord Location Intersection Size
New Groupe Mach 150 Montreal-Toronto Hwy 20 / Montreal-Toronto 159,046
New Dundee Industrial 1700-1764 50th Avenue 50th Avenue / François-Cusson 91,517
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.Saint-Laurent
Fundamentals Forecast
• Vacancy fell to a new low while users accept higher rental rates to expand YTD net absorption 522,394 s.f. ▲
their operations. QTR net absorption -24,563 s.f. ▲
• The success of Bentall Kennedy’s speculative venture on Griffith street is Under construction 216,000 s.f. ▲
likely to open the gates for new developments. Total vacancy 4.0% ▼
Average asking net rent $5.70 p.s.f. ▲
Lease activity Tenant improvements Falling ▼
Net absorption was slightly negative at the end of the second quarter, but year-
to-date positive net absorption remains the highest of all submarkets. Supply and demand (s.f.) Net absorption
Deliveries
Approximately 16.0 percent more space was added to the submarket than was 1,000,000
removed, suggesting that a higher than average number of leases will be
expiring within the year and that owners are looking for potential new tenants 500,000
in advance. Because there is more demand from users than there is new supply
0
of industrial space, net absorption is expected to increase in the coming
quarters.
-500,000
2014 2015 2016 2017 YTD
Rents 2018
After having fallen slightly over the course of the last quarter, the average asking
net rent increased .01 percent quarter-over-quarter to rest slightly below where Total vacancy
it stood at the end of 2017. Vacancy continued its downward trajectory, resting
at a new record low of 4 percent. 5.8%
5.3% 5.2% 5.3%
4.0%
Sales
Sales activity reached its highest level since the first quarter of 2017: 929,507
square feet of space were sold for a total of $43.24 million. The average
transaction had a price per square foot of $95.78. The majority of purchases 2014 2015 2016 2017 YTD 2018
were made by users. However, the large facility bearing the address 865-877
Hodge was purchased by a residential development company, suggesting that Average asking rents ($/s.f.) Net Rent
a potential redevelopment is on the horizon. Additional
$10.00
New construction $8.00
Bentall Kennedy’s 216,000 square foot facility remains under construction at $6.00
4305 Griffith. It is expected that the property will be ready to be occupied by
$4.00
October. The level of success at this speculative development will determine
$2.00
with how much gusto other builders will try their hand.
$0.00
2014 2015 2016 2017 YTD 2018
RECENT SALES COMPARABLES
Buyer Seller Location Intersection Size (s.f.) Date Price/s.f.
Dév. Immobilier Hodge Gestion Manliteo inc. 865-877 Hodge Hodge / Houde 269,604 05/16/2018 $37.23
10621196 Canada Inc. Inv. 3333 D-B.-Floreani 333 Douglas-B.-Floreani D.-B.-Floreani / Cypihot 110,000 05/02/2018 $85.91
RECENT LEASE COMPARABLES
Type Landlord Location Intersection Size
New Capital DC Inc. 3400 Raymond-Lasnier Raymond-Lasnier / Beaulac 204,907
New London Life 2315 Cohen Cohen / Dobrin 110,751
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.Laval
Fundamentals Forecast
• The average asking net rent saw a modest fall despite a 100 basis point YTD net absorption 343,065 s.f. ▲
decrease quarter-over-quarter in the vacancy rate. QTR net absorption 99,926 s.f. ▲
• Both sales and leasing activity were relatively low. Under construction 210,000 s.f. ▲
• Developer Montoni breaks ground on their second project in the
Total vacancy 4.2 % ▼
submarket. Both facilities are built-to-suit with excellent highway access.
Average asking net rent $6.60 p.s.f. ▲
Lease activity Tenant improvements Falling ▼
Positive net absorption for the second quarter was a modest 99,926 square feet;
Supply and demand (s.f.) Net absorption
it has consistently remained above zero since the end of 2016. There was 75.0 Deliveries
percent more space removed from the market than was added this quarter, 1,200,000
1,000,000
breaking the trend of the last two quarters, which saw more spaces added than
800,000
removed. Laval is a submarket that is rich in undeveloped industrial land and
600,000
active developers ready to increase the supply when the opportunity arises. 400,000
200,000
Rents 0
Vacancy fell 100 basis points quarter over quarter, continuing the downward 2015 2016 2017 YTD 2018
trend it has followed for the past four quarters. It currently rests at less than half
its 2015 level. The average asking net rent, contradictorily, fell by .01 percent
Total vacancy
quarter-over-quarter. This fall is possibly due to certain landlords pulling down 8.9% 8.6%
their asking rates after previously overestimating the rates at which they could 8.2%
6.5%
lease their spaces.
4.2%
Sales
Laval saw very weak sales activity this quarter, with only $5.46 million worth of
industrial real estate changing hands. This is 70.0 percent less than last
quarter’s already weak activity of $18 million. Overall, eight properties changed 2014 2015 2016 2017 YTD 2018
hands, with an average price per square foot of $60.61.
Average asking rents ($/s.f.) Net Rent
New construction Additional
The developer Montoni has begun construction on a 50,000-square foot facility $12.00
for kitchen products manufacturer Kayali. The property is strategically located $10.00
$8.00
on Étienne-Lenoir street as to have quick access to highways 13 and 440. There
$6.00
are two other major ongoing projects in the city, a 70,000-building developed by
$4.00
Montoni for manufacturer Tornatech, and a 90,000-speculative project
$2.00
developed by Loracon in the east end of Laval. Both facilities are expected to be $0.00
completed by the end of this year. 2014 2015 2016 2017 YTD 2018
RECENT SALES COMPARABLES
Buyer Seller Location Intersection Size (s.f.) D/ate Price/s.f.
Invs. Pg-Holdco inc. Immeubles Nipan inc. 825 Saint-Martin O Saint-Martin / Fortin 16,194 05/10/2018 $83.76
9279-9113 Quebec inc. Cité des Aff. Boisé de L'Équerre 4440 Garand Garand / Dagenais 52,097 05/14/2918 $22.83
RECENT LEASE COMPARABLES
Type Landlord Location Intersection Size
New Crest Realties 3555-5555 des Rossignols Rossignols / Dagenais 221,445
New CBC Pension Board 1340 Dagenais Dagenais / Garand 81,500
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.North Shore
Fundamentals Forecast
• Leasing activity remains similar to past quarters, with positive net YTD net absorption 206,584 s.f. ▲
absorption gradually eroding the excess supply of space.
QTR net absorption 73,333 s.f. ▲
• Vacancy has fallen by half since the same time last year.
Under construction 0 s.f. ▲
• A potential new speculative construction project could break ground near
3055 Anderson in Terrebonne. Total vacancy 6.8% ▼
Average asking net rent $6.43 p.s.f. ▲
Lease activity Tenant improvements Falling ▼
Absorption remained positive for the fourth consecutive quarter, but it has been
diminishing, which suggests an approach towards a new equilibrium level of Supply and demand (s.f.) Net absorption
Deliveries
vacancy. There was approximately 100,000 square feet of space, across seven 2,000,000
buildings, added to the market, and 400,000 square feet across 16 buildings
removed. The average size of the leased spaces was 24,845 square feet.
1,000,000
Rents
Vacancy fell by 80 basis points from 7.6 percent quarter over quarter and now 0
rests at half of what it was at the same time last year. Despite this, the average 2015 2016 2017 YTD 2018
asking net rents increased only by .001 percent quarter-over-quarter. An
explanation for the modest increase in rates is that, despite a rise in the scarcity
of space, users can look towards central submarkets rather than accept higher Total vacancy
rates to stay in the North Shore. As a result, North Shore landlords find 17.0%
themselves, on average, with a poor bargaining position. The average asking 12.8%
11.0%
net rent is expected to remain steady over time because it is already elevated in 9.2%
6.8%
comparison with the rest of the market.
Sales
Sales volume remained like last quarter’s, with $18.7 million worth of industrial 2014 2015 2016 2017 YTD 2018
real estate trading hands in 16 transactions. The average property measured
47,000 square feet and the average price per square foot was $60.28. Most of Average asking rents ($/s.f.) Net Rent
these sales happened between owner-users, as institutional investors don’t Additional
have a particularly strong presence in the North Shore. $10.00
$8.00
New construction $6.00
No new constructions broke ground this quarter, leaving the total amount $4.00
under construction at zero. Crest Realties have floated the idea of developing $2.00
an 80,000 to 120,000 square foot facility on the land behind their property at
$0.00
3055 Anderson, but concrete plans and user interest have yet to materialize. 2014 2015 2016 2017 YTD 2018
RECENT SALES COMPARABLES
Buyer Seller Location Intersection Size (s.f.) Date Price/s.f.
Équipements Spm inc. Transport Tfi 2, S.E.C. 1314 de la Gare De la Gare/Bombardier 26,121 05/14/2018 $106.95
Gestion Immobilière S.E.T. Gestion Radu Paul inc. 1120 l’Express L’Express / Lévis 8,900 06/29/2018 $45.33
RECENT LEASE COMPARABLES
Type Landlord Location Intersection Size
New Olegna Holdings Inc. 1825 Lionel-Bertrand Lionel-Bertrand / Hwy 640 130,000
New 3788679 Canada Inc. 420 de la Côte-Sud Hwy 15/de la Côte-Sud 22,500
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.South Shore
Fundamentals Forecast
• Average asking net rents remain steady as net absorption turns negative YTD net absorption -146,143 s.f. ▲
and vacancy spikes up.
QTR net absorption -223,066 s.f. ▲
• Sales volume was very strong compared to previous quarters, suggesting
Under construction 2,272,322 ▼
that users are purchasing space rather than leasing it.
• Construction activity remains high, with new projects sprouting and major Total vacancy 6.4% ▼
facilities inching closer to delivery. Average asking net rent $6.70 p.s.f. ▲
Tenant improvements Falling ▼
Lease activity
Absorption in the South Shore turned negative during the second quarter. Supply and demand (s.f.) Net absorption
Deliveries
Additionally, more space was added to the market than removed, suggesting 1,200,000
that negative absorption could carry onto the next quarter. Most of the spaces
700,000
leased were very small, averaging 8,772 square feet. Conversely, the spaces
added are on average twice as large, at 16,670 square feet.
200,000
Rents -300,000
Vacancy jumped sharply by 110 basis points quarter over quarter as users 2014 2015 2016 2017 YTD
vacated their space to move towards the island of Montreal. The average asking 2018
net rent remained steady at its highest level since the same time last year.
Negative absorption and a rising vacancy rate during a single quarter do not Total vacancy
constitute a sufficient reason for landlords to significantly adjust their asking 7.2% 7.2%
rates, and most have not done so.
6.5% 6.4%
6.3%
Sales
In contrast to leasing activity, sales activity was very strong in the second
quarter: $ 24.62 million worth of transactions took place in 16 deals involving
518,098 square feet of space. The average property measured 37,000 square 2014 2015 2016 2017 YTD 2018
feet and the average price per square foot was $84.84.
Average asking rents ($/s.f.) Net Rent
New construction Additional
The South Shore maintains its position as the most active submarket in terms of $12.00
construction activity. During the quarter, Quintcap broke ground on a 13,000- $10.00
square foot single-tenant building at 8845 du Quartier, near a larger project of $8.00
theirs at 4000 Place Java. IKEA’s 1,200,000 square foot distribution center is well $6.00
$4.00
under way and will bring new vitality to Beauharnois’ budding industrial park.
$2.00
Molson Coors have purchased the 6,000,000-square foot lot of land in Longueuil
$0.00
that will house their new state of the art brewery. 2014 2015 2016 2017 YTD 2018
RECENT SALES COMPARABLES
Buyer Seller Location Intersection Size (s.f.) Date Price/s.f.
Reddee Properties Inc. Transcontinental inc. 1376 Marie Victorin Marie Victorin / Sagard ± 60,000 04/20/2018 $103.22
9369-4438 Quebec Inc. Sol. d'Air Déshumidifié 1385 Coulomb Coulomb / Volta 58,620 04/30/2018 $63.97
RECENT LEASE COMPARABLES
Type Landlord Location Intersection Size
New Shapiro Group 2270-94 de la Province De la Province / Guimond 57,240
New Quintcap 2850 Matte Matte / Taschereau 20,139
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.About JLL
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