Office Property Quebec
Ville LaSalle, LaSalle

SITUATION

Newly constructed office building with a 60% vacancy attached to retail plaza. No marketing or leasing program had been implemented. Located in LaSalle, a suburban community of Montréal with an abundance of 2 and 3 storey buildings with high levels of vacancy.

SOLUTION

  1. Assess the market demand and analyze the absorption trends
  2. Engage the most dynamic brokerage firm for the LaSalle market
  3. Establish an aggressive marketing strategy as well as an incentive program to motivate tenant representation brokers to consider this property

OUTCOME

Adopted a creative leasing strategy to attract para-governmental groups and small service & professional tenants achieving a 94% occupancy when sold.

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