Jean-Marc Dubé is a senior member of the industrial division of the Montreal Colliers International team and an accomplished executive with a proven ability to develop and implement strategies that support his customers ’ business and financial objectives . His expertise includes tenant / purchaser representation , property listings ( sale and lease ), sale-leasebacks , built-to-suits and land development .
CANADA
to 7 % in Montreal but a lot less in Toronto , where an 800,000-squarefoot building just sold for less than a 4 % cap rate . An investor can secure excellent premises in Montreal and still make a much bigger return ,” Dubé explains .
Speculative buildings and repurposing One of the things that has been hurting Montreal is a shortage of inventory . There are very few buildings for sale , Dubé comments .
There has been very little speculative building there as opposed to the greater Toronto area ( GTA ), where recently some 9mn sq ft of space was under construction without pre-agreed tenancy . “ Spec building is riskier ,” he explains . “ If you don ’ t get a tenant you are going to be on the hook for all the expenses as well as the financing costs of the property . The fear in Montreal was that the big corporations looking at taking up to a million square feet were all focused on the GTA .”
Jean-Marc Dubé
SIOR- Senior Vice-President
Jean-Marc Dubé is a senior member of the industrial division of the Montreal Colliers International team and an accomplished executive with a proven ability to develop and implement strategies that support his customers ’ business and financial objectives . His expertise includes tenant / purchaser representation , property listings ( sale and lease ), sale-leasebacks , built-to-suits and land development .
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