4950 Queen-Mary Road, Montreal

4950 Queen-Mary Road, Montreal
Phase 1 completed! Brand new redevelopment! Up to 10,000 SF of retail space available for lease!
For more information, please contact:
Mark Sinnett | T. +1 514 667 5696 | mark.sinnett@am.jll.com
Armen Markarian | T. +1 514 667 5695 | armen.markarian@am.jll.com
Great location near a wide range of
services and amenities
Highlights
•
Four newly built-out commercial spaces
for lease on the ground floor of an office
building on Queen-Mary Road.
Space 1: 5,165 SF
Space 2: 1,447 SF
Space 3: 1,269 SF
Space 4: 1,863 SF
•
Spaces feature 15’ clear ceiling height,
parking and new façades.
•
In a strong retail environment that drives
important pedestrian and automobile
traffic: Neighbouring tenants include
Jean-Coutu Pharmacy, SAQ, Starbucks,
Thai Express, TD Bank, Bank of
Montreal, La Cremière, Java U, Tim
Hortons, etc.
•
Well-serviced by public transit: only a
few minutes away from Snowdon metro
station and buses 17, 51, 124, 166, and
371, run frequently.
•
Easily accessible via Highway 15, which
connects to downtown Montreal as well
as to neighbouring boroughs.
•
On a busy intersection with over 22,000
cars and 2,500 pedestrians per day.
•
Located in the heart of Montreal’s most
densely populated borough, home to
165,000 inhabitants.
Net Asking Leasing Rate
$25.00 psf
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4950 Queen-Mary Road, Montreal
Retail Environment
In the heart of a strong retail environment
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4950 Queen-Mary Road, Montreal
On a busy commercial artery in Montreal’s
most densely populated borough
Market Overview - Côte-des-Neiges/Notre-Dame-de-Grâce
The Côte-des-Neiges/Notre-Dame-de-Grâce
borough is one of the most densely populated
boroughs of the island of Montreal. It is
home to 165,031 inhabitants, representing
approximately 10% of the city’s total
population and a population density of 7,710
inhabitants per square kilometer. Younger
than the rest of Montreal, the median age
rests at 36, this borough is home to a higher
proportion of young people. In fact 31% of the
borough’s population is under the age of 25.
Approximately two thirds of the households
have children; however, it is interesting to
note that the number of families with children
has remained stable in the last 8 years. While
English is most spoken at home, many speak
French, Spanish, and Tagalog on a daily
basis. CDN/NDG is an ethnically diverse
borough, with over 75 different nationalities
present. Furthermore, due to the presence
of three universities (Université de Montreal,
HEC Montreal, the Concordia University’s
Loyola Campus) as well as multiple private
schools and colleges, we find here an
important student population.
figure and the unemployment rate – higher
here than for the island – was of 10.4% in
2009 with a rate of 15.5% for youths between
the ages of 15 and 24.
Health services accounts for 25.7% of all jobs
in the borough. Teaching comes in second
with 14,135 jobs (19.4%). Over 57% of
establishments in the borough count between
1 and 4 employees. Establishments with
more than 200 employees account for only
1%. The top 5 employers are Concordia
University, Université de Montreal, the Jewish
General Hospital, HEC Montreal, and SaintMary’s Hospital.
The area benefits from a very extensive
transportation system: it is serviced by two
subway lines and 10 stations in addition to
four commuter train lines. With the Décarie
Expressway, the borough is well connected
to Montreal’s principal roadways, such as
Highways 40 and 20, and only minutes away
from both the downtown core and P.-E.Trudeau International Airport. Attractions in
the borough include the Snowdon Theatre,
the Empress Theatre, Saint Joseph’s Oratory
and the Gibeau Orange Julep fast-food
restaurant. The Notre-Dame-des-Neiges
Cemetery is also located in the borough.
4950 Queen-Mary
Types of homes, incomes and employments
vary incredibly from one area of the borough
to the other. Approximately 36% of residents
own their dwellings, while 64% rent. The
median price of single-family homes in the
area was of $575,000. Condominiums and
plexes sold for $322,450 and $553,750
respectively. These figures are significantly
higher than the Montreal median where
homes, condominiums and plexes have
sold for $380,000, $278,461 and $443,100
respectively. The average household income
is $66,477; of note, 23% earn below this
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4950 Queen-Mary Road, Montreal
About the Capital Markets - Commercial and Retail
Properties Group
JLL’s Capital Markets - Retail Group specializes in the acquisition and disposition of commercial, semicommercial and retail properties both in the Greater Montreal Area and throughout the province. The
group offers:
•
Acquisition and disposition services;
•
Leasing and landlord representation services;
•
Asset review and financial analysis; and
•
Investment strategy development and due diligence support.
Our main objective is to ensure that our clients receive maximum value for their real estate
investments. Our approach, tools and processes have all been optimized to meet this goal, allowing
us to successfully transact the majority of our assignments. In addition to our 20 years of cumulative
experience, we offer industry-leading research, market intelligence, and unmatched exposure to
investors, retailers, users, and developers across the country.
About JLL
JLL (NYSE:JLL) is a professional services and investment management firm offering specialized real
estate services to clients seeking increased value by owning, occupying and investing in real estate.
With annual revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients,
the firm provides management and real estate outsourcing services for a property portfolio of 3 billion
square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its
investment management business, LaSalle Investment Management, has $47.6 billion of real estate
assets under management.
Jones Lang LaSalle Real Estate Services Inc.
Real Estate Agency
1 Place Ville Marie, Suite 2121
Montreal, Québec, H3B 2C6
Tel. +1 514 849 8849
www.jll.ca
For more information, please contact
Mark Sinnett
Executive Vice President - Capital Markets
Real Estate Broker
Jones Lang LaSalle
T. +1 514 667 5696
mark.sinnett@am.jll.com
Armen Markarian
Associate - Capital Markets
Commercial Real Estate Broker
Jones Lang LaSalle
T. +1 514 667 5695
armen.markarian@am.jll.com
© 2014 Jones Lang LaSalle, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
Jones Lang LaSalle Real Estate Services, Inc., Real Estate Agency