for lease - Localalouer.ca

FOR LEASE
LE SAINT-M
645-685 SAINT-MAURICE STREET
Only a block away from McGill Street
Mark Sinnett
Senior Vice President
Real Estate Broker
514.849.6441
mark.sinnett@cbre.com
Armen Markarian
Sales Representative
Real Estate Broker
514.849.3539
armen.markarian@cbre.com
Features
685 Saint-Maurice Street
3,175 square feet space available for lease
Leasing Rate (per square foot): $30.00 psf - net
Leasing Rate (per month): $7,937.50 per month - net
645 Saint-Maurice Street
2,733 square feet space available for lease
Leasing Rate (per square foot): $30.00 psf - net
Leasing Rate (per month): $6,832.50 per month - net
*** Available immediately ***
On the ground floor of a prestigious new construction located on the corner of Saint-Maurice and de Longueuil
Streets
90% of residential units have been sold.
12-foot high ceilings, good fenestration and natural light in a corner location.
Only a few minutes away from Square Victoria metro station, historical Old Montréal, and the vibrant downtown
core.
On a busy intersection with over 6,000 cars and 5,000 pedestrians per day.
685 SAINT-MAURICE STREET
PRIVATE CAPITAL GROUP | MONTRÉAL
645 SAINT-MAURICE STREET
Le Saint-M | Page 2
Property Pictures
LE SAINT-M - 645 SAINT-MAURICE STREET
PROPERTY PICTURE
PROPERTY PICTURE
PRIVATE CAPITAL GROUP | MONTRÉAL
LE SAINT-M - 645 SAINT-MAURICE STREET
Le Saint-M | Page 3
Old Montréal and the Ville-Marie Borough
Overview
Downtown Montréal is both the heart of the city and an important
economic center for the province. Much of the province
economic activity is located between Atwater and Bleury Streets
and de la Gauchetière and Sherbrooke Streets. While the city’s
center used to lie in the Old Port of Montréal, the development
of landmark skyscrapers from the 1930s through to the 1960s
shifted Montréal’s economic activity to the Sun Life Building,
Place Ville Marie, 1000 de la Gauchetière and the Bell Building.
Large infrastructure projects such as the Bonaventure and Ville
Marie autoroutes further concretize this move. In spite of this,
Old Montréal, delimited by the Bonaventure Autoroute and the
Molson Brewery complex in the west and east, and by SaintAntoine and de la Commune Streets in the north and south,
remains an important cultural and economic center.
Demographic Trends
Like many areas in Montréal, the Ville-Marie borough has
seen growing population trends. This is both a result of new
infrastructure as well as a densification of the downtown core.
According to Statistics Canada, the population in the Ville-Marie
borough was 90,748 in 2013. This represents a 4.1% increase
since 2008 and a further 15% increase is expected for the next
five years. The median age is 36, with the 25-34 age range the
most significant. It is interesting to note that 43% of the VilleMarie population have post-secondary education degrees, which
is significantly higher than for the rest of Montréal, where the rate
lies at 24%. On average, the household income in Ville-Marie
is $69,123, with the average household size of 1.7 persons.
Old Montréal has also seen growing population trends, with
the population trippling in the last ten years. Currently well over
6,000 residents, Old Montréal differentiates itself from the rest
of the borough by a higher household income ($143,552 per
annum in 2012), smaller household size, and higher median age
(44.1). The historical district also draws over 35,000 workers
everyday, in addition to the thousands of tourists who amble the
cobblestoned streets, basking in the area’s Old World feel.
PRIVATE CAPITAL GROUP | MONTRÉAL
Real Estate Trends – residential
Old Montréal, which sits in the Ville-Marie borough, is currently
undergoing a real estate revitalization all while preserving the
city’s historical buildings. The average prices of single-family
homes in the Ville-Marie borough are $650,000, condominiums
ave sold for $323,000 and plexes with two to five units have sold
for $410,000 in the past year. These figures are much higher
than those of the whole Island of Montreal where single-family
homes have recently sold for $379,000, plexes for $444,500
and condominiums have sold for $268,000. The ratio between
those owning the home they reside in and those renting is split
close to half of each. However, there are slightly more owners
than renters in Old Montréal. Old Montréal has also announced
the construction of several new condominium buildings such
as Héritage Vieux-Port, Bank and the 8 phase Solano project.
These projects offer condo units that range from 500 to 2,400
square feet and range from $216,000 to $1,150,000.
Real Estate Trends – commercial
The area is expected to change significantly in the next few
years and massive infrastructural investments are made. The
Harbourfront Tramway, for instance, will connect the Central
Business District and Old Montréal, and complement Montréal’s
metro and pedestrian networks. Another important initiative will
redevelop the Montréal Harbourfront by expanding recreational,
tourist and cultural attractions, repurposing vacant land and
improving the efficiency of transportation networks. Finally,
the Quartier Bonaventure project, one of the largest underway,
will see the transformation of the Bonaventure Autoroute into a
boulevard and tramway line.
Le Saint-M | Page 4
Area Pictures
OLD MONTRÉAL
NEIGHBOURHOOD
SQUARE VICTORIA METRO STATION
MCGILL STREET
NEIGHBOURHOOD
VIEW FROM LE SAINT-M
PRIVATE CAPITAL GROUP | MONTRÉAL
Le Saint-M | Page 5
About CBRE
About the Private Capital Group
CBRE is the world’s premier commercial real estate firm, with
more than 200 years of experience in helping clients successfully
navigate the ever-changing world of real estate. Our guiding
philosophy is «navigating a New World» — a demonstration
of our commitment to help our clients foresee the landscape
ahead, steer through the obstacles and seize opportunities.
The Private Capital Group represents private investors and
owners in marketing, trading, and leasing commercial and
semi-commercial assets.
A pioneer in the industry, CBRE was the first globally integrated
real estate services firm with wholly-owned and managed
operations in virtually every major business capital of the world.
Ahead of our competitors, we recognized the growing demand
for multi-market real estate service, and in the 1960s, began
expanding our reach to cultivate global capabilities.
Today, we operate more than 400 offices in 64 countries and
over 34,000 employees worldwide. In Canada, CBRE has 1,850
employees and serves clients through twenty offices strategically
located in Calgary, Edmonton, Halifax, Kitchener, London,
Montreal, Ottawa, Toronto (3 offices), Saint John, Vancouver and
Winnipeg. Our powerful presence in the marketplace enables us
to provide a range and quality of services that is unparalleled.
CBRE combines the people; services and knowledge to best
meet the needs of each individual client.
Our commercial leasing division is focused on agency
representation and seeks to maximize the value of your property
by targeted reputable users and retailers. We are present in
all of Montréal’s most important urban markets, from SainteCatherine Street, du Mont-Royal Avenue and Saint-Laurent
Boulevard to the well-established markets of Outremont and
Westmount and the up-and-coming boroughs of Sud-Ouest
and HOMA.
Our marketing strategies have been developed and honed to
meet our clients’ needs, the unique features of their spaces,
and the potential ideal tenants. They rest upon a complete and
thorough understanding of Montréal’s urban retail landscape
and our database of over 2,500 local, provincial and national
retailers and users. Our team collaborates with brokers,
investors and owners to stay ahead of market trends, to harness
the competitive nature of the leasing market and to exploit new
opportunities as soon as they arise.
We believe that our system, exclusive to the team, is unparalleled
in the Montreal market.
For more information, please contact Montréal’s Private Capital Group:
Mark Sinnett
Senior Vice President
Real Estate Broker
514.849.6441
mark.sinnett@cbre.com
Armen Markarian
Sales Representative
Real Estate Broker
514.849.3539
armen.markarian@cbre.com
CBRE Limited | Real Estate Agency
2001 McGill College Avenue, Suite 2000, Montréal, Québec, H3A 1G1
T 514.849.6000 | F 514.849.7095 | www.cbre.ca
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and
estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential,
for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property
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