Montreal

MontrealNamed “Canada’s Cultural Capital” by Monocle Magazine, Montreal is undeniably a unique Canadian city. Although both French and English are spoken fluently throughout much of the greater metropolitan area, French is considered the official language and is spoken by 60% of its residents, making it the largest French-speaking city in the world after Paris. Montreal’s retail landscape, from food to fashion, is strongly influenced by both French and English traditions, a cultural fusion that makes this city truly vibrant.

With 3.8 million residents, Montreal is the province of Quebec’s largest city. It is also the second-largest economy in Canada and the 19th largest in North America, making it a draw to many of the world’s most recognizable retail brands and companies. Montreal’s diverse economic base encompasses a wide array of industries including telecommunications, biotech, apparel, gaming, and aerospace. Home to the largest inland port in the word, Montreal is a renowned creative economic hub known for its diverse restaurants, thriving nightlife, distinctive shopping, and celebrated summer festivals including the Jazz Fest, the Francopholies, and the Just for Laughs Comedy Festival.

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Sainte-Catherine Street WEST: 45.512600, -73.560595
Underground City: 45.500234, -73.565525
OLD MONTREAL: 45.502116, -73.556019
CARREFOUR LAVAL: 45.570297, -73.751894
QUARTIER DIX30: 45.440983, -73.440084
GOLDEN SQUARE MILE: 45.499249, -73.578878
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Underground City


Constructed in 1962, Montreal’s “Underground City” stretches more than 32 km and is one of the largest underground districts in the world. A popular tourist attraction, the underground city is a passageway comprised of stores, malls, hotels, offices, museums, seven subway stations, and the Bell Center, home to the city’s beloved hockey club, the Montreal Canadiens.
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QUARTIER DIX30

Located in the suburb of Brossard, south of the island of Montreal and with an area of just over 2.7 million square feet, the Quartier DIX30 is considered Canada’s first and largest commercial lifestyle center. The center boasts an eclectic mix of retailers in fashion, electronics, furniture, and food service. In addition to the extensive shopping section of the complex, the center also features a medical clinic, a live theatre, an office tower, and a hotel.
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GOLDEN SQUARE MILE

With a rich history that dates back to the 1850’s, the Golden Square Mile has always been synonymous with luxury. Known mostly for its high-end restaurants, hotels, and some of the most expensive condo buildings in the city, the golden Square Mile is also where Montreal’s most exclusive retailers are located: Holt Renfrew, Ogilvy, Escada, Tiffany’s, Nespresso, and Harry Rosen are just a few of the stores shoppers will find here.
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Sainte-Catherine Street WEST


Montreal’s high-fashion street, Sainte-Catherine Street West, is a favorite shopping destination for both Montrealers and tourists alike. It is home to some of the city’s largest and most popular stores including the Bay, Simons, Apple, Forever 21, and H&M amongst others. It is also made up of some of the city’s largest shopping malls such as the Eaton Center, Place Montreal Trust, and Les Ailes de la Mode.
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OLD MONTREAL


Old Montreal typically attracts a very specific type of retailer – much in part to the city bylaws and space restrictions – reflected in the scarcity of big name retail brands. Instead, the narrow streets are dotted with small shops and specialty boutiques. Many Quebec clothing and jewelry designers choose to open up in Old Montreal because of the foot traffic and volume of tourists present in the summer months.
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CARREFOUR LAVAL


Carrefour Laval, located north of the island of Montreal, is the largest single-story mall in Quebec with a gross leasable area of over 1.2 million square feet. With more than 350 stores, Carrefour Laval has become one of the most important retail destinations in Quebec. Big name American retailers such as Victoria’s Secret, Apple, and Crate & Barrel have taken notice and are choosing to open their flagship stores at Carrefour.

MARKET OVERVIEW
KEY AREAS / STREETS/SHOPPING CENTERSConsumer ProfileMAJOR RETAILERS PRESENTNEW ENTRANTSTYPICAL NET RENT FOR UNIT OF 2,000 SQFTRANGE OF UNIT SIZES
Sainte-Catherine Street WestTourists, local shoppers, local business densityThe Bay, Simons, Apple, Forever 21, Zara, H&MArmani Exchange$190-200 PSF1,500-50,000 SF
Underground CityLocal business density, TouristsOld Navy, Winners, Gap, ZaraYeh, Tim Horton's $90-125 PSF300-50,000 SF
Carrefour LavalRegional shoppersSimons, H&M, Victoria's Secret, Crate & BarrelWilliams-Sonoma, Zara Home, Topshop$125-180 PSF300-100,000 SF
Old MontrealTourists, local shoppersJean-Coutu, SAQ, Art Galleries100 Laisses$25-50 PSF800-10,000 SF
Quartier Dix30Regional shoppersCinemas Odeon, Aldo, Best Buy H&M$25-35 PSF2,000-200,000 SF
Golden Square MileLocal shoppers, touristsHolt Renfrew, OgilvyTiffany & Co.$40-75 PSF800-20,000 SF

Data as of November 2013

Considered the most European city in Canada, Montreal is home to some of the best restaurants in North America. Ranging from famous local indulgences such as smoked meat poutine, to upscale French bistros, Greek tavernas, and local fresh market eateries, it is no surprise that Montreal is behind only New York City in having the most restaurants per capita in the world.

The Downtown Core is home to the widest array of restaurants in the city. From the busy lunchtime food court at the Montreal Eaton Center to the upscale Portuguese restaurant Ferreira, along with the casual restaurants on McGill College Avenue and Crescent Street, the Downtown Core has something for every appetite and budget.

The Plateau has long been considered a Montreal foodie’s urban escape and is home to classic fine dining establishments such as Milos, Moishes, and ‘Au Pied du Cochon’, as much as it is home to the crowded smoked meat institution known as Schwartz’s. Some of the city’s best Greek, Portuguese, and French restaurants can also be found in the area.

Not so long ago, the Downtown South neighborhoods of Little Burgundy, Griffintown, Old Montreal, and St-Henri were made up mostly of industrial and abandoned buildings. However, in recent years the areas have undergone gentrification and are now the go-to neighborhoods for some of the trendiest restaurants in the city. Restaurants like the well-known Joe Beef and Liverpool House were some of the first to take a chance on an up and coming area and more recently urban cuisine restaurants like Grinder, Nora Grey, and Tuck Shop have also paved the way for others who have opened nearby.

Montreal’s heavily trafficked Decarie Boulevard has developed significantly over the last 10 years. While the area was formerly dotted exclusively with fast-food restaurants such as the Orange Julep and McDonald’s, the Smart Centre’s development has brought in brand name restaurants such as PF Chang’s and Baton Rouge. Other family-style restaurants have also begun to appear in the area.
Centropolis Laval is the North Shore’s go-to destination for restaurants featuring both family-style eateries such as Boston Pizza and Houston’s as well as more upscale restaurants such as Ammos and Mikasa. Interestingly, the center features a blend of both chain-restaurants and independent owner-operated units.

Montreal has several Bring Your Own (BYO) restaurants – establishments that do not charge a corking fee for wine or beer.These types of restaurants have become increasingly popular in recent years and while there are more than 180 BYO options in Montreal alone, some popular chains such as L’Academie, Steak Frites, and Amelio’s have begun to emerge as major space occupiers.

MARKET OVERVIEW
KEY AREASCONSUMER PROFILEFOOD & BEVERAGE OPERATOR INCLUDINGNET RENT FOR 3,500 SQ FT
Downtown CoreBusiness density, regional residential population, touristsFerreira, Queue de Cheval, Sho-Dan, Eaton Center Foodcourt$25-$100
PlateauLocal and regional residential populationAu Pied de Cochon, Schwartz's, Moishes, Les Enfants Terribles$15-$40
Downtown SouthLocal and regional residential populationJoe Beef, Garde Manger, Le Locale, Grinder, Burgundy Lion$20-$40
Decarie BlvdLocal residential populationOrange Julep, PF Chang's, Rib n Reef, Baton Rouge$25-$35
Centropolis LavalLocal residential population, Business densityArt Java, Elixor, Ammos, Sterling Steakhouse$25-$35
DecarieLocal and regional residential populationOrange Julep, PF Chang's, Baton Rouge $25-$30
LavalLocal and regional residential populationHouston's, Ammos, Mikasa $25-$30

Data as of November 2013