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Ottawa’s office vacancy rate dipped slightly in the first quarter as leasing activity picked up in the Kanata tech hub and a pair of downtown properties were taken off the market with the aim of being converted to residential space. In their latest office market reports released this week, CBRE and Colliers both reported a […] Already an Insider? Log in Get Instant Access to This Article Become an Ottawa Business Journal Insider and get immediate access to all of our Insider-only content and much more. Learn More and Become an Insider ...

Citing data from research agency Environics Analytics, Colliers Canada said Tuesday that Ottawa’s office occupancy rate is currently at 54 per cent of pre-COVID levels.

Ottawa’s industrial availability rate is expected to jump to 4.4 per cent by the end of 2024 from 2.6 per cent last year as new large-bay developments flood the market – but rents will also keep rising due to the ongoing scarcity of small-bay inventory, a new report from CBRE says. In its 2024 Canadian […] Already an Insider? Log in Get Instant Access to This Article Become an Ottawa Business Journal Insider and get immediate access to all of our Insider-only content and much more. Learn More and Become an Insider Critica...

The amount of vacant industrial space in Ottawa rose at the end of 2023, two major brokerages reported this week – but experts say most of the uptick was due

True North Commercial REIT said in financial filings this week it has agreed to sell the 11-storey Narono Building at 360 Laurier Ave. W. to an unnamed buyer for about $17.5 million.