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Ottawa firm's deal for Qualicum Centre, a 224,000-square-foot campus that contains three class-A office buildings, also includes nearly three acres of prime development land.
While Ottawa has maintained its status as a safe city for commercial investment, the COVID-19 pandemic has changed the way investors think about commercial properties in the capital. Throughout the last 18 months, the commercial real estate market has seen unprecedented stress on landlords and tenants alike, as companies canceled their leases, malls sat empty and mainstreet retailers shut their doors for good.