Vacancy rates in Ottawa’s office and industrial markets are expected to keep falling while rental rates climb toward record highs in 2019, a new report says
'It is the type of property that’s highly sought-after across the country,' said Cushman & Wakefield Ottawa's Nathan Smith, who helped broker the deal
Ottawa’s commercial real estate professionals and other industry watchers are among the most confident in their local market compared with their peers from across the country, according to PwC
Avison Young notes that the pace of activity thus far in 2018 has been greater year-over-year across most asset classes, with $610 million worth of property changing hands.
Like many of the city’s veteran commercial real estate brokers, Michael Church has lost track of the number of Ottawa office spaces he’s toured with tenants over the years.
Overall vacancy rate in the core stood at about eight per cent in the second quarter of 2018, down from more than 11 per cent a year earlier
The record-breaking $480-million sale of Constitution Square is “a harbinger of things to come” for Ottawa’s commercial real estate market as investors get ready to ride light rail’s momentum, a new…
Avison Young highlighted light rail as well as Shopify’s lease of an additional 325,000 square feet inside the office tower at 234 Laurier Ave., at O’Connor Street, as helping to spur a turnaround in…
An anticipated drop in office vacancy rates failed to materialize last year, despite a massive increase in government spending and the local hiring of thousands of civil servants, according to a ne
It has been a “rougher ride” than usual for the Ottawa office market, according to a report released by Avison Young on Wednesday.