Non-Residential

The capital’s commercial real estate market continues to see a string of deals even as rising interest rates threaten to stall its momentum. 
Two downtown office towers totalling more than 300,000 square feet at 400 Cumberland St. and 77 Metcalfe St. have sold for a combined $60 million.
Large tenants could start looking at properties in other markets along the St. Lawrence Seaway to address surging demand for warehousing and storage facilities, new report from Colliers says.
The 5,200-square-foot warehouse, located at 2764B Sheffield Rd., is positioned to serve not only Ottawa, but other nearby metropolitan areas, the company said in a news release.
A well-known name in Ottawa commercial real estate is rebranding after becoming part of a Canada-wide brokerage network in a bid to tap into new sources of business.
Sector is “gaining momentum” thanks to a booming industrial market and a retail industry that’s roared back to life in recent months as pandemic restrictions have lifted, new report says.
A blossoming Ottawa-based property management firm has chosen one of Canada’s fastest-growing cities for its first acquisition outside the National Capital Region.
One prominent retail analyst says the move could pave the way for a new wave of residential development at the site, which includes about 170,000 square feet of commercial space.
While Ottawa’s pipeline of new industrial real estate construction is growing, many of those projects won’t be finished until at least next year, according to a pair of new reports.
The city’s office vacancy rate edged up slightly to 9.8 per cent in the first quarter from 9.7 per cent at the close of 2021, brokerage said in its Q1 National Market Snapshot.