With relatively little new retail space under construction that’s poised for an imminent delivery, the storefronts currently being vacated should be quickly absorbed once the economy rebounds.
Real estate firm says Ottawa’s office availability rate rose to its highest level in three years last quarter.
Consultant says employers might look to open satellite locations away from downtown as more people seek to work in less crowded settings closer to home.
Economic slump prompted more tenants to shed space or take a wait-and-see approach to jumping into the market in the third quarter, real estate firm CBRE says.
Home deliveries of adjustable desks and chairs are keeping crews busy at leading local company.
Capital's location between Toronto and Montreal makes it a sought-after site for retailers looking satisfy growing demand for same-day deliveries, Anthony Broccolini says.
"Floodgates will open" once a vaccine is found, owner of two local facilities predicts despite news that one of the industry's biggest companies has filed for creditor protection.
'Spectacular' downtown office could help nurture a new generation of tech firms if they choose to replace the e-commerce giant in Performance Court, veteran broker says.
E-commerce giant plans to sublease its signature space at Performance Court and consolidate its downtown Ottawa office footprint at a building on nearby Laurier Avenue.
Planners representing hotel owner have said the extension is necessary for the hotel to continue competing in Ottawa’s hospitality market.