Insider Only

As a record amount of office space sits vacant in Ottawa’s downtown core, a new study says the capital is well-positioned to turn some of its empty towers into residences.

The Ottawa firm, which specializes in customer survey and data collection software, reported revenues of $23.5 million in the 12-month period ending Dec. 31.

Six-person Ottawa cleantech startup is one of nine companies from around the world that’s taking part in a three-month accelerator program in Oslo, Norway, backed by international investment firm Techstars and Norwegian energy company Equinor.

Several prominent local real estate experts say they expect vacancies to keep rising as businesses rethink their space requirements.

More than half a million square feet of industrial space is in the works at two sites in west Kanata as developers scramble to satisfy demand for warehousing and light-manufacturing facilities in the city’s tightest submarket.

Kanata-based company has partnered with organizations such as the National Research Council to develop technology that makes computer chips faster and more energy-efficient.

Dan Goldberg tried to calm analysts’ concerns about the company’s financial future Wednesday, assuring them he remains “confident” the Ottawa firm will raise enough capital to get its next-generation satellites off the ground.

Speculation about alternate locations heated up last week when Mayor Mark Sutcliffe suggested the prime parcel of development land just west of downtown “is not the only option” for a new rink.

The digital edition of the Ottawa Business Journal spring issue is now available for OBJ Insiders. The newspaper will hit the streets next week.