Non-Residential

Decade-long plan to modernize ‘key part’ of Parliamentary Precinct to start this fall, feds say

In an email to OBJ this week, PSPC called the Block 2 redevelopment project “a “key part” of the federal government’s efforts “to restore and modernize” the Parliamentary Precinct.

Colonnade BridgePort expands into Atlantic Canada with two new offices

Real estate investment and management firm Colonnade BridgePort has expanded into Atlantic Canada, opening new offices in...

City’s industrial availability rate to hit 4.4% in 2024 as new inventory floods market: CBRE

Ottawa’s industrial availability rate is expected to jump to 4.4 per cent by the end of 2024...

Morguard sells CBC headquarters building at 181 Queen St. to PSPC for $125.3M

Southern Ontario-based developer and property manager Morguard had owned the 11-storey, 275,000-square-foot office building at 181 Queen St. since it opened in 2004.

Consumer spending in National Capital Region expected to drop in 2024, new reports say

Retail sales are expected to level off in Ottawa this year as budget-conscious consumers cut back on...

Ottawa’s downtown office vacancy rate to hit 15% in 2024, CBRE predicts

In its 2024 Canadian market outlook released this week, CBRE predicts Ottawa’s overall office vacancy rate will hit 14.1 per cent before the end of the year, up from 13.3 per cent in December 2023.

Eastern Ontario commercial real estate: Strong demand along Hwy. 401, slower recovery in the Valley

While markets along Highway 401 are benefiting from strong demand for industrial properties, areas like the Ottawa Valley are seeing a slower recovery for commercial real estate post-pandemic.

Local experts say flexibility key to crafting an effective return-to-office policy

Moderated by Jennifer Cross, a senior executive at Marant Construction’s Ottawa office, the event – dubbed “Back to Business” – offered advice to employers trying to figure out the best approach to structuring their workplaces in a post-pandemic world.

Ottawa’s retail vacancy rate hits new low as population grows, development slows: report

Ottawa’s retail vacancy rate fell to its lowest level on record in 2023 as in-store shopping boomed...

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