Non-Residential

Ottawa continues to trail other major Canadian cities in office occupancy: Colliers

Citing data from research agency Environics Analytics, Colliers Canada said Tuesday that Ottawa’s office occupancy rate is currently at 54 per cent of pre-COVID levels.

Business leaders divided on feds’ plan to modernize Parliamentary Precinct

The federal government’s proposal to turn a two-and-a-half-acre site across from Parliament Hill into an office and retail complex is a “great start” toward revitalizing the Parliamentary Precinct, a prominent Ottawa real estate executive said Friday – but other business leaders say they’re not convinced the project will give struggling downtown merchants the boost they need.

$125M acquisition of Queen Street office tower a ‘sound investment,’ PSPC says

The federal public works department says its purchase of a prominent downtown office building whose occupants include...

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.

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