Non-Residential

The firm expects more tenants will look to downsize this year as they rethink their office requirements, resulting in more sublease space coming on the market. 

Public Services and Procurement Canada recently confirmed it cancelled the bidding process to select a private-sector contractor to redevelop a 26-acre site at 599 Tremblay Rd. near St. Laurent Boulevard.

At one million square feet, One60 Elgin – which opened in 1971 and was formerly known as Place Bell – is the fourth-largest office building in Ottawa and one of the city’s most widely recognized downtown landmarks.

IWG and TCC's expansion push comes as traditional office vacancy rates continue to climb amid widespread uncertainty about the future of the workplace.

Experts say there is no one-size-fits-all template for how to create a hybrid office.

Gatineau developer Construction Chartro's plan calls for four six-storey apartment buildings St. Joseph Boulevard, east of the Tenth Line Road on-ramps to Highway 174.

The capital’s industrial availability rate hit 2.6 per cent in the fourth quarter, CBRE said in its latest national market report, up 90 basis points from a year earlier. 

Lennard has recently taken over 2,500 square feet of office space in Preston Square, located in the burgeoning Little Italy district.

That’s up from 10 per cent in the previous quarter and more than four percentage points higher than it was in late 2019, before the pandemic triggered a dramatic shift to remote work that hollowed out office towers across North America.

Mississauga-based real estate firm said Monday it finalized a deal late last month to purchase a 50 per cent share in Telus's Ottawa headquarters at 215 Slater St. from TD Asset Management.