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

110 O'Connor
Groupe Mach says it plans to demolish an aging former DND office building at 110 O'Connor St. and replace it with a residential highrise. Photo courtesy Groupe Mach

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.

Already an Insider? Log in

Get Instant Access to This Article

Become an Ottawa Business Journal Insider and get immediate access to all of our Insider-only content and much more.

Get our email newsletters

Get up-to-date news about the companies, people and issues that impact businesses in Ottawa and beyond.

By signing up you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time.