High demand, rising rents and the recent successes of other projects are leading to speculative developments picking up across the city, particularly near 400-series highways.
The citywide office vacancy rate rose to 9.8% at the end of June, up from 9.6% in the first quarter.
Company founded in 2018 closed deal for 12-storey office tower at 141 Laurier Ave. W. last week as it looks to expand its portfolio and branch out into multi-residential development.
Ottawa's overall office vacancy rate stood at 9.8 per cent at the end of June, up two-tenths of a percentage point, but amount of empty space in the core declined.
The University of Montreal graduate has spent nearly a decade with the firm in various project management roles.
Several firms with an Ottawa presence are among the companies that have qualified for a design competition aimed at restoring and modernizing the historic buildings.
Ottawa-based company confirms it is subleasing up to 100,000 square feet of space previously occupied by the e-commerce software giant in Performance Court.
City's downtown vacancy rate jumped from 9.5 per cent in the fourth quarter of 2020 to 10.7 per cent in the first three months of 2021.
New technologies and innovations will play a major role in equipping office space for a post-pandemic world
Construction of 15,000-square-foot building, designed by Linebox Studio, is slated to start this August.