"Floodgates will open" once a vaccine is found, owner of two local facilities predicts despite news that one of the industry's biggest companies has filed for creditor protection.
'Spectacular' downtown office could help nurture a new generation of tech firms if they choose to replace the e-commerce giant in Performance Court, veteran broker says.
E-commerce giant plans to sublease its signature space at Performance Court and consolidate its downtown Ottawa office footprint at a building on nearby Laurier Avenue.
Planners representing hotel owner have said the extension is necessary for the hotel to continue competing in Ottawa’s hospitality market.
Firm specializes in maintaining commercial, retail and institutional properties.
Available sublease space jumps 11%, but still remains well below levels recorded in previous downturns.
Massive industrial building will have footprint of 450,000 square feet and feature multiple levels, company says.
E-commerce giant says 450,000-square-foot facility in the Citigate Business Park will create more than 1,000 full-time jobs.
Citywide office vacancy rate increases to 7.2%, according to report providing one of the first looks at the performance of the local commercial real estate market during the pandemic.
More firms are looking to shed real estate as they rethink what the traditional office space might look like in a post-pandemic world, experts say.