Experts say scarcity of existing buildings could spark speculative builds.
Sears previously occupied more than a third of Carlingwood's leasable space.
The company confirmed this week it is pulling up stakes from its longtime home in the Kanata North business park and moving to new, larger digs at 770 Palladium Dr.
Overall vacancy rate in the core stood at about eight per cent in the second quarter of 2018, down from more than 11 per cent a year earlier
Another prominent hotel chain is planning to add to the ByWard Market’s stable of accommodations with a new lodging near the Andaz Hotel
Minto Capital, Investors Group and LaSalle will now each hold a one-third interest in the complex.
The company is looking to build a new 6,450-square-foot repair garage and two-storey office at its Carp Road headquarters
Firms looking for showroom/warehouse space may be more inclined to explore retail options.
Building would likely be on Terry Fox Drive, where the firm owns development land adjacent to the Stealth Building, home to Huawei, March Networks and other tenants.
Space in class-A and class-B buildings is being leased at “rapid rates.”