How will businesses and organizations maintain and strengthen collaborative relationships when working in a hybrid office setup?
Commercial real estate
Real estate brokerage predicts shift toward hybrid work model will lead to more space coming on the market as 2021 rolls on.
As workers re-enter workspaces across the city, landlords face new demands from tenants
Plan calls for more than 1,000 residential units as well as office and retail space – but the ward councillor cautions the proposal might not fly with nearby residents.
Crown Realty Partners says the fund has closed its first round of financing with more than $140 million worth of commitments from institutional investors and family offices.
All told, tenants shed nearly 800,000 square feet of office space last year – the highest net negative absorption of real estate in Ottawa since 2002.
Real Strategy Advisors is cautiously optimistic that the vast majority of executives we speak with are in favour of an eventual return to the physical office in some form.
Avison Young is forecasting the local vacancy rate at around seven per cent, the second-lowest among major Canadian cities behind Vancouver.
Consultant says employers might look to open satellite locations away from downtown as more people seek to work in less crowded settings closer to home.
Economic slump prompted more tenants to shed space or take a wait-and-see approach to jumping into the market in the third quarter, real estate firm CBRE says.