Large tenants could start looking at properties in other markets along the St. Lawrence Seaway to address surging demand for warehousing and storage facilities, new report from Colliers says.
'Dangerously low' supply of industrial space threatens Ottawa's status as rising distribution hub: brokerage
Local real estate experts say that while office space is here to stay, it will likely be configured very differently once people start returning to their cubicles en masse.
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.
Theia Partners' Jeff Westeinde sees the next few months as a watershed time for the development that straddles both sides of the Ottawa River.
Avison Young is forecasting the local vacancy rate at around seven per cent, the second-lowest among major Canadian cities behind Vancouver.
The 1.6-million-square-foot office complex just south of the St. Laurent Shopping Centre is part of a plan to turn the site into a mixed-use neighbourhood with residential units, parks and shops.
OBJ examines how an unprecedented disruption in regular business activity will severely impact the city’s real estate sector, especially retail and office leases
Landlords and tenants are trying to map out a way forward that inflicts the least economic pain
Commercial tenants struggling to find room to grow in Ottawa’s tight office market likely won’t have a much easier task this year than they did in 2019, Avison Young forecasts
The federal government has opened three co-working offices across Ottawa with plans for two more in the National Capital Region as the city’s largest employer embraces a global trend towards flexible…