Retail rents rising as space crunch grows in Ottawa, new report says

The newest Planet Fitness location is at the foot of the Sun Life Centre at 99 Bank St. Photo provided by Sreeja Sasidharan with Planet Fitness.
The newest Planet Fitness location is at the foot of the Sun Life Centre at 99 Bank St. Photo provided by Planet Fitness

With new retail construction at a virtual standstill in recent years as escalating costs and rising interest rates kept developers on the sidelines, the supply of available quality space has all but dried up, CBRE said in its recent Canada retail rent survey.

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