Commercial real estate

The transaction marks the first foray into the Ottawa market for Colorado-based Woodbourne, which will hold the majority stake in the 700,000-square-foot portfolio.
T.O.-based firm acquires 90 per cent stake in 2.8-million-square-foot warehouse, which opened last year and is the largest facility of its kind in Canada.
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.
Downtown vacancy rate of 9.9 per cent last quarter was the third-lowest in North America behind Vancouver and Toronto, real estate firm CBRE says.
BRB REIT's portfolio in the National Capital Region now includes more than 650,000 square feet of space at nine office buildings and one industrial property.
Marquee transactions worth a combined $87 million have Ottawa brokerage predicting the new year will pick up right where a frothy 2021 left off for the city's office market.
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What will the future of office work look like for federal employees in Ottawa/Gâtineau and what might the influence be on the commercial real estate sector?
The city's overall office vacancy rate fell to 9.7 per cent, marking the first net absorption of office space in the capital since the fourth quarter of 2019.
Investors spent a total of $767-million on Ottawa commercial properties from April to June, the real estate firm said in its latest report.
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With many office towers and traditional mainstreets still quiet, tenants and landlords alike face an uncertain outlook.