City's downtown vacancy rate jumped from 9.5 per cent in the fourth quarter of 2020 to 10.7 per cent in the first three months of 2021.
'Once-in-a-lifetime opportunity': Former CBRE exec Hamilton takes business development post at Canderel
Hamilton, who spent 16 years at CBRE Canada’s Ottawa office, including the last eight as managing director, started his new job on Monday.
CEO of Montreal's PROREIT sees 'real future' for Ottawa industrial sector as firm adds to local portfolio
Real estate investment firm said Monday it’s buying three industrial buildings in the capital region totalling 283,000 square feet.
Real estate brokerage predicts shift toward hybrid work model will lead to more space coming on the market as 2021 rolls on.
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.
It's the fourth year in a row the capital has finished second to Toronto in the survey.
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.
"Floodgates will open" once a vaccine is found, owner of two local facilities predicts despite news that one of the industry's biggest companies has filed for creditor protection.
E-commerce giant plans to sublease its signature space at Performance Court and consolidate its downtown Ottawa office footprint at a building on nearby Laurier Avenue.
Available sublease space jumps 11%, but still remains well below levels recorded in previous downturns.