The citywide office vacancy rate rose to 9.8% at the end of June, up from 9.6% in the first quarter.
High concentration of tech workers puts Ottawa in 'position of strength coming out of the pandemic'
Ottawa's overall office vacancy rate stood at 9.8 per cent at the end of June, up two-tenths of a percentage point, but amount of empty space in the core declined.
The University of Montreal graduate has spent nearly a decade with the firm in various project management roles.
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.