Building would likely be on Terry Fox Drive, where the firm owns development land adjacent to the Stealth Building, home to Huawei, March Networks and other tenants.
One of the quarter’s largest transactions was Fiera Properties’ $74-million purchase of a four-building portfolio in Kanata.
The growth of urban tech tenants is reshaping the commercial real estate market in Ottawa’s central business district, which has traditionally been dominated by the public sector and professional…
Tech firms now occupy more real estate in the core than the legal and accounting sectors
'The west side of downtown is going to redefine our city'
Market began to loosen several years ago as the Conservatives cut spending and civil servants were moved into buildings elsewhere in the National Capital Region, such as the Ottawa Train Yards.
Availability ratedips to 4.3 per cent
Brokers remain ‘bullish’ on Ottawa investment market outlook
Citywide average class-A net asking rents are poised to take a large jump this year, from $18.12 per square foot to $19.57.
More than $1.6B worth of commercial assets have already changed hands this year.