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.
New study suggests Ottawa suffered a net loss of tech jobs created vs. degrees granted over a recent five-year period.
Massive complex would be nearly three times larger than Amazon warehouse on Boundary Road.
Proximity to major transportation routes makes location a prime hub for logistics company, project proponents say
While most experts say industry is likely to struggle even after social distancing measures are relaxed, others argue sector could play key role in helping companies safely resume operations.
A leading Ottawa real estate executive is calling on the city to give all commercial landlords facing financial hardship due to the COVID-19 pandemic a six-month break on property taxes.
OBJ examines how an unprecedented disruption in regular business activity will severely impact the city’s real estate sector, especially retail and office leases