Login
CoStar Insight

Office vacancy falls as Ottawa tenants fill sublet space in latest buildings

Vacancy rate in newest office properties significantly lower than older structures
Newer office buildings in Ottawa, such as BTB REIT's 979 Bank Street @ TD Place, have outperformed older buildings as office tenants increasingly prefer newer buildings. (CoStar)
Newer office buildings in Ottawa, such as BTB REIT's 979 Bank Street @ TD Place, have outperformed older buildings as office tenants increasingly prefer newer buildings. (CoStar)
CoStar Analytics
January 23, 2025 | 7:14 P.M.

A notable trend has emerged in Ottawa’s office market: office buildings constructed in 2010 or later have significantly lower vacancy than older buildings constructed in 2009 or earlier.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In