| |
|
Ottawa’s office space vacancy rate remained relatively stable, increasing to 7.4% from 6.8% overall. 45% of office space in the capital region is occupied by various Federal Government departments. Therefore this relative stability is not unexpected, even during the current economic uncertainty.
The largest shifts in vacancy rates were observed in the Central Business District, where rates rose to 3.8% from 2.9% in Q3.
The Fringe Core, West, South, East and Kanata submarkets vacancy rates’ all saw some, but not significant, overall change in Q3. The East submarket continues to be the tightest of the submarkets with an overall 3% vacancy rate.
Contact Brad Shymansky at 613.683.2226 for more information.
  2009 - Q3 - Email.pdf
Email Report Link To Your Friend
|
|