Insight

Downtown Ottawa Goes On Sale

August 12, 2012

KPMG to move into Morguard’s new build while BLG stays put at World Exchange

The era of low demand, combined with infinitesimal vacancies, for office space in the downtown core is over.

Topics : 

KPMGBank of Canada ,Morguard , Ottawa

Big tenants are starting to flex their muscles, driving local landlords to fight tooth and nail for their tenancies. It’s true that we haven’t seen vacancy rates yet climb into the mid-teens. But after more than a decade of operating in a downtown market with only two- to three-per-cent vacancy, the presence of several large blocks of space in all price points has created some sorely needed competition.

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