Feds’ ‘flight to quality’ casts shadow on commercial real estate market
Originally published in the Ottawa Business Journal
on December 31st, 2012.
Barely a year ago, the president of one of the country’s top commercial real estate research firms made a bold prediction about the direction of the Ottawa market. Altus Insite's
Sandy McNair said the federal government appeared to be in the process of vacating upwards of 11 million square feet
of existing office space as it modernized its real estate footprint in the National Capital Region.
There are signs this forecast is coming true.
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