Ottawa's office market is on a new trajectory
In Q2 of 2024, Ottawa’s office market continued to show a mixed and gradual improvement. At 11.5 per cent, Ottawa’s office vacancy has decreased for the fourth consecutive quarter.
In Q2 of 2024, Ottawa’s office market continued to show a mixed and gradual improvement. At 11.5 per cent, Ottawa’s office vacancy has decreased for the fourth consecutive quarter.
As 2024 progresses, key economic indicators suggest the real estate cycle is entering a new phase. Major central banks have commenced interest rate cuts, with the Bank of Canada leading the way.