CBRE: Ottawa overall office vacancy rate up from 10.3% to 10.5% in 2016
In its 2016 Canadian Market Outlook report, CBRE noted that the overall vacancy rate for offices across Ottawa is expected to rise from 10.3% in 2015 to 10.5% in 2016. The Class A Net Rental Rate is expected to grow marginally from CAD29.04 per square foot to CAD19.07 per square foot. Net absorption is expected to grow from -0.20mn square feet to 0.02mn square feet. New supply is expected to drop from 0.17mn square feet to 0.10mn square feet. Stock that is under construction should rise from 0.21mn square feet to 0.32mn square feet.
Source : December 2015/CBRE/Ottawa/OFF